REC has recently informed the exchanges that it has signed a non-binding MoU with Jawaharlal Nehru Port Authority (“JNPA”) to finance up to Rs. 45,000 crore for JNPA’s forthcoming projects, including the establishment of Vadhavan Port, which is in the nature of general ordinary business. The Company has not sanctioned any loan or financial assistance for the project mentioned in the MoU so far.
In the filing, the company also shared, “REC Limited always promptly intimate to the Stock Exchanges, all events and information that may have a probable bearing on the operation / performance of the Company including all price sensitive information, as and when required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 without any failure / delay/ deviation.”
