REC’s arm incorporates wholly owned subsidiary [Finance]
AI Summary1 min read
TL;DR
REC's subsidiary provides long-term loans and financing for infrastructure, funded by market borrowings, to support power sector projects across generation, transmission, and distribution.
Tags
Finance Term LendingFinance
REC provides long terms loans and other financing products to State, Centre and Private Companies for creation of infrastructure assets in the country. REC funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings. REC offers a gamut of financial services that cater to entities across the power sector value chain to help them set up power infrastructure, bolster operational efficiency, broaden their product portfolio and implement innovative technology solutions. We address the financial needs of state power utilities, private sector project developers, central power sector utilities and state governments to facilitate investments in power generation, power, transmission, power distribution and system improvement initiatives.