REC, Bank of Baroda sign MoU to finance power, infra and logistics projects
In a significant development aimed at boosting India’s infrastructure, state-owned REC Limited has signed a Memorandum of Understanding (MoU) with the Bank of Baroda (BoB) to jointly finance projects in the power, infrastructure, and logistics sectors over the next three years.
The MoU was signed in presence of Vivek Kumar Dewangan, IAS, chairman and managing director (CMD), REC Limited and Debadatta Chand, managing director and CEO, Bank of Baroda along with Lalit Tyagi, executive director, Bank of Baroda.
