REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to extend financial support of up to Rs. 35,000 crore for infrastructure projects over the next five years. The agreement encompasses a wide spectrum of projects, including multi-modal logistics hubs, rail infrastructure, road development, port facilities, and metro projects that RVNL is venturing into.
Ajoy Choudhury, director (finance) of REC, and Rajesh Prasad, director (operations) of RVNL, inked the pact, solidifying the collaboration between the two entities. Other key officials, VK Dewangan, CMD of REC; Sanjeeb Kumar, director (finance) of RVNL; and Anupam Ban, DPE of RVNL, were also present.
