REC Limited, a Public Sector Enterprise under the Union Ministry of Power, on Sunday announced that it has decided to extend financial assistance of Rs 3,045 crore to Bangalore Metro Rail Corporation Limited (BMRCL), for establishing and developing metro lines under Phase-II project of Bangalore Metro. The Ministry of Power, in a release, said that the decision to extend the assistance was taken at the board meeting of REC wherein the Board approved the proposal of BMRCL.
