State-owned REC has made record loan sanctions worth Rs 3.59 trillion during 2023-24, posting a year-on-year rise of 33.66 per cent.
It had sanctioned Rs 2.68 trillion as loan during the preceding 2022-23 fiscal, the company said in an exchange filing.
Of the total Rs 3.59 trillion, Rs 1.36 trillion were “renewable energy sanctions”, higher from Rs 21,371 crore sanctioned for green projects a year ago.
“REC Ltd has continued its growth trajectory and posted…strong operational performance with highest ever loan sanctions at Rs 3.59 trillion and the highest ever loan disbursements at Rs 1.61 trillion during the year 2023-24,” it said.
