REC Limited, Maharatna PSU under the Ministry of Power and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing up to Rs 45,000 crore for various upcoming projects of JNPA, which includes the development of the deepwater Vadhavan Port.
Rahul Dwivedi, Executive Director, REC signed the MoU with Unmesh Sharad Wagh, Chairman, JNPA in the presence of Union Minister for Ports, Shipping and Waterways Union Minister for Ports, Shipping and Waterways Sarba...
REC inks pact with Jawaharlal Nehru Port for financing projects up to 45,000 crore
Government-owned REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs 5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
One bond is worth Rs 2,500 crores and has a 10-year maturity, with a redemption date of February 28, 2034, and yield of 7.47 per cent. The other one is worth Rs 2,875 crores with a maturity period of 3 years plus 2 months, with a redemption date of April 30, 2027 and a yield of 7.64 per cent.
Th...
REC lists two bonds worth Rs 5,375 crore on stock exchanges
REC has entered into an MoU with Rail Vikas Nigam Ltd (RVNL) to finance up to Rs. 35,000 crore worth infrastructure projects to be executed by RVNL over the next five years, according to an official statement on Wednesday.
These projects constitute multi-modal logistics hub projects, rail infrastructure projects, road, port, and metro projects.
Director (Finance), REC, Ajoy Choudhury and Director (Operations), RVNL, Rajesh Prasad signed the MoU.
REC Limited, a Maharatna CPSE establis...
Rail Vikas Nigam lines up Rs 35,000 cr from REC for big projects
