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