State-owned REC Ltd on Friday said its total loans rose nearly 18 percent to Rs 54,692 crore in the quarter ended December 2024. Total loans for renewable energy loans grew 58.09 percent year-on-year (YoY) to Rs 6,314 crore in the quarter ended on December 31, 2024, the company said in a statement.
During the quarter, REC Ltd disbursed loans worth Rs 54,692 crore, up 17.98 percent YOY, according to the statement.
In the nine-month period (Q1-Q3) of FY25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is 19.30 percent higher as compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24.
Of this, renewable energy loans totaled Rs 17,612 crore, up 78.68 percent YoY.
