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MIL-OSI Asia-Pac: REC gets RBI nod to set up subsidiary in GIFT City, Gujarat

MIL-OSI Asia-Pac: REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
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REC Gets RBI Nod To Set Up Subsidiary In GIFT City, Gujarat -

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has received a ‘No Objection Certificate’ (dated May 3, 2024) from the Reserve Bank of India, for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City ("GIFT"), Gandhinagar, Gujarat. The decision…

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REC limited avails SACE-Covered Green Loan

MUMBAI: In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC und.

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REC Limited avails SACE-Covered Green Loan for ~ 60.5 Billion Japanese Yen

In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. The green loan facility benefits from an 80% guarantee by Italian Export…

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