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REC Limited Reports Highest-Ever Annual Profit in FY24

-REC Limited, a Maharatna CPSE under the Ministry of Power, announced its highest-ever annual profit, with a 34% rise in net profit in Q4 FY24 compared to Q4 FY23.

-The company recorded a significant increase in lending towards solar projects, with a 125% jump in sanctions for solar projects in FY24 compared to FY23.

-Total sanctions for other projects also saw substantial growth, including large hydro projects, the Green Hydrogen sector, and electric mobility, reflecting REC’s expanding portfolio in renewable energy financing.

Read the full article on Saur Energy

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