Corporate News 09-Dec-23
REC signs Euro 200 mn loan agreement with KfW
REC has signed a 200 million Euro loan agreement with the German Bank KfW in New Delhi on 08 December 2023. This is REC's sixth line of credit under Indo-German Development Cooperation, which REC will utilize to re-finance investments in the distribution infrastructure of DISCOMs in alignment with the Revamped Distribution Sector Scheme (RDSS) of the Government of India.
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