Of the loan sanctioned, Rs 1,36,516 crore were renewable energy sanctions in FY24, steeply higher than Rs 21,371 crore reported in the same period a year ago.

The company also achieved its highest ever loan disbursements at Rs 1,61,462 crore in FY24, recording a growth of 66.72% year on year.

Loan Book stood grew by 17.13% to Rs 5,09,545 crore in FY24 from Rs 4,35,012 crore posted in FY23.

REC is a government-owned infrastructure finance company in India. They fund projects in power (including new technologies) and non-power sectors (roads, metro, IT, etc.) for both government and private companies.

On a consolidated basis, net profit of REC rose 13.48% to Rs 3,308.42 crore on 23.2% rise in total income to Rs 12,071.54 crore in Q3 December 2023 over Q3 December 2022.

Shares of REC slipped 3.78% to Rs 453.85 on the BSE.