REC Ltd’s FY25 Q1 Loans Surge 24.17% to Rs 1.12 Lakh Crore; Renewable Energy Projects Lead

Certainly! Here is the revised version of the text: State-owned REC Ltd announced on Monday that it had sanctioned loans worth Rs 1,12,747 crore during the April-June period of FY25, showing a year-on-year increase of 24.17 percent. In comparison, it had sanctioned Rs 90,797 crore as loans during the same period the previous year, as stated in an exchange filing by the company. The loan disbursements saw a rise of 27.89 percent, amounting to Rs 43,652 crore during the reviewed period. In the June quarter of FY25, the company sanctioned Rs 39,655 crore for renewable energy projects, marking a significant increase of 58.72 percent from the same period in the prior year. The loan disbursements more than doubled, soaring to Rs 5,351 crore from Rs 1,534 crore. REC, a non-banking financial company (NBFC) under the Ministry of Power, primarily focuses on financing in the power sector in India.