REC’s Q4 Net Profit Rises 31% to ₹30 Billion on Improved Asset Quality

REC's total loan disbursements to the renewable sector in 2022 stood at ₹9.68 trillion

May 18, 2023

/ Arjun Joshi
/ Other, Renewable Energy
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹30 billion (~$363.6 million) in the fourth quarter (Q4) of the financial year (FY) 2022-23, up 31% year-over-year (YoY).

MERCOM Insider

Where clean energy's most influential leaders get their intelligence

Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.

Already have an account? Sign In

Register for free

thumbnail

Arjun Joshi

More articles from Arjun Joshi.
financeIncomeprofitpublic infrastructureREC
PREVALL POSTSNEXT

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS