REC Limited signed an MoU with Punjab National Bank to jointly explore the possibility to fund
the Power Sector and Infrastructure & Logistics Sector projects under the consortium
arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs.
55,000/- crore over next three years.
Shri T.S.C Bosh, Executive Director REC and Shri Rajeeva, CGM , PNB signed the MoU in the
presence of Shri Ajoy Choudhary, Director Finance, REC; Shri V K Singh, Director Technical,
REC .
