REC Ltd. is targeting to increase its renewable energy portfolio to Rs 3.5 lakh crore by 2030 following the boost to the nuclear energy sector in Budget 2025, Chairman and Managing Director of the company Vivek Kumar Dewangan told NDTV Profit.
Talking to NDTV Profit, Dewangan said that the budget announcement will give REC India an additional capacity to disburse loans.
The company is targeting a Rs 3.5 lakh crore renewable energy loan portfolio by 2030, the top executive mentioned. “I am getting that our renewable energy portfolio will also increase substantially by the year 2030,” he said.
We are targeting Rs 2 lakh crore, but if the nuclear energy component gets added, perhaps the renewable energy portfolio will increase to about Rs 3.50 lakh crore by the end of 2030,” Dewangan added. The disbursement trend seen in Q3 will continue to happen in the upcoming quarters, according to the REC CMD. “So this disbursement trend is going to continue because we have a huge pipeline of projects, particularly conventional coal-based generation projects. New projects are coming up, and we already sanctioned those projects,” Dewangan said.
