Gurugram, 25 January, 2023: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India.The MoU was signed in the presence of Vivek Kumar Dewangan, CMD, REC and Rajiv Dhar, CEO and MD, NIIFL by Daljeet Singh Khatri, ED (Finance), REC, and Prasad Gadkari, Executive Director & Chief Strategy Officer, NIIFL. Ajoy Choudhury, Director (Finance), REC; V K Singh, Director (Projects), REC; K Mukundan, Sr. Principal – Strategic Initiatives and Policy Advisory, NIIFL and Saurabh Rastogi, Executive Director, REC were also present on the occasion and held rich discussions.
Vivek Kumar Dewangan, CMD, REC said, “Empowering India’s growth through strategic financial partnerships, REC Limited remains steadfast in its commitment to fueling the nation’s progress. Our commitment to financing key infrastructure projects echoes our shared vision for a robust and interconnected future.”
Prasad Gadkari, Executive Director & Chief Strategy Officer, NIIFL said, “The collaboration with REC aligns perfectly with NIIF’s broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, we aim to develop innovative financial solutions supporting major infrastructure.”
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