The renewable energy sector witnessed higher share in the overall lending portfolio of REC Ltd during the first quarter (Q1: April to June) of FY25.
In a brief stock exchange filing, REC said that it has “continued its growth trajectory and posted yet another quarter with strong operational performance.”
The renewable energy sector not only recorded an impressive year-on-year growth in REC’s sanctions and disbursements in Q1 of FY25, but also accounted for a higher share in REC’s total loan portfolio.
Here are highlights:
During Q1FY25, REC’s overall sanctions grew by 24.2 per cent to reach Rs.1,12,747 crore from Rs.90,979 crore in Q1FY24- By the same comparison, REC’s overall disbursements rose by 27.9 per cent to Rs.43,652 crore in Q1FY25 from Rs.34,133 crore in Q1FY24
- Sanctions to the renewable energy sector grew by 58.7 per cent from Rs.24,985 crore in Q1FY24 to Rs.39,655 crore in Q1FY25
- Likewise, disbursements to the RE more than trebled to reach Rs.5,351 crore in Q1FY25 from Rs.1,534 crore in Q1FY24
- The share of RE sector in REC’s total sanctions in Q1FY25 improved to 35.2 per cent from 27.5 per cent in Q1FY24
- In terms of disbursements, the share of RE sector in REC’s total stood at 12.3 per cent in Q1FY25, up from 4.5 per cent in Q1FY24
Also read: Renewable Energy Dominates REC’s Sanctions In FY24
Featured photograph (source: Adani Group) is for representation only.