REC signs MoU with JNPA for financing ₹45,000 crore

The two entities signed a Memorandum of Understanding MoU) to facilitate financing for various upcoming projects at JNPA, including the development of Vadhavan Port.

- 

REC Limited, a Maharatna PSU under the Ministry of Power and a leading Non-Banking Financial Company (NBFC) has entered into a significant partnership with the Jawaharlal Nehru Port Authority (JNPA). The two entities signed a Memorandum of Understanding (MoU) to facilitate financing of up to Rs. 45,000 crore for various upcoming projects at JNPA, including the development of Vadhavan Port. This MoU aims to establish a cooperative framework between JNPA and REC, enabling the execution of infrastructure projects in areas where JNPA has ex