In a significant development, REC Limited has inked a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to provide financial support of up to Rs 35,000 crore for a slew of infrastructure projects planned by RVNL over the next five years. The collaborative efforts aim to boost the implementation of diverse projects, including multi-modal logistics hubs, rail infrastructure initiatives, road development, port expansions, and metro projects, marking RVNL’s strategic expansion into these sectors.

The MoU was formalized through the signatures of Ajoy Choudhury, Director (Finance) at REC Limited, and Rajesh Prasad, Director (Operations) at RVNL. The signing ceremony took place in the presence of key executives, including VK Dewangan, CMD of REC Limited, Sanjeeb Kumar, Director (Finance) at RVNL, and Anupam Ban, Deputy Executive Director at RVNL. The involvement of senior officials from both REC and RVNL underscores the commitment to propel these crucial infrastructure projects forward, fostering growth and development in the public sector.

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