REC Limited, a Maharatna CPSU under the Ministry of Power and a premier NBFC has inked an MoU with the Government of Rajasthan’s Department of Finance during the “Rising Rajasthan Investors Meet.” Under the agreement, REC will provide ₹50,000 crore annually (up from ₹20,000 crore) to fund power and non-power infrastructure projects over six years, amounting to a total investment of ₹3 lakh crore by 2030.
The MoU was signed in the presence of Rajasthan’s Hon’ble Chief Minister, Shri Bhajan Lal Sharma; Col Rajyavardhan Rathore, Minister for Industries & Commerce; and Sudhansh Pant, Chief Secretary of Rajasthan. Rahul Dwivedi, ED (PMD & I&L) REC, and Debasish Prusty, Secretary to GoR, exchanged the agreement.
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This agreement builds on a previous MoU signed in March 2024, in which REC committed ₹20,000 crore annually. The enhanced financial support will drive the development of key infrastructure projects across Rajasthan, spanning sectors such as power, metros, roads, highways, IT, airports, oil, telecom, and tourism, among others. REC‘s expanded role highlights its commitment to accelerating Rajasthan’s infrastructure development and economic growth.
