REC Limited has signed a MoU with RailTel on 9th November 2023 to extend financial assistance upto Rs. 30,000 Crore for Infrastructure Projects to be executed by RailTel in next 5 years.

These projects encompass a wide range of areas, including Data Center products and services, Telecom & IT products and services, Railways & Metro projects, and the KAVACH Train Collision Prevention System.

Additionally, the MoU extends to the possibility of financing overseas ventures related to High-Speed Rail, metro, IT network, and the Upgradation of Railway Network, as part of bilateral country discussions and Infrastructure Projects in Southeast Asia and Eastern Africa where RailTel is currently focusing.

REC Limited, a Maharatna CPSE established in 1969, under Ministry of Power, provides long term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc.

More recently REC has also diversified into the Non-Power Infrastructure sector comprising of Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc. The loan book of REC exceeds Rs 4,74,275 Crore.

RailTel is one of the largest neutral telecom infrastructure & ICT Solutions & Services providers in the country, owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. RailTel is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under Ministry of Railways.

Along with a strong a reliable network of 61000+ RKM of Optic fibre, RailTel has two MeitY empaneled tier III data centers as well. RailTel offers a bundle of services like, MPLS VPN, Telepresence, leased line, Tower Co-location, Data center services, Project management, IT & ICT consultancy etc.

About REC Limited
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power.

REC Limited is an NBFC focusing on Power Sector Financing and Development across India. 

It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. 

Its business activities involve financing projects in the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy.

REC’s funding illuminates every fourth bulb in India.