(THE NEWSMAN OF INDIA.COM)
REC Limited announced its financial results for the first quarter of FY24, reporting its highest ever profit for this period at ₹2,961 crores.

The company experienced significant growth in various operational and financial aspects compared to the same period in the previous year (Q1 FY23).

Sanctions increased by 52% to ₹90,797 crores, with the renewable sector contributing 16% of this total. Disbursements also saw a substantial rise, increasing by 174% to ₹34,133 crores. Interest income on loan assets grew by 13% to ₹10,465