REC Limited’s Loans to Renewable Energy Sector Down 68% YoY in Q2 FY 2022

The company’s net profit increased 25% YoY to ₹27.39 billion in Q2 2021

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REC Limited, a public infrastructure finance company, involved in financing power projects, recorded a 15% year-over-year (YoY) growth in its total income in the second quarter (Q2) of the financial year (FY) 2022. The company’s total income rose to ₹100.79 billion (~$1.34 billion) in Q2 FY 2022 from ₹87.91 billion (~$1.17 billion) in the same period last year.

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