On the occasion of Momentum Jharkhand – Global Investors Summit 2017, Two MOUs of Rs.15150 crore have been signed by REC with JBVNL (8150 crore) and JUSNL (Rs 7000 crore), in presence of Shri. Raghubar Das, Chief Minister, Jharkhand on 17th February 2017 at Khelgaon, Ranchi.
REC is a Non-Banking Financial Company (NBFC) that provides financial assistance to power entities in the Government as well as private sector in the areas of Generation, Transmission and Distribution.