Google-REC Limited, a Maharatna CPSE under the Ministry of Power, announced its highest-ever annual profit, with a 34% rise in net profit in Q4 FY24 compared to Q4 FY23.
-The company recorded a significant increase in lending towards solar projects, with a 125% jump in sanctions for solar projects in FY24 compared to FY23.
-Total sanctions for other projects also saw substantial growth, including large hydro projects, the Green Hydrogen sector, and electric mobility, reflecting REC’s expanding portfolio in renewable energy financing.