On May 16, 2023, REC signed a Loan Agreement with MSRDC Tunnels Ltd in Mumbai. Through Cash Flow Securitization, REC is offering financial support to MSRDC Tunnels Limited in the amount of Rs. 17,500 Cr. for the Mumbai-Pune Motorway project.
MSRDC Tunnels Ltd
Shri Vivek Kumar Dewangan, IAS, CMD of REC Limited, and Shri R. Mopalwar, IAS, Managing Director of MSRDC Limited signed the Loan Agreement.