Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a year-over-year (YoY) increase of 33.66%, and disbursements reaching ₹1.61 trillion (~$19.34 billion), reflecting a 66.72% growth. A significant portion of the total approved loans, amounting to ₹1.37 trillion (~$16.46 billion), accounted for the renewable energy sector, showcasing a substantial YoY growth of 538.79%.