REC Signs MoU With RailTel

REC Signs MoU With RailTel

  • To extend financial assistance up to Rs.30, 000 Crore for Infrastructure Projects to be executed by RailTel in the next 5 years.
  • Projects encompass a wide range of areas, including Data Center products and services, Telecom & IT products and services, Railways & Metro projects, and the KAVACH Train Collision Prevention System.
  • Possibility of financing overseas ventures related to High-Speed Rail, metro, IT network, and the Upgradation of Railway Network, as part of bilateral country discussions and Infrastructure Projects in Southeast Asia and Eastern Africa where RailTel is currently focusing.

REC Limited

  • A Maharatna CPSE – established in 1969, under the Ministry of Power.
  • Provides long-term loans and other finance products for the power infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen, etc.
  • It has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institutions, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
  • The loan book of REC exceeds Rs 4, 74,275 Crore.

RailTel

  • A “Mini Ratna (Category-I)” Central Public Sector Enterprise under the Ministry of Railways.
  • One of the largest neutral telecom infrastructure & ICT Solutions & Services providers in the country.
  • Owning a Pan-India optic fiber network covering several towns & cities and rural areas.
  • Strong network of 61000+ RKM of Optic fibre.
  • It has two MeitY empanelled tier III data centres.
  • It offers a bundle of services like MPLS VPN, Telepresence, leased line, Tower Co-location, center services, Project management, IT & ICT consultancy etc.
Posted in Current Affairs.