Its total income, however, fell to Rs 9,506.06 crore in the quarter under review, from Rs 9,555.45 crore in the year-ago quarter.
Total expenses of the company also got reduced to Rs 6,556.09 crore in the first quarter of this financial year, from Rs 6,769.62 crore a year ago.
In a separate statement,
said its loan book has increased to Rs 3.88 lakh crore as on June 30, 2022.
REC Ltd, under the Power Ministry, is a non-banking financial company (NBFC), focusing on power sector financing and development across India.
It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives, and private sector utilities.