REC Limited & RVNL signed MoU to Finance RVNL Infrastructure Projects up to Rs 35,000 Cr

Current Context: REC Limited and RVNL (Rail Vikas Nigam Limited) signed a memorandum of understanding (MoU) on January 3rd, 2024, in Delhi, to finance infrastructure projects worth up to Rs. 35,000 crore in the next five years.

• These projects include railway electrification, doubling, new lines, high-speed corridors, metro projects, workshops, bridges, and other works related to the Indian Railways.
• The MoU aims to enhance the collaboration between REC and RVNL and support the development of the railway sector in India.
• REC Limited is a Maharatna public sector enterprise under the Ministry of Power that provides long-term loans and other finance products for power and non-power infrastructure sectors.
• RVNL is a Mini Ratna public sector enterprise under the Ministry of Railways that executes railway projects on a turnkey basis.
• Both REC and RVNL are listed on the stock exchanges and have a strong financial performance.

Question:

Q.1 What is the estimated worth of the infrastructure projects to be financed by REC Limited and RVNL in the next five years?
a. Rs 25,000 crore
b. Rs 30,000 crore
c. Rs 35,000 crore
d. Rs 40,000 crore