One of the advantage with IREDA was financing small (rooftop) solar installations. With REC leading National Rooftop rural scheme, REC would be in much better position as compared IREDA as REC will be financing all types of Big & Small Renewable & non Renewable projects + Infra projects too.
This will open a very big market for REC and have the opportunity to grow many folds over next 5 years. I hope this help REC with PE expansion and 2-3x profit growth over next 5-7 years.
I am very hopeful of REC touching 1800-2000 over next 5 – 7 years.
Disclaimer – Invested in REC from double digit levels.
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