REC Limited secured a $100 million loan from Japan’s Sumitomo Mitsui Banking Corporation (SMBC). The company will use the capital to finance Indian green energy projects, including solar and wind power. BofA Securities and Jefferies both reiterated their Buy ratings for the stock. BofA Securities set a target price of Rs 425 for REC Ltd. Analysts highlighted the firm's strong loan growth, stable asset quality, and pivotal role in India’s power sector.