State-owned Rural Electrification Corp will raise Rs 30,000 crore during the current financial year, 2012-13, a top official said today.
"Our target for the current fiscal is Rs 30,000 core, through a mix of instruments, ECBs, Foreign Currency Convertible Bonds (FCCBs), infrastructure bonds etc," REC Chairman and Managing Director Rajiv Sharma told reporters here.
The company would raise $750 million through external commercial borrowings (ECBs) and $1 billion via FCCBs.
The FCCBs would be raised subject to approval from the government, Sharma said.
REC sanctions loans to state electricity boards, power utilities, state governments across India.