Rural Electrification Corp

State-owned REC Ltd on Wednesday said its board has approved market borrowings of Rs 1.6 lakh crore for the fiscal 2026-27 at a meeting held on March 25. According to a regulatory filing, the market borrowings of Rs 1,60,000 crore includes raising up to Rs 1,40,000 crore through the issuance of capital gains tax exemption bonds, domestic debentures as well as rupee term loans, and external commercial borrowings. The market borrowings also fund raising up to Rs 10,000 each from short term loans and commercial papers. Funds under the borrowing programme shall be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions, with the approval of Competent Authority as per the powers delegated in this regard by the Board of Directors, it added. Board of Directors of REC Ltd in its meeting held on March 25, inter-alia considered and approved the Market Borrowing Programme of the .

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The RBI's new norms enhance transparency and strengthen the risk-reward framework for NBFCs in project lending

Deep-discount bonds are typically issued at a discount of over 20per cent-25per cent to their face value and do not pay interest

At 1:18 PM, REC share price continued trading near day's low at ₹390, down 2.91 per cent. In comparison, BSE Sensex was trading flat with a positive bias at 81,226.96 level.

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CRISIL Ratings believes REC will continue to benefit from government support, given its strategic role in the implementation of the government's power sector initiatives.

The company has invited bids for the same on Friday. The NCDs have been given the highest credit rating of 'AAA' with a 'Stable' outlook by ICRA, and CRISIL

State-owned REC Ltd on Sunday said it has received RBI's approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate' (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, it stated. Vivek Kumar Dewangan, CMD, REC Ltd said in the statement, The GIFT City platform offers a conducive environment for international lending activities coupled with world-class infrastructure. We are confident that REC will harness

The power sector in India, is on course for a long period of high growth and transformation which is visible in the increasing deployment of clean renewables.

With Government of India, setting and pursuing the target of achieving 500 GW of renewable energy capacity by 2030, energy transition is expected to drive significant investment in the power sector.

The finance ministry is yet to confirm their participation and draw broad contours of the bond issuance

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According to the filing, the company has planned to raise Rs 75,000 through issuance of bonds , term loans and external commercial borrowings

Three airports of Jaipur, Thiruvanthapuram and Guwahati to be leased out for development, operation and maintenance under PPP for 50 years

The Centre's stake in PFC is valued at nearly Rs 160 billion, while its stake in REC is valued at Rs 120 billion