REC to raise Rs 5,000cr by March

Rural Electrification Corporation(REC) is planning to raise about Rs 5,000 crore by March 2007.

"We plan to raise about Rs 5,000 crore via debt and bond issues by March," A K Lakhina, chairman and MD of REC, said.

Lakhina said the company would finalise the monthly borrowing schedule by October-end or early November for raising the funds.

The company has already raised Rs 4,500 crore so far this fiscal, he added.