REC Limited Expands Market Borrowing Programme to ₹1.8 Trillion for FY 2024-25
REC Limited, a Maharatna company in India's power sector financing, has increased its market borrowing programme for FY 2024-25 from ₹1.6 trillion to ₹1.8 trillion. The revised programme includes bonds/debentures, term loans, external commercial borrowings, and commercial papers, with funds to be raised through private and public placement. This ₹200 billion increase reflects REC's proactive approach to meet funding requirements and potentially indicates growing demand for infrastructure financing.

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REC Limited , a Maharatna company and a key player in India's power sector financing, has announced a significant expansion of its market borrowing programme for the financial year 2024-25. The company's Board of Directors, in a meeting held on March 7, 2025, approved an increase in the borrowing limit from ₹1.6 trillion to ₹1.8 trillion, signaling a robust financial strategy to support its operations and growth initiatives.
Revised Borrowing Programme
The revised market borrowing programme encompasses various debt instruments, including:
- Bonds/Debentures
- Term Loans
- External Commercial Borrowings
- Commercial Papers
REC has maintained flexibility in its approach, allowing for interchangeability amongst these various instruments. The funds will be raised through both private and public placement basis, as needed throughout the financial year 2024-25.
Strategic Financial Move
This ₹200 billion increase in the borrowing limit reflects REC's proactive approach to meeting its funding requirements. As a leading financier in the power sector, this move could indicate growing demand for infrastructure financing or an anticipation of expanded lending activities.
Approval Process
The company has stated that the funds under this revised programme will be raised from time to time during FY 2024-25. Each fundraising initiative will require approval from the Competent Authority, as per the powers delegated by the Board of Directors.
Corporate Governance
In line with regulatory requirements, REC Limited promptly disclosed this development to the stock exchanges. The board meeting that approved this revision commenced at 11:00 a.m. and concluded at 1:27 p.m. on March 7, 2025, demonstrating the company's commitment to transparency and timely communication with its stakeholders.
About REC Limited
REC Limited, formerly Rural Electrification Corporation Limited, is a Maharatna Central Public Sector Enterprise under the Ministry of Power. The company plays a crucial role in financing and promoting electrification projects across India, with a focus on rural and urban areas.
This strategic expansion of REC's borrowing programme underscores the company's ambitious plans and its significant role in India's power sector development. Stakeholders and market observers will likely monitor how REC utilizes this enhanced borrowing capacity to fuel growth and support energy infrastructure projects across the nation.
Historical Stock Returns for REC
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.89% | +6.55% | +3.80% | -20.97% | -0.01% | +498.35% |