REC Limited announced on Wednesday that its board has approved a borrowing plan of ₹1.7 lakh crore for the financial year 2025-26.
As per a regulatory filing, the board, in its meeting on March 26, 2025, sanctioned raising ₹1.55 lakh crore through domestic bonds, capital gain tax-exempt bonds, rupee term loans from banks and financial institutions, and external commercial borrowings.
Additionally, the company plans to secure ₹10,000 crore via short-term loans and ₹5,000 crore through commercial papers.
The board also approved the appointment of Parminder Chopra, CMD of Power Finance Corporation Ltd, as an Additional Director on REC’s board, granting her additional charge as CMD from March 21, 2025.
