Rural Electrification Corporation (REC) has received an approval for raising funds through issue of unsecured/ secured non-convertible bonds/ debentures through Private Placement, up to an amount of Rs 70,000 crore, in one or more tranches. The Board of Directors of the company at their meeting held on July 25, 2018 approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
