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Rural Electrification Corporation informs about raising of funds

25 Jul 2018 Evaluate

In compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, Rural Electrification Corporation has informed that Board of Directors of REC in its meeting held on July 25, 2018, approved the raising of 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, subject to approval of shareholders. The funds will actually be raised, from time to time, during a period of one year from the date of passing of resolution by the shareholders in the 49th AGM, with the approval of competent authority as per powers delegated by the Board of Directors; and incorporation of a Project Specific SPV, as wholly owned subsidiary of REC Transmission Projects Company Limited for (A) Intra-State Transmission work associated with construction of 400 kV Substation near Guna and (B) Intra-State Transmission work associated with construction of 220 kV Substation near Behind.

The above information is a part of company’s filings submitted to BSE.

REC Share Price

359.35 -0.35 (-0.10%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 461.00
REC 359.35
Indian Railway Fin. 106.05
NHIT 160.00
Satin Creditcare 212.55
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