Rural Electrification Corporation (REC) is planning to raise funds through issue of unsecured/ secured non-convertible bonds/ debentures through Private Placement, up to an amount of Rs 75,000 crore, in one or more tranches. The meeting of the Board of Directors of the company is scheduled to be held on July 10, 2019, to consider 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.
