REC gets nod from shareholders to raise funds through bonds

31 Aug 2019

REC has received approval from its shareholders’ to raise up to Rs 75,000 crore through bonds or debentures on a private placement basis in the next one year. The funds will be raised from time to time during a period of one year from August, 29, 2019.

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.

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