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.
