REC has received shareholders' approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures. The funds would be raised on private placement basis in one or more tranches. This would enable the company to explore business opportunities like funding or undertaking studies, research on any project including training and also financing of projects, activities or works in respect of electrical and electromechanical/hydro systems, projects of lift irrigation, smart city, electrification of railway line, airport etc.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
