REC has received an approval for raising funds through issue of unsecured secured non-convertible bonds/ debentures through private placement, upto an amount of Rs 75,000 crore, in one or more tranches, subject to approval of shareholders in this regard in the ensuing Annual General Meeting. The Board of Directors of the company in their meetings held on August 4, 2022 approved the same.
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.
