SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

REC gets nod to raise funds up to Rs 1,05,000 crore through private placement

27 Jul 2023 Evaluate

REC has received an approval for raising of funds through Private Placement of Unsecured/Secured Non-Convertible Bonds/ Debentures of up to Rs 1,05,000 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 its meeting held on July 26, 2023, approved the same. 

The funds will be raised, from time to time, during a period of one year from the date of passing of resolution by the shareholders in the ensuing Annual General Meeting, with the approval of Competent Authority as per the powers delegated in this regard, by the Board of Directors of the Company.

The board also approved the incorporation of nine project-specific special purpose vehicles (SPVs), as wholly owned subsidiaries of REC Power Development & Consultancy (a wholly owned subsidiary of REC), for the selection of successful bidder for implementation of some inter-state transmission projects.

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.


REC Share Price

359.35 -0.35 (-0.10%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 461.00
REC 359.35
Indian Railway Fin. 106.05
NHIT 160.00
Satin Creditcare 212.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×