REC Ltd.

Rural Electrification Corporation (REC) is reportedly planning to raise Rs 30,000 crore during the current financial year, 2012-13. The company will raise the same a mix of instruments like external commercial borrowings (ECBs), Foreign Currency Convertible Bonds (FCCBs), infrastructure bonds etc.

The company posted a rise of 8.91% in its net profit at Rs 762.69 crore for the quarter ended March 31, 2012 as compared to Rs 700.26 crore for the same quarter in the previous year. Total income increased by 24.31% at Rs 2867.02 crore for quarter under review as compared to Rs 2306.33 crore for the quarter ended March 31, 2011.