REC Limited Approves Market Borrowing Programme of ₹1,60,000 Crore
REC Limited, a Government of India enterprise, announced on March 25, 2026, the approval of a Market Borrowing Programme totaling ₹1,60,000 crore for the financial year 2026-27. The decision was made at a board meeting held on the same day.The approved borrowing programme includes:
- Domestic Bonds/Debentures: An unspecified amount, encompassing various instruments like Infrastructure Bonds, Zero Coupon Bonds, ESG Bonds, and more, as permitted by regulatory authorities.
- Capital Gains Tax Exemption Bonds: ₹1,40,000 crore.
- Rupee Term Loans: An unspecified amount from banks, financial institutions, and other entities.
- External Commercial Borrowings (ECBs): An unspecified amount, including Foreign Currency Term Loans, Rupee Offshore Bonds, and Export Credit Assistance.
- Short Term Loans (STL): ₹10,000 crore. Short-term loans raised and repaid during the financial year will be excluded from this limit.
- Commercial Papers: ₹10,000 crore. Commercial Paper raised and repaid during the financial year will be excluded from this limit.
REC noted that the total outstanding for Short-Term Loans (STL) of less than 6 months, Cash Credit, Working Capital Demand Loans, Overdraft facilities, Corporate Credit Cards, or similar arrangements, shall not exceed ₹20,000 crore.
The funds will be raised for various maturities and through different instruments, subject to market conditions and the approval of a competent authority.
The board meeting commenced at 9:30 a.m. and concluded at 10:15 a.m. Dinesh Garg, Company Secretary & Compliance Officer, provided the disclosure.
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