REC Limited revises market borrowing program up to INR 1.8 lakh crore

REC Limited announced on March 7, 2025, a revision to its Market Borrowing Program, as approved in a board meeting. The program now allows for borrowings up to ₹1,80,000 crore, an increase from the previous ₹1,60,000 crore. This increased limit applies to the financial year 2024-25. The funds will be raised through various debt instruments, including Bonds, Debentures, Term Loans, External Commercial Borrowings, and Commercial Papers, via both private and public placement. The company stated that borrowings will be executed periodically throughout the fiscal year, subject to necessary approvals. The announcement was made in compliance with SEBI regulations.