REC Ltd Board approves Rs 1.70 trillion borrowing plan for FY26 operations
REC Limited, a state-run NBFC, has approved a Rs 1.70 trillion borrowing plan for FY 2025-26, including Rs 1.55 trillion through instruments like bonds, loans, and ECBs to support its financial goals.
State-run NBFC firm Rec Limited has announced that its board of directors has approved a borrowing plan of Rs 1.70 trillion for the financial year 2025-26.
The decision was taken during the board meeting held on Wednesday.
According to the filing, the borrowing program for FY26 includes raising Rs 1,55,000 crore through various instruments such as domestic bonds or debentures, capital gains tax exemption bonds, rupee term loans from banks, financial institutions, NBFCs, corporates, and external commercial borrowings (ECBs).
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Additionally, the company is also planning to secure Rs 10,000 crore via Short-Term Loans (STL) from Banks, Financial Institutions, or NBFCs for durations exceeding six months, along with Rs 5,000 crore from Commercial Papers, the exchange filing stated.
The company has stated that the Funds under the above borrowing programme shall be raised for different maturities, through different instruments, depending upon the actual requirement of funds, asset-liability position and prevailing market conditions and this will be proceed with the approval of Competent Authority as per the powers delegated in this regard by the Board of Directors.
Shares of the company are trading low by 3.79 pc at Rs 425.59. The stock is currently trading below 16 basis points.
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