REC Revised Market Borrowing Programme to ₹1.8 Lakh Crore

On March 7, 2025, REC Ltd through an exchange filing stated that its board of directors had approved the revision of its market borrowing programme from ₹1.6 lakh crore to ₹1.8 lakh crore for FY25 from ₹1.6 lakh crore. The company further stated that the the funds under the revised market borrowing programme will be raised, from time to time, during the 2024-25 financial year, with the approval of the competent authority.

Revision in Market Borrowing Programme

“The Board of Directors of REC Limited (“REC” / “the Company”) in its meeting held on March 7, 2025 inter-alia approved the revision in Market Borrowing Programme of the Company under different debt segments with interchangeability amongst various instruments including Bonds/ Debentures, Term Loans, External Commercial Borrowings, Commercial Papers etc. on private/ public placement basis from ₹1,60,000 crore to ₹1,80,000 crore for financial year 2024-25. The funds under the said revised market borrowing programme will be raised, from time to time, during the financial year 2024-25, with the approval of the Competent Authority as per powers delegated in this regard by the Board of Directors.”

Management Take on Future Business

Vivek Kumar Dewangan, Chairman and Managing Director of REC Ltd said, “Our exposure to the state sector has come down from 89% to 88% and the exposure to the private sector increased from 11% to 12%. There is not a substantial increase. But a number of renewable energy projects we have sanctioned for the private sector where disbursement is going to happen in the current financial year and next financial year”

He further added, “The share of private sector lending is 12%. It will gradually increase to 30% by the end of 2030. As more and more disbursal in respect of renewable energy projects takes, the share of the private sector will increase because most of the renewable energy projects, which we have sanctioned are in respect of the private sector.”

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