(THE NEWSMAN OF INDIA.COM)
March 27, 2025: REC Limited, a public sector enterprise under the Ministry of Power, has announced a comprehensive market borrowing programme totaling ₹1.70 lakh crore for the financial year 2025-26. This initiative aims to support the company’s funding requirements, asset-liability management, and prevailing market conditions.

Key Highlights of the Borrowing Programme:
External Commercial Borrowings (ECBs): Up to ₹50,000 crore, encompassing various instruments such as Foreign Currency Term Loans, Foreign Currency Bonds, Rupee Offshore Bonds (Masala Bonds), Green Bonds, and Environmental, Social, and Governance (ESG) Bonds.

Short-Term Loans (STL): A ceiling of ₹10,000 crore for loans with a tenure exceeding six months, excluding those raised and repaid within the financial year.

Commercial Papers: A limit of ₹5,000 crore, with issuances and repayments during the year excluded from this limit.

Notably, short-term loans with tenures less than six months, along with facilities like Cash Credit, Working Capital Demand Loans (WCDL), Overdraft facilities, Corporate Credit Cards, or similar arrangements, are capped at ₹50,000 crore. These are considered separate from the aforementioned borrowing limits.

The company will determine the specific instruments and maturities for these borrowings based on actual funding needs, asset-liability positions, and prevailing market conditions, subject to approval by the competent authority.

Appointment of New Director
In a significant development, Smt. Parminder Chopra, the Chairperson and Managing Director (CMD) of Power Finance Corporation Limited, has been appointed as an Additional Director on the Board of REC Limited in the capacity of CMD (additional charge). This appointment is effective from March 21, 2025, and aligns with the company’s strategic objectives in the power sector.

These decisions underscore REC Limited’s commitment to strengthening its financial strategies and leadership to effectively support the growth and development of India’s power infrastructure.