REC board approves Rs 85,000-crore borrowing plan for 2022-23

The board of state-run REC on Monday approved a proposal to raise up to Rs 85,000 crore in 2022-23 which includes Rs 75,000 crore from different type of bonds, term loans, external commercial borrowing among others.

“The Board of Directors of REC Ltd in its meeting held on March 21, 2022, inter-alia approved the market borrowing programme under different debt segments for the financial year 2022-23,” a BSE filing stated.