REC Limited’s Board of Directors has approved a total market borrowing programme of ₹1,60,000 crore for the financial year 2026–27, aimed at meeting the company’s funding requirements across multiple financing instruments. The decision was taken at the Board meeting held on Wednesday, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The approved borrowing plan includes ₹1,40,000 crore through long-term instruments such as domestic bonds, debentures, capital gains tax exemption bonds, rupee term loans, and external commercial borrowings. These may cover a wide range of structures, including infrastructure bonds, green bonds, ESG bonds, perpetual and subordinated instruments, inflation-indexed bonds, and other debt products permitted by regulatory authorities.
In addition, the Board approved ₹10,000 crore for short-term loans from banks, financial institutions, NBFCs, corporates, and other entities, excluding temporary facilities with tenure below six months. Another ₹10,000 crore has been sanctioned for issuance of commercial papers during the financial year.
The company clarified that short-term loans and commercial papers raised and repaid within the same financial year will be excluded from the respective limits. Furthermore, outstanding short-term facilities with tenure below six months, including cash credit and overdraft arrangements, will not exceed ₹20,000 crore at any point during the year and will remain outside the approved borrowing programme.
REC stated that funds under the borrowing programme will be raised across different maturities and instruments, depending on funding requirements, asset-liability position, and prevailing market conditions, subject to approvals from competent authorities under delegated powers.
