REC Limited has informed the Exchange regarding Outcome of Board Meeting held on March 25, 2026.
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The board of REC Limited, a Maharatna PSU and major power sector financier, approved a Market Borrowing Programme of ₹1,60,000 crore for the financial year 2026-27. The programme includes ₹1,40,000 crore through domestic bonds, debentures, term loans from banks/FIs, and external commercial borrowings (ECBs); ₹10,000 crore through short-term loans (over 6 months tenure); and ₹10,000 crore through commercial papers. An additional cap of ₹20,000 crore is set for very short-term facilities like working capital, cash credit, and overdrafts, kept outside the main borrowing limit. Funds will be raised across various tenures and instruments depending on the company's funding needs, asset-liability position, and prevailing market conditions.
This large borrowing plan signals continued strong loan disbursement and business growth ambitions for FY27, which is positive for revenue but will also increase interest expenses. For shareholders, the move indicates management expects robust demand for power sector financing, though it underscores the company's reliance on debt to fund its growing loan book.