REC Limited, a Maharatna company, has announced a significant expansion in its Market Borrowing Programme for the financial year 2024-25. The Board of Directors, in a meeting held on March 7, 2025, approved increasing the borrowing limit from the earlier ₹1.6 lakh crore to ₹1.8 lakh crore.
The revised borrowing plan will be executed through multiple debt instruments, including Bonds, Debentures, Term Loans, External Commercial Borrowings, and Commercial Papers, through private or public placement. The funds will be raised in phases throughout the financial year, subject to necessary approvals.
This move is expected to enhance REC’s financial position and support its investments in the power and infrastructure sectors. The Board meeting commenced at 11:00 AM and concluded at 12:15 PM.
As of 1:41 PM, the shares of REC Limited are trading at ₹407.05, down 1.48% or ₹6.10 from the previous close of ₹413.15. The stock has moved within a day’s range of ₹405.00 to ₹415.00, while its 52-week range stands at ₹357.35 to ₹654.00. With a market capitalization of ₹1.07 trillion, the stock has recorded an average trading volume of 9.41 million. The price-to-earnings (P/E) ratio currently stands at 6.85, and the company offers a dividend yield of 4.13%. REC Limited is listed on the National Stock Exchange (NSE).
