New Delhi, March 25 State-owned REC Ltd announced on Wednesday that its board has approved market borrowings of ₹1.6 lakh crore for the fiscal year 2026-27 at a meeting held on March 25.
According to a regulatory filing, the market borrowings of ₹1,60,000 crore include raising up to ₹1,40,000 crore through the issuance of capital gains tax exemption bonds, domestic debentures, as well as rupee term loans, and external commercial borrowings.
The market borrowings also include raising up to ₹10,000 each from short-term loans and commercial papers.
The funds under the borrowing program will be raised for different maturities, through different instruments, depending on the actual need for funds, the asset-liability position, and prevailing market conditions, with the approval of the Competent Authority, as per the powers delegated in this regard by the Board of Directors, it added.
The Board of Directors of REC Ltd, in its meeting held on March 25, inter-alia considered and approved the Company's Market Borrowing Program for the financial year 2026-27, it said.