Rural Electrification Corporation (REC) Limited has successfully raised Rs 50 billion through bond issuance. This includes Rs 30 billion raised via 5-year bonds with a coupon of 6.87 per cent and Rs 20 billion through 10-year bonds at a coupon of 6.86 per cent. The issuance reportedly saw strong participation from market players, indicating considerable investor interest.
The bonds have been rated “AAA” by CARE Ratings, ICRA, and India Ratings & Research, indicating the highest level of safety in terms of timely debt servicing. Furthermore, the bonds will be listed on both the Bombay Stock Exchange and the National Stock Exchange. This is expected to improve the liquidity of the bonds and provide ease of tradability for investors seeking secure long-term investment options.
In March 2025, REC Limited signed a MoU with the Energy Management Centre, government of Kerala, to finance pumped storage projects worth Rs 183.6 billion over five years.
