REC Share Price Gains Over 2%; Board Approves ₹1.6 Lakh Crore Market Borrowing Programme for FY 2026-27

On March 25, 2026, REC Limited's board of directors approved a comprehensive market borrowing programme for the financial year 2026-27.  

This initiative aims to raise ₹1,60,000 crore through various financial instruments, including bonds, loans, and commercial papers. 

Details of the Market Borrowing Programme 

The board's decision encompasses a wide array of borrowing instruments. The primary focus is on domestic bonds and debentures, with a planned issuance of ₹1,40,000 crore.  

These include infrastructure bonds, zero-coupon bonds, perpetual bonds, and green bonds, among others.  

Additionally, the company plans to issue capital gains tax exemption bonds under section 54EC of the Income Tax Act, 1961. 

External Commercial Borrowings and Short-Term Loans 

REC Limited also aims to secure external commercial borrowings (ECBs) through foreign currency term loans, foreign currency bonds, and other instruments.  

The programme includes short-term loans of ₹10,000 crore from banks and financial institutions, excluding temporary loans with a tenure of less than 6 months. 

Commercial Papers and Additional Borrowing Notes 

The company plans to issue commercial papers worth ₹10,000 crore.  

Notably, any short-term loans or commercial papers raised and repaid within the financial year will not count towards the ₹1,60,000 crore limit.  

The programme allows for flexibility in borrowing, depending on the company's financial needs and market conditions. 

Read More: PFC and REC Merger: PFC Appoints Consultants to Streamline Process! 

Approval and Meeting Details 

The board meeting commenced at 9:30 a.m. and the borrowing programme was approved by 10:15 a.m. The meeting was subsequently adjourned to discuss other proposals.  

The funds raised will be utilised for various maturities and through different instruments, subject to the approval of the competent authority. 

REC Share Price Performance 

As of March 25, 2026, at 10:40 AM, REC share price on NSE was trading at ₹327.05 up by 1.95% from the previous closing price. 

Conclusion 

REC Limited's board approval of the ₹1,60,000 crore market borrowing programme for 2026-27 reflects a strategic approach to diversify funding sources. The focus on bonds, loans, and commercial papers indicates a comprehensive plan to meet the company's financial requirements for the upcoming fiscal year. 

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