REC board to meet Wed to mull market borrowing programme for FY27
This story was originally published at 20:11 IST on 20 March 2026
Register to read our real-time news.Informist, Friday, Mar. 20, 2026
--REC board to Wed mull market borrowing programme for FY27
NEW DELHI – The board of REC Ltd. will meet on Wednesday to discuss the non-banking finance company's borrowing program for 2026-27 (Apr-Mar), the company said Friday in an exchange filing. The company's board had approved market borrowing of INR 1.70 trillion in the current financial year.
The board may peg the borrowing for FY27 at INR 1.50 trillion, Informist had reported last week. "We will take approval for about INR 1.50 trillion, but may keep (the) borrowing for the year limited to INR 750 billion–INR 800 billion," the official had said on condition of anonymity.
The NBFC had last week scrapped its INR-30-billion two-year bond issuance due to high coupon rates.
For the December quarter, REC reported a net profit of INR 40.43 billion on total income of INR 149.11 billion. On Friday, the company's shares closed 0.1% higher at INR 330.50 on the National Stock Exchange. End
Reported by Krity Ambey
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
