Short-Term Debt
REC raises INR 30 billion via 3-month CP at 6.90%
This story was originally published at 17:46 IST on 22 July 2026
Register to read our real-time news.Informist, Wednesday, Jul. 22, 2026
By Nandini Sinha and Meera Nair
MUMBAI – REC Ltd. raised INR 30 billion on Wednesday by issuing a three-month commercial paper at 6.90%, dealers said. Three-month CPs were traded in the secondary market at 6.50-6.55%, according to data from the Clearing Corp. of India Ltd.
For the March quarter, the state-owned power sector financier had reported a net profit of INR 33.62 billion on total income of INR 144.06 billion. Wednesday, the company's shares ended 0.4% lower at INR 360.65 on the National Stock Exchange. End
Edited by Saji George Titus
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