REC Limited

REC Raises 5 Year Loan Of $75 million From SMBC

In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […]

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REC Limited Issues 125 MW Solar tender for Uttar Pradesh Districts

REC power Distribution company Limited (RECPDEL), a subsidiary company of  REC Limited has issued a notice or two solar projects in UP’s Kanpur Dehat and Jalaun District, for solar projects. The size of the solar projects has been pegged at 50 MW ac for Kanpur and 75 MW ac for Jalaun. The location f the […]

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REC Limited Raises USD 500 Million Through Bonds

REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bonds issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to finance power projects following the approvals granted by the RBI from time to time and under the ECB Guidelines. This is REC Limited’s eighth […]

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