REC Limited to Consider Market Borrowing Programme on March 26

REC Limited's board is set to meet on March 26, 2025, to consider its market borrowing programme. This follows the board's approval on March 7 to revise the company's market borrowing programme for FY25 from ₹1.6 lakh crore to ₹1.8 lakh crore. The funds will be raised through various instruments including bonds, debentures, term loans, and commercial papers. Additionally, REC recently declared its fourth interim dividend of ₹3.60 per share for FY25, with March 26 set as the record date. The company's loan book has expanded to ₹5.66 lakh crore, up 14% year-on-year.

Sources: Angel One, Business Standard, India Today