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REC Raises Rs5,000Cr Through Bonds to Bolster Clean Energy and Infrastructure Financing

State-owned infrastructure finance giant REC Limited has successfully raised Rs5,000crore through bond issuance to support its growing portfolio of infrastructure and green energy projects. The bond sale comprised Rs3,000 crore in five-year bonds at a 6.97% coupon and Rs2,000 crore in ten-year bonds at 6.86%, both rated “AAA” by CARE Ratings, ICRA, and India Ratings. The bonds will be listed on both the Bombay Stock Exchange and the National Stock Exchange.

This fundraising follows REC’s Rs4,350 crore green bond issuance in September 2024 under its Rs87,000crore Global Medium-Term Note Program. That issue was aligned with its Green Finance Framework and international green finance standards, with validation from Sustainable Fitch.

REC has recently intensified its focus on the renewable energy sector. It signed an MoU with the Energy Management Centre, Government of Kerala, to finance pumped storage projects (PSPs) worth Rs18,360crore over the next five years. This move aligns with India’s broader transition to grid-stabilizing, flexible energy systems.

In Q3 FY2025, REC posted a total income of Rs14,286 crore , up 23% YoY. Its earnings per share rose to Rs15.48. The company disbursed Rs54,692 crore,reinforcing REC's growing role in financing India’s energy transition.