Rural Electrification Corporation (REC) plans to raise up to Rs 500 crore through tax-free retail bonds in the last week of December. REC plans to raise about Rs 28,000-30,000 crore in this financial year. Out of the total target, around Rs 7,500 crore, or $1.5 billion, would be mopped up from international markets. The power finance firm has already raised $300 million at 7.30 per cent from overseas and is aiming to raise another $1.2 billion subject to approval from the Reserve Bank of India and its administrative ministry.
FlashNews:
IIFCL Launches Strategic Document to Support Green Infra
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Home » REC tax-free infra bonds
REC tax-free infra bonds
Infrastructure Finance
December 1, 2011December 1, 2011
Leave a Reply
You must be logged in to post a comment.