REC

REC Cleared by RBI to Establish Subsidiary in Gujarat’s GIFT City

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REC Cleared by RBI to Establish Subsidiary in Gujarat's GIFT City

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has received a ‘No Objection Certificate’ (dated May 3, 2024) from the Reserve Bank of India, for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (“GIFT”), Gandhinagar, Gujarat. The decision … Read more

REC raises around Rs 3,500 crore via Yen-denominated green bonds

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REC raises around Rs 3,500 crore via Yen-denominated green bonds

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has successfully issued its inaugural Japanese Yen (JPY) 61.1 billion 5-year, 5.25-year and 10-year Green bonds, issued under its US$ 10 billion Global Medium Term Notes Programme. Proceeds from the issue of the Bonds will be applied to finance the Eligible Green … Read more