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REC LTD - Announcement under Regulation 30 (LODR)-Raising of Funds

| Updated on March 20, 2019 Published on March 20, 2019

In compliance with the provisions of Regulation 30 read with Schedule III of SEBI (LODR) Regulations 2015, this is to inform that the Board of Directors of REC Limited, in its Meeting held on 20th March, 2019, inter-alia approved i.Market Borrowing Programme under different debt segments for the financial year 2019-20 for an aggregate amount of Rs. 90,000 crore and ii. Incorporation of a Project Specific Special Purpose Vehicle (SPV), as Wholly Owned Subsidiary Company of REC Transmission Projects Company Limited for Construction of 765/ 400/ 220 kV GIS substation, Rampur and 400/ 220/ 132 kV GIS substation, Sambhal with associated transmission lines allocated by UPPTCL to be implemented through tariff based competitive bidding route.

Pdf Link: REC LTD - Announcement under Regulation 30 (LODR)-Raising of Funds

Source : BSE - www.bseindia.com

Published on March 20, 2019
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