REC Ltd plans ₹1.6 lakh crore borrowing to boost growth
after close1 source ↓written by the desknot a recommendation
- has announced
- ₹1.6 lakh crore borrowing plan
- and improved asset
- 10% loan book expansion
- in domestic
- ₹1,40,000 crore
- to ₹329.20
- 2.6%
REC Ltd has announced a ₹1.6 lakh crore borrowing plan, supporting a 10% loan book expansion and improved asset quality. The plan includes ₹1,40,000 crore in domestic and foreign borrowings, ensuring long-term funding stability for its rural electrification and renewable energy projects. The stock rose 2.6% to ₹329.20, reflecting positive market sentiment.
Not investment advice. For informational purposes only.