REC Limited announced that its Board of Directors, in a meeting held on June 4, 2025, considered and approved the following key proposals:

• Raising of Funds:
  • Approval for raising funds up to ₹1,55,000 crore through Private Placement of Unsecured/Secured Non-Convertible Bonds/Debentures.
  • This is subject to the approval of shareholders in the ensuing Annual General Meeting (AGM).
  • The funds will be raised in one or more tranches over a period of one year from the date of passing the resolution by shareholders, with the approval of the Competent Authority.
• Striking-off a project-specific SPV/subsidiary:
  • Approval for striking off Rajgarh III Power Transmission Limited, which is a wholly-owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), itself a wholly-owned subsidiary of REC.
  • This proposal is subject to requisite clearances/concurrences/approvals from Statutory/Administrative Authorities.
  • The SPV was incorporated by RECPDCL to carry out the bid process for the "Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh - Phase III".
  • The Ministry of Power de-notified this project via a notification dated March 18, 2025, as the National Committee on Transmission (NCT) recommended clubbing it with another project. Consequently, the SPV is proposed to be struck off. The Board meeting commenced at 14:00 Hrs and concluded at 15:50 Hrs.