REC Ltd., founded in 1960 and headquartered in Gurugram, India, is a government-owned company focused on the distribution of power and renewable energy solutions. The company plays a pivotal role in the Indian electricity market by providing a range of services including power supply, project management, and infrastructure development.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
REC Ltd. commenced its bond issuances in 2008 and has since become a significant player in the Indian debt market, known for its strong credit ratings. Notable issuances include the Rs. 15,000 crore bond in 2021, aimed at financing renewable energy projects, which highlighted the company’s commitment to sustainable development. Current yields on REC bonds are competitive within the industry, offering a compelling investment option, particularly for those interested in green financing. Recent news includes the issuance of green bonds that are part of the company's strategy to support India's energy transition.