The REC bond was priced at 4.78%, compared to 5.62% when the company raised $750 million through a five-year bond sale in April of last year.
According to the announcement, further negotiations are taking place about financing green energy corridors, wind turbine production, and the EV ecosystem, including charging infrastructure.
Here are some of the stocks that may see significant price movement today: REC, Torrent Power, Infosys, Biocon, etc.
The subsidiary was incorporated on August 14, 2024, under REC Power Development & Consultancy Ltd (RECPDCL), which is also a wholly-owned subsidiary of REC Ltd.
According to REC, the loan—which is worth $200 million—will be used to fund green projects that qualify in India.
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