New Delhi: State-owned Rural Electrification Corp will raise Rs 30,000 crore during the current financial year, 2012-13, a top official said on Thursday.

"Our target for the current fiscal is Rs 30,000 core, through a mix of instruments, ECBs, FCCBs, infrastructure bonds etc," REC Chairman and Managing Director Rajiv Sharma said.

The company would raise USD 750 million through external commercial borrowings (ECBs) and USD 1 billion via Foreign Currency Convertible Bonds (FCCBs).

The FCCBs would be raised subject to approval from the government, Sharma said.

REC sanctions loans to state electricity boards, power utilities and State governments across India.

(Agencies)

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