PFC and REC Announce Major Merger to Enhance Power Financing Capacity
Published on: June 29, 2026, 10:15 a.m. | Source: Devdiscourse
Power Finance Corporation and REC Ltd have announced their boards' approval for a merger scheme. The merger aims to create a larger entity with over Rs 11 lakh crore in loan assets, enhancing infrastructure funding capabilities, pending necessary regulatory and shareholder approvals.
