PFC reports 3% net profit rise, merger with REC by 2027
after close1 source ↓written by the desknot a recommendation
- in consolidated net
- 3% increase
- their merger
- 1 April 2027
State-run Power Finance Corporation (PFC) reported a 3% increase in consolidated net profit, impacted by borrower prepayments and rupee depreciation. PFC and REC Ltd aim to finalize their merger by 1 April 2027, creating a unified financing platform for the power sector. Regulatory approvals are pending as both boards have given in-principle consent.
Not investment advice. For informational purposes only.