REC and PFC approve merger to enhance financing capabilities
after close1 source ↓written by the desknot a recommendation
In a significant move for India's power sector, the Boards of REC Limited and Power Finance Corporation Limited (PFC) have approved a merger scheme. This merger aims to create a larger infrastructure financing institution with a combined loan book exceeding ₹11 lakh crore. The merger is expected to strengthen financial capabilities and support growing investment in power generation and renewable energy.
• Merger approved under Companies Act provisions
• PFC becomes the surviving entity
• Enhanced lending portfolio for infrastructure projects
Immediate implications may include increased market confidence in the power financing sector.
Not investment advice. For informational purposes only.