Solar Energy

PFC And REC Approve Merger To Create ₹11 Lakh Crore Power Financing Giant

Jul 01, 2026 - 10:21
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PFC And REC Approve Merger To Create ₹11 Lakh Crore Power Financing Giant

Power Finance Corporation Limited (PFC) and REC Limited (REC) are set to merge, creating one of India's largest public sector financing institutions with a loan book exceeding INR 11 lakh crore. The merger aims to enhance financial capacity and operational efficiency, requiring approvals from shareholders, creditors, and regulatory authorities.

The post PFC And REC Approve Merger To Create ₹11 Lakh Crore Power Financing Giant appeared first on SolarQuarter.

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