Tag: PFC

PFC, REC boards approve merger scheme; aggregate loan book to exceed ₹11 lakh crore

June 29, 2026 admin

“The boards of directors of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) Limited have approved a scheme of merger for the two power sector companies,” according to an official statement issued on Monday (June 29, 2026). The merger will create a financing entity with an aggregate loan book of more than ₹11 lakh…

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PFC to raise upto ₹5000 crore debt yielding upto 7.3%

January 12, 2026 admin

Power Finance Corporation (PFC), which is a public sector listed company that finances power infrastructure projects, is set to raise ₹5000 crore from the debt capital market to refinancing existed debt and further lending. PFC announced that the base issue will be ₹500 crore with an option to raise the rest ₹4500 crore later on….

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REC Signs MoU With PFC For FYs 2023-24 And 2024-25

September 9, 2023 admin

New Delhi: REC Limited signed an MoU with PFC as per the DPE Performance Evaluation System for FYs 2023-24 and 2024-25 for CPSEs on Friday. REC CMD Vivek Kumar Dewangan signed the MoU for FYs 2023-24 and 2024-25 with PFC CMD Parminder Chopra in the presence of directors and other senior officials from both REC…

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