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