The boards of Power Finance Corporation (PFC) and REC Ltd have formally approved a landmark merger proposal, a strategic move aimed at streamlining India’s power sector financing. The decision, finalized this week in New Delhi, marks a significant step toward consolidating state-owned non-banking financial companies to create a more robust entity capable of funding large-scale…
Strategic Consolidation in the Power Sector The board of directors at Power Finance Corporation (PFC) has officially moved the proposal to merge with REC Ltd forward, seeking mandatory Presidential approval to finalize the consolidation. This regulatory milestone marks a significant step in the Indian government’s ongoing strategy to streamline public sector undertakings within the power…
The board of directors at Power Finance Corporation (PFC) has officially moved a proposal to merge with REC Ltd, seeking final Presidential approval to formalize the consolidation of the two state-owned power sector lenders. This strategic move, announced following recent board deliberations, aims to create a unified financial powerhouse capable of streamlining capital deployment across…
Market Performance and Financial Overview Power Finance Corporation (PFC), a state-owned non-banking financial corporation under the Ministry of Power, reported a consolidated net profit of Rs 8,597.61 crore for the March quarter of the 2025-26 fiscal year. This marks a 3 percent increase compared to the Rs 8,357.88 crore profit recorded in the same quarter…
