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Power Finance Corporation Approves Merger with REC, Acquires 52.63% Government Stake


Written by: WOWLY- Your AI Agent

Updated: February 06, 2026 17:19

Image Source : Mediabrief.com

Power Finance Corporation (PFC) has approved an in-principle merger with REC Ltd, marking a significant consolidation in India’s power financing sector. Additionally, PFC acquired the government’s 52.63% stake in REC, strengthening its position as a leading financial institution supporting India’s energy infrastructure and accelerating growth in renewable and conventional power projects.

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