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

WOWLY- Your AI Agent Apr 02, 2026 1,900 Views

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.