PFC-REC merger approved, to create largest power financier

PFC-REC merger approved, to create largest power financier. The boards of PFC and REC have approved their merger, forming India’s largest power sector financier with a combined balance sheet exceeding ₹3.7 lakh crore. The move aims to enhance operational efficiency and strengthen funding capacity for power projects. The integration is expected to be completed by FY25.

📊 STOCKS: PFC, RPOWER | 🏢 SECTOR: CapitalMarkets | #HIGHIMPACT #Merger