PFC-REC merger approved to form ₹11 lakh cr entity

The government has approved the merger of PFC and REC to form a unified power financing giant with an asset base of ₹11 lakh crore. This integration aims to streamline operations and strengthen the power sector’s financial backbone. The move is expected to enhance credit capacity and reduce borrowing costs for both entities.

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