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PFC announces merger with REC in line with Budget 2026 roadmap

Power Finance Corporation's board has approved a merger with Rural Electrification Corporation. This move aligns with the Union Budget 2026 roadmap. The restructuring aims to achieve scale and improve efficiency in public sector power financiers. The merger will consolidate both entities into a single balance sheet. This significant step is set to reshape India's power financing landscape.

6 Feb 2026 4:47 pm