PFC-REC Merger Update: Boards Approve In-Principle Plan After Union Budget 2026 Push
In a major update for India’s power financing sector, the boards of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have given an in-principle approval for the merger of the two government-backed companies. This news has become important because it comes soon after the Union Budget 2026, where the government clearly mentioned its intention … Read more