Power Finance Corporation

PFC, REC boards approve merger, mega financing entity in the making

The respective boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd (REC) have approved the scheme of merger of REC into PFC. The merger will create a financing entity with a loan book of over Rs.11 Read more

PFC, REC boards give in-principal approval to proposed merger

The boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd have independently accorded in-principle approval to the proposed merger of the two entities. The merged entity will continue to remain classified as a “Government Company,” under Read more

Parminder Chopra assumes charge as CMD, Power Finance Corporation

Ms Parminder Chopra has assumed charge as Chairman & Managing Director of Power Finance Corporation Ltd (PFC), effective August 14, 2023. In a stock exchange communication, PFC said that the Union power Read more