One of India’s largest public-sector financial restructuring initiatives has moved forward after receiving Presidential approval. The proposed merger of REC with Power Finance Corporation aims to create a larger and more efficient financing institution focused on the country’s power and infrastructure sectors.
The merger is expected to strengthen financing capabilities for renewable energy, transmission projects, and power infrastructure development. Combined resources could improve operational efficiency and create a stronger balance sheet.
Industry experts believe the move aligns with India’s long-term energy transition plans and could support large-scale investments required for future power demand growth.
