New Delhi, April 7 The government is exploring options, including the issuance of preference shares or fresh equity, to maintain a 51% stake in the state-owned Power Finance Corporation after its merger with REC, a senior official said.Finance Minister Nirmala Sitharaman had announced the...
equity
financial restructuring
government ownership
government policy
india
merger
powerfinancecorporation
preference shares
public sector finance
rural electrification corporation
state-owned nbfc
New Delhi, April 7 State-owned REC Ltd announced on Tuesday that Rajiv Ranjan Jha, Director (Projects) of Power Finance Corporation (PFC), has been appointed as a nominee director of PFC on the board of REC.According to a regulatory filing, based on a declaration received from Jha, he is not...
board appointments
corporate governance
director (projects)
ignou
indian power sector
mechanical engineering
ministry of power
nit jamshedpur
nominee director
powerfinancecorporation
rajiv ranjan jha
ranchi university
rec limited
regulatory filings
securities and exchange board of india
New Delhi, April 2 State-owned Power Finance Corporation announced on Thursday that its independent director, Bhaskar Bhattacharya, has resigned, citing plans to contest in the upcoming assembly elections in West Bengal.Bhattacharya was appointed on May 13, 2025, for one year by the Ministry...
New Delhi, March 17 State-owned Power Finance Corporation announced on Tuesday that its board has approved the fourth interim dividend of Rs 3.25 per equity share with a face value of Rs 10 each for the fiscal year 2025-26.March 23, 2026, will be the record date for determining the eligibility...
New Delhi, February 23 Finance Minister Nirmala Sitharaman said on Monday that the government does not have any plan for mergers of public sector banks.However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget 2026-27, will look into the topic and other aspects, she...
banking
banking sector
budget 2026-27
economic growth
fdi (foreign direct investment)
financial stability
high-level committee on banking for viksit bharat
india
india's banking sector
nirmala sitharaman
powerfinancecorporation
public sector banks
reserve bank of india
rural electrification corporation
New Delhi, February 11 The proposed merger of state-owned lenders Power Finance Corporation (PFC) and REC Ltd is expected to improve access to financing for India's renewable energy developers, particularly for large and complex projects, CreditSights said on Wednesday.PFC and REC, both public...
debt financing
nbfcs
powerfinancecorporationpower sector lending
rbi (reserve bank of india)
rec ltd
renewable energy financing
renewable projects
tier 1 capital
transmission and distribution