Power Finance Corporation Ltd. (PFC) has received the crucial approval from the Hon’ble President of India for the proposed merger of REC Limited into PFC. This development follows an earlier intimation on May 16, 2026, regarding the Board of Directors’ decision to seek presidential consent. The Ministry of Power conveyed this final approval via a letter dated June 10, 2026, marking a significant step towards the consolidation of the two entities.
Presidential Approval Secured for REC Merger
Power Finance Corporation Ltd. (PFC) has officially obtained the necessary approval from the Hon’ble President of India for its proposed merger with REC Limited. This significant development was communicated by the Ministry of Power through a letter dated June 10, 2026.
Milestone in Consolidation
The approval from the President of India marks a critical milestone for PFC’s strategic initiative to merge REC Limited into its operations. This decision follows an earlier intimation provided by PFC on May 16, 2026, which detailed the Board of Directors’ resolution to seek the presidential nod for this merger proposal.
Submission for Record
This notification is submitted for the information and record of the concerned authorities, signifying the culmination of a key procedural step in the merger process.
Source: BSE
