REC Limited and Power Finance Corporation Limited (PFC) have announced that their respective Boards of Directors have approved the proposal for the merger of REC into PFC, subject to the approval of the Hon’ble President of India in accordance with their Articles of Association. In separate exchange filings, both state-owned non-banking financial companies (NBFCs) said…
Power Finance Corporation (PFC) has announced its audited financial results for FY2025-26, reporting growth across its standalone and consolidated loan portfolios while maintaining stable asset quality. On a standalone basis, PFC reported profit before tax of Rs 24,774 crore for FY2025-26. Loan assets outstanding stood at Rs 5,74,018 crore, while total assets reached Rs 6,18,515…
REC Limited has appointed Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer (CFO), effective April 2, 2026. The company’s Board of Directors approved the appointment at its meeting held on April 15, 2026. The move follows an intimation submitted by REC to the stock exchanges on April 2, 2026. Shri Rajesh Kumar’s elevation…
The board of REC Limited has approved a market borrowing programme of up to Rs 1.6 lakh crore for the financial year 2026-27 (FY27), the company said in a stock exchange filing. The programme includes long-term bonds and non-convertible debentures (NCDs), external commercial borrowings (ECBs) including foreign currency term loans, green bonds and ESG bonds,…
The board of NHPC Ltd has approved a plan to raise up to Rs 8,000 crore during the financial year 2026-27 (FY27). The funds will be mobilised through secured or unsecured non-convertible corporate bonds via private placement, along with term loans or external commercial borrowings, according to a regulatory filing. The decision was taken at…