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Rajiv Ranjan Jha appointed as nominee director of PFC on REC board
Power Finance Corporation welcomes Rajiv Ranjan Jha as its newly appointed nominee director on the board of REC, effective April 6, 2026. With a rich history at PFC since March 1997, Jha is currently the Director of Projects.
Govt explores options to retain 51% stake in merged PFC-REC entity
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
Five Stocks To Buy: Jio Financial Services, REC, PB Fintech, Finolex Cables And Eternal
Top picks include financial services player Jio Financial Services, state-run power financier REC, fintech major PB Fintech (Policybazaar), along with Finolex Cables and Eternal.
Dilip Buildcon bags Rs 1,850-cr transmission project in Karnataka
Dilip Buildcon has secured a letter of intent (LoI) worth Rs 1,850 crore from REC Power Development and Consultancy (RECPDCL) to develop a 400 kV substation at Mekhali along with associated transmission lines in Belagavi district, Karnataka.
Sensex stocks: HDFC Bank, TCS, Asian Paints, IndiGo, Trent hit 52-week lows
Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war
Centre sets up high-level panel to steer merger of Power Finance Corporation, REC
A high-level committee and a working group have been established to oversee and study the merger of Power Finance Corporation (PFC) and REC. This move aims to enhance scale and efficiency in public sector NBFCs, with the new entity remaining government-owned. The working group will focus on integration aspects, while the committee monitors progress for a smooth transition.
Buzzing Stocks: Dr Reddy's up 3% despite USFDA observations; Persistent slips 8% on Nagarro acquisition
Power Finance Corporation (PFC) declined about 2 percent after its board approved the scheme of amalgamation of REC with PFC, subject to regulatory and shareholder approvals.
Taking Stock: Markets continue to see sell-off amid crude surge; rupee at record low
More than 850 stocks touched their 52-week low, including Swan Corp, Interglobe Aviation, GNFC, PNB Housing Finance, Birla Corp, BLS International, Sterling Wilson, RHI Magnesita, Just Dial, Asian Paints, Nuvoco Vistas, REC, Berger Paints, JK Lakshmi Cement, Rashtriya Chemicals, GAIL, Inox Wind, among others.