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PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant
Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved capital allocation, positioning the new giant for significant growth.
India sets sights on easier N-plant site selection
India is streamlining the site selection process for new nuclear power plants to accelerate atomic energy expansion. A simplified checklist approach is being explored, shifting initial site evaluation responsibility to private developers. This aims to cut lengthy approval times, crucial for achieving ambitious capacity targets and encouraging private sector participation in nuclear generation.
SWSOLAR JV wins USD 560 million solar project in Egypt
Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt.
Lineage Power signs supply agreement with Guangzhou Rongjie Energy Technology Co.
To procure 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
India needs 2,000 GW new power capacity in 20 years, says Adani Green's Sagar Adani
India needs to add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising demand and reduce reliance on imported fuels, according to Adani Green Energy Executive Director Sagar Adani. He emphasized that electrification, supported by renewables, hydro, thermal, and nuclear power, is the clearest path to energy security, affordability, and sustainability for the nation.
Power Grid commissions project for Solar Energy Zone in Ananthapur and Kurnool
Power Grid Corporation of India announced that project namely Transmission scheme for Solar Energy Zone in Ananthpuram (Ananthapur) (2500 MW) and Kurnool (1000 MW), Andhra Pradesh (Project) has been completely commissioned with effect from 24 June, 2026.
Bluspring Enterprises bags O&M contract worth Rs 406 crore from Vedanta Power
Bluspring Enterprises said that its wholly-owned step-down subsidiary STEAG Energy Services (India) has received an extension of contract for operations and maintenance of a 600 MW thermal power plant from Vedanta Power.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
Suzlon secures 400 MW wins energy project in Andhra Pradesh
From Tata Power Renewable Energy
Suzlon crosses 1 GW in cumulative orders with Tata Power after new 400 MW EPC contract
Suzlon Energy has bagged a significant 400 MW wind energy EPC contract from Tata Power Renewable Energy Limited (TPREL). This latest deal, to be executed in Andhra Pradesh, pushes their combined order book past 1 GW. Suzlon will supply 127 advanced wind turbine generators and provide comprehensive project services, marking their fourth collaboration with TPREL and bolstering Suzlon's presence in Andhra Pradesh.