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PFC Marks Its 41st Foundation Day

Newsmantra — Mon, 20 Jul 2026 07:31:16 +0000

NEW DELHI. PFC celebrated its 41st Foundation Day on 16th July 2026, honoring over four decades of powering India’s infrastructure. CMD Smt. Parminder Chopra delivered the inaugural address. The event was attended by Director (Govt. Nominee) Shri Shashank Misra, Director (Finance) Shri Rajesh Kumar Agarwal, Director (Commercial) Shri V. Packirisamy, CVO Shri Rajesh Kumar Singh, and Independent Director Shri Pankaj Gupta.

The occasion highlighted PFC’s journey of sustained growth and its continued commitment to nation-building. PFC expresses its sincere appreciation to its employees, stakeholders, partners, and all those who have contributed to making it the country’s largest NBFC group.

PFC and REC Boards Approve Merger Scheme to Create Rs 11 Lakh Crore Lending Giant

Newsmantra — Tue, 30 Jun 2026 06:13:04 +0000

NEW DELHI. The Boards of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) have approved a Scheme of Merger under the Companies Act, 2013, for the amalgamation of REC into PFC, subject to the approval of shareholders, creditors, regulatory and government authorities, and the condition that the merged entity continues to qualify as a Government Company with the Government of India retaining majority control. The proposed merger will create one of the country’s largest infrastructure financing institutions with a combined loan book exceeding Rs 11 lakh crore. As per the approved valuation report, REC shareholders will receive 88 fully paid equity shares of PFC of Rs 10 each for every 100 fully paid equity shares of REC of Rs 10 each held on the record date, which will be announced by the Boards of the two companies at a later stage.

Presidential Nod for REC and PFC Amalgamation

Newsmantra — Thu, 11 Jun 2026 13:17:55 +0000

NEW DELHI. In a major development for the power sector, REC Limited announced that the Ministry of Power has conveyed the competent authority’s approval for its proposed merger into Power Finance Corporation Limited. This follows a decision by REC’s Board on May 16, 2026, to reserve the proposal for the President of India’s approval. The formal regulatory disclosure was submitted to the stock exchanges under Regulation 30 of the SEBI Listing Regulations.

PFC Felicitates Corporate Communications Icon S. Srinivasa Rao on Superannuation

Newsmantra — Mon, 01 Jun 2026 11:22:43 +0000

NEW DELHI. Shri S. Srinivasa Rao, Chief General Manager (PR) of Power Finance Corporation (PFC), has superannuated after an illustrious career spanning over 30 years. To honour his long-standing dedication, PFC organized an in-house gathering where the Chairman and Managing Director (CMD), Ms. Parminder Chopra and other senior officials , felicitated Shri Rao for his exceptional contributions and unwavering commitment to the organization. In an official social media post, PFC acknowledged his professionalism as a vital driver of the company’s growth, noting that his leadership in corporate communications and public relations significantly enhanced the corporation’s public visibility and strengthened stakeholder engagement over the last three decades.

A highly respected figure in the media and PR fraternity, Shri Rao is widely recognized for his helpful nature and supportive approach toward journalists and corporate communication professionals alike. He began his career with the Indian Express group in Hyderabad, building a strong foundational expertise that would later define his professional journey in the national capital. For over a decade, he masterfully managed PFC’s media relations, press releases, and public affairs, earning a distinguished and special place within the industry.

Shri Rao’s immense contributions have also earned him stellar national recognition. He was inducted into the prestigious Hall of Fame by the Public Relations Council of India (PRCI) and has served as the Chairman of the Public Relations Society (PRSI), Delhi Chapter, where he actively guided and mentored the PR community. As he steps into a new chapter of retirement, the entire PFC family expressed deep gratitude for his lasting legacy, wishing him a future filled with good health, happiness, and fulfillment.

PFC Hosts Vendor Meet to Boost ‘Make in India’ and Innovation in Power Distribution

Newsmantra — Mon, 18 May 2026 12:41:52 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully organized a Vendor Meet focused on “Make in India & Innovation in Power Distribution Sector” under the Revamped Distribution Sector Scheme (RDSS) at the India International Centre (IIC) on May 13, 2026. The event brought together a wide range of key stakeholders, including industry leaders, Original Equipment Manufacturers (OEMs), advanced system integrators, and power distribution companies (Discoms), to discuss and drive forward innovative, domestic manufacturing solutions for the power sector.

Powering “Make in India”: PFC Hosts Successful Vendor Meet on Distribution Innovation

Newsmantra — Fri, 15 May 2026 06:55:58 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully hosted a Vendor Meet at the India International Centre (IIC) on May 13, 2026, to drive the “Make in India” initiative and foster innovation within the power distribution sector. Organized under the Revamped Distribution Sector Scheme (RDSS), the event brought together a diverse group of stakeholders, including industry leaders, original equipment manufacturers (OEMs), advanced system integrators, and representatives from various power distribution companies (Discoms). The gathering focused on collaborative strategies to modernize India’s power infrastructure through local manufacturing and cutting-edge technology, ensuring a more efficient and self-reliant energy future for the nation.