power sector finance – newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

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.

UPPCL Finance Director Highlights Commercial Risk Management at Energy Regulatory Conference

Newsmantra — Tue, 16 Jun 2026 12:21:23 +0000

NEW DELHI. Shri Nidhi Kumar Narang, Director (Finance), Uttar Pradesh Power Corporation Limited (UPPCL), participated in the Mission Energy Regulatory Conference held on June 13, 2026, where she shared insights on managing commercial risks in the power sector and strategies for minimizing disputes and litigation. During her address, Narang highlighted key learnings from recent orders of the Central Electricity Regulatory Commission (CERC) and the Appellate Tribunal for Electricity (APTEL), emphasizing the importance of proactive regulatory compliance, sound contractual practices and effective risk management in ensuring financial sustainability and operational efficiency in the power sector.

Awanish Bharati, GM (Finance), REC conferred with prestigious ICPA Treasury Excellence Award

Newsmantra — Thu, 22 Jan 2026 11:44:00 +0000

REC Limited, a Maharatna Company under the Ministry of Power, is proud to announce that Shri Awanish Kumar Bharati, General Manager (Finance), REC Limited, has been conferred with the prestigious ICPA Treasury Excellence Award in recognition of his exceptional achievements and leadership in the field of Treasury Management.

The award was presented during the National Finance Conclave and Awards 2026, held at the iconic Vigyan Bhawan, New Delhi. The honour was bestowed upon Shri Bharati by Smt. Meenakshi Lekhi, Former Minister of State for External Affairs, and Dr. Harsh Vardhan, Former Minister of Environment, Forest and Climate Change (MOEFCC), in the presence of eminent leaders from the finance, banking, and policy-making fraternity.

The ICPA Treasury Excellence Award is regarded as one of the most respected recognitions in the finance domain, celebrating professionals who demonstrate outstanding expertise, strategic vision, and impactful leadership in treasury and financial management.

REC Limited remains committed to fostering professional excellence and continues to support initiatives that strengthen India’s financial and power sector ecosystem.