Bhaskar Bhattacharya, an independent director at Power Finance Corporation, has resigned. He plans to contest the upcoming assembly elections in West Bengal. Bhattacharya stated his decision was to avoid any potential conflict of interest. He was appointed to the PFC board in May 2025. His resignation was effective April 1, 2026. He will be a candidate from the Serampore constituency.

Power Finance Corporation Limited has informed that Independent Director Bhaskar Bhattacharya has resigned from its board. The resignation is linked to his proposed candidature in the West Bengal Assembly elections. The company confirmed there are no additional reasons for his exit. Bhattacharya had earlier been appointed as a part-time non-official director for a one-year term.

State-owned lender to the energy sector, Power Finance Corporation’s (PFC) board has approved a plan to borrow up to ₹1.6 trillion (~$17.16 billion) from domestic and international markets through a wide range of instruments for the financial year (FY) 2026-27. As per the plan, the company can raise up to ₹1.1 trillion (~$11.81 billion) through domestic long- and medium-term borrowings, including capital gain bonds, public issues or private placements of taxable or tax-free bonds, debentures and debt securities, fixed or floating rate, non-convertible, infrastructure, inflation-indexed, structured, market-linked, green, social, and ESG bonds.

To streamline the merger of Power Finance Corp and REC Ltd, the Indian power ministry has created two panels. One group will handle integration details, while another will oversee the merger's progress, emphasizing the importance of these firms in India's energy transition efforts.

India is merging two major state-owned power lenders, Power Finance Corp. and REC Ltd. This move is expected to inject more funds into the economy and large-scale power projects. Money managers anticipate increased investment opportunities as the combined entity's bond holdings will be reallocated.

The merger of Power Finance Corporation and REC Ltd is set to boost funding for India's renewable energy projects. Large and complex projects will find financing more accessible. This consolidation will enable greater underwriting capacity and facilitate debt refinancing at competitive rates. Improved grid connectivity for renewables is also anticipated.

Power Finance Corporation's board has approved an in-principle merger with REC, advancing a Union Budget proposal to restructure the two public sector NBFCs. This move aims to achieve scale, improve efficiency, and enhance credit flow to India's power and infrastructure sectors. Both companies have delivered significant multibagger returns over the past three years.

The boards of Power Finance Corporation and REC have given their in-principle approval for a merger. This move follows an announcement in the budget to restructure these public sector NBFCs. The merger aims to create a larger, more efficient lending institution. This will help finance India's growing power sector needs. Detailed proposals will be made after obtaining necessary approvals.

Power Finance Corporation's board has approved a merger with Rural Electrification Corporation. This move aligns with the Union Budget 2026 roadmap. The restructuring aims to achieve scale and improve efficiency in public sector power financiers. The merger will consolidate both entities into a single balance sheet. This significant step is set to reshape India's power financing landscape.