The central government has constituted a high-level committee and a working group to monitor and study the merger of Power Finance Corporation Limited (PFC) and REC Limited.
The committee will oversee progress on the merger, while the working group will examine integration modalities and submit recommendations. The working group will provide inputs on personnel integration, corporate and functional restructuring, technology integration and harmonising stakeholder interests. The merger proposal follows the Union Budget 2026–27 statement on achieving scale and improving efficiency in public sector non-banking financial companies.