PFC and REC Boards to Review Proposed Merger Scheme on June 28

The Power Finance Corporation (PFC) will review a proposed merger with Rural Electrification Corporation (REC) on June 28.

The proposed merger is related to Bihar Infrapower, a subsidiary of Bihar State Power Transmission and Distribution Company Limited. However, the company has been struck off by the Registrar of Companies following approval by the Ministry of Power.
* The merger will be reviewed by the Board of Directors of PFC and REC on June 28.
* The company has been struck off by ROC following approval by the Ministry of Power.
* PFC is a leading finrut cris enson providing financing for power sector projects.
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