The proposed acquisition of Power Finance Corporation (PFC) by state-run Rural Electrification Corporation (REC) would require the approval of banking regulator RBI and competition watchdog CCI, an official said.
The finance and power ministries have been holding hectic parleys for the proposed merger and acquisition between the two power sector companies, which are Non-Banking Finance Companies (NBFCs) providing funds for power projects.
Once the proposal is cleared by the power ministry, it would be taken to the cabinet for the final approval. Read More
Latest posts by The Hindu Businessline (see all)
- NHPC, NLC forge power trading agreement - February 21, 2019
- Keeping An Eagle Eye On Oil And Gas Pipelines - February 19, 2019
- Centre Confident That Gujarat Will Offer Land To Wind Energy Projects - February 19, 2019