PFC appoints Ravinder Dhillon as director projects

PFC appoints Ravinder Dhillon as director projects

Ravinder Singh Dhillon took over as director (projects) in Power Finance Corporation, the company said in a statement. Presently serving as an executive director in PFC, Dhillon has more than 34 years of experience in various areas of power sector.

PFC acquires government stake in REC; stocks surge up to 8%

PFC acquires government stake in REC; stocks surge up to 8%

Shares of state-owned Power Finance Corporation (PFC) and REC rallied by up to 8 per cent on the BSE in the intra-day trade on Monday after PFC announced the acquisition of the Centre’s 52.63 per cent paid-up share capital in REC. The board of directors approved the acquisition cost of about Rs 14,500 crore.

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