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REC Limited ( (IN:RECLTD) ) has provided an update.
REC Limited has clarified to stock exchanges that recent media reports suggesting a proposed merger between Power Finance Corporation (PFC) and REC are not based on any information or discussions involving the company. The company stated it is not engaged in any such negotiations and is unaware of any undisclosed information that could explain trading movements in its securities. REC highlighted that the only formal development is the Union Budget 2026-27 announcement, in which the Finance Minister proposed restructuring PFC and REC to achieve scale and efficiency in public sector NBFCs; this matter will be deliberated in the company’s next board meeting, indicating that any potential restructuring remains at a preliminary policy stage with implications yet to be defined for stakeholders.
More about REC Limited
REC Limited is a Government of India enterprise classified as a Maharatna company and a government company under the Companies Act, 2013. It operates as a public sector non-banking financial company (NBFC) with a core focus on financing power and rural electrification projects across India, supporting infrastructure development in the energy sector.
Average Trading Volume: 453,276
Technical Sentiment Signal: Hold
Current Market Cap: 959.4B INR
For detailed information about RECLTD stock, go to TipRanks’ Stock Analysis page.