This is with reference to your email dated February 03, 2026 seeking clarification on recent news item appeared in 'https://economictimes.indiatimes.com' I 'www.economictimes.com'' dated February 2/3, 2026. captioned ··Govt. considering merger of state-run entities PFC and REC'. In this context, the following is submitted On December 06, 2018, the Cabinet Committee on Economic Affairs (CCEA), gave its 'In Principle' approval for PFC to acquire 52.63% Govt's holding in REC along with transfer of management control. Accordingly, PFC acquired REC in March, 2019 and PFC became the promoter of REC and REC became the subsidiary of PFC On February 01, 2026, Hon 'ble Finance Minister directly announced the following during Union Budget 2026