India Considers Merging Two State-Owned Power Lenders
Smoke rises from a chimney at the Tata Power Co. Trombay Thermal Power Station in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India Considers Merging Two State-Owned Power Lenders

(Bloomberg) -- India is considering a proposal to combine two state-run lenders to utilities, REC Ltd. and Power Finance Corp., according to people familiar with the discussions, as it seeks to rai...
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