Will support if govt decides to consolidate infra financiers, says REC

Reports suggest that the government is looking at consolidation in the infrastructure financing space by mulling a merger between India Infrastructure Finance Company Limited (IIFCL), Rural Electrification Corporation (REC), IFCI and Power Finance Corporation (PFC).

In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.

Will support if government decides to consolidate the infrastructure financiers, he said.

Call for consolidation will be taken by the government, he added.