Budget Boost: PFC, REC Rally 6% on Restructuring Plan Announcement
1 Feb 2026 12:52 PM IST1 Feb 2026 12:52 PM IST
This restructuring is part of a larger effort to enhance the capabilities of public sector financial institutions amidst a declining market.
People check out televisions at a store, during the presentation of the Union Budget 2026-27 by Union Finance Minister Nirmala Sitharaman, in Kolkata, Sunday, Feb. 1, 2026. (PTI Photo/Swapan Mahapatra)
New Delhi: Shares of PFC and REC surged up to 6 per cent on Sunday after Finance Minister Nirmala Sitharaman announced the restructuring of the two state-run entities as part of the government's public sector financial institution strengthening.
The scrip of Power Finance Corporation (PFC) climbed 5.90 per cent to Rs 401.75 apiece, while REC advanced 4.3 per cent to Rs 380 on the BSE.
Meanwhile, markets is trading in the negative territory, with the 30-share BSE Sensex plunged 450.04 points, or 0.55 per cent, to 81,819.74 in the late morning trade.
In her Union Budget 2026-27 speech, Sitharaman proposed restructuring of REC Ltd (formerly Rural Electrification Corporation) and Power Finance Corporation (PFC) as part of the government's public sector financial institution strengthening.
PFC and REC plays a key role in funding power generation, transmission and distribution projects.
( Source : PTI )
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