India's power finance stocks rise as federal budget proposes restructuring sector
01/02/2026 06:09
Corrects headline and second bullet point to say budget proposes restructuring of PFC and REC, not power finance sector ** Indian power finance stocks PFC and REC rise between 3.5% and 5% ** Indian Finance Minister Nirmala Sitharaman announced the restructuring of Power Finance Corporation PWFC.NS and Rural Electric Corporation RECM.NS in the fiscal 2027 budget ** REC Ltd shares up 3.6% and Power Finance Corp Ltd up 4.1% (Reporting by Brijesh Patel in Bengaluru) ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
Recent news on REC
See all newsIndia's REC raises short-term funds at more than 8% for first time in seven years
India's REC drops to three-year low on Q2 profit fall
India New Issue-REC accepts bids for over 5-year bonds, bankers say
Brief: REC Sept-Quarter Consol Net Profit 34.78 Billion Rupees
India New Issue-REC to issue over 5-year bonds, bankers say