Archive · 1 Feb 2026
PFC, REC Shares Surge 6% on Restructuring Plan
The shares of two big government companies, PFC and REC, went up by about 6% on Sunday.
This happened because the Finance Minister, Nirmala Sitharaman, said the government will restructure these companies to make them stronger.
PFC's share price went up to Rs 401.75, and REC's share price went up to Rs 380 on the BSE stock exchange.
This is good news for the companies and their investors.
Shares of PFC and REC surged up to 6% on Sunday.
PFC's share price increased by 5.90% to Rs 401.75.
REC's share price advanced by 4.3% to Rs 380.
The surge followed Finance Minister Nirmala Sitharaman's announcement of restructuring.
The restructuring is part of the government's plan to strengthen public sector financial institutions.
- Who
- Power Finance Corporation (PFC) and Rural Electrification Corporation (REC)
- What
- Shares surged up to 6% due to restructuring plan announcement
- When
- Sunday
- Where
- New Delhi, India
- Why
- Government's plan to strengthen public sector financial institutions
- Companies
- Power Finance Corporation (PFC), Rural Electrification Corporation (REC)
- Stock Increase
- PFC: 5.90%, REC: 4.3%
- Stock Prices
- PFC: Rs 401.75, REC: Rs 380
- Exchange
- BSE
- Announcement By
- Finance Minister Nirmala Sitharaman
- Purpose
- Restructuring of state-run financial institutions
