Mumbai, Feb. 1 -- Shares of REC and Power Finance Corp rose after Finance Minister Nirmala Sitharaman announced proposals to restructure both companies.

REC (up 3.13%) and Power Finance Corporation (up 3.08%) edged higher in trade.

In her latest Budget speech, the FM announced significant restructuring plans for two major power sector financial institutions.

The proposed overhaul will target Power Finance Corporation and REC, marking a key policy initiative in the government's power sector strategy.

Published by HT Digital Content Services with permission from Capital Market....