Subsidiary28 Sept 2026, 10:45 am
Power Finance Corporation Incorporates New Subsidiary
AI Summary
Power Finance Corporation Limited (PFC) has announced the incorporation of 'Malegaon Power Transmission Limited' as a wholly-owned subsidiary of its subsidiary, PFC Consulting Limited. This Special Purpose Vehicle (SPV) is established to undertake preparatory activities for the establishment of a 400/220 kV Malegaon (Saundane) Sub-Station. These activities include surveys, land acquisition, and forest clearance processes, as mandated by the Ministry of Power for Independent Transmission Projects selected through tariff-based competitive bidding. The SPV will be transferred to the successful bidder selected via international competitive bidding.
Key Highlights
- PFC Consulting Limited, a subsidiary of PFC, has incorporated a new SPV.
- The SPV, Malegaon Power Transmission Limited, will manage project preparatory activities.
- This is for establishing a 400/220 kV Sub-Station in Malegaon, Nashik.
- The SPV will be transferred to the selected bidder post-bidding process.
Price Impact
More from PFC