Subsidiary22 Oct 2026, 11:20 am
PFC Consulting Incorporates Wholly Owned Subsidiary
AI Summary
Power Finance Corporation Limited (PFC) announced the incorporation of 'Northern Region Power Transmission Limited' as a wholly owned subsidiary of its subsidiary, PFC Consulting Limited. This Special Purpose Vehicle (SPV) will undertake preparatory activities for a transmission project in the Northern Region Grid, including land acquisition and forest clearance, as nominated by the Ministry of Power. The SPV will be transferred to the successful bidder selected through a tariff-based competitive bidding process.
Key Highlights
- PFC Consulting Limited has incorporated a new wholly owned subsidiary.
- The subsidiary, Northern Region Power Transmission Limited, will support a transmission project.
- Activities include land acquisition and forest clearance processes.
- The SPV will be transferred to the selected bidder.
- PFC Consulting is the nominated Bid Process Coordinator for the project.
Price Impact
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