Subsidiary15 Oct 2026, 04:44 pm
PFC Incorporates Wholly Owned Subsidiary Kadapa II REZ Transmission
AI Summary
Power Finance Corporation Ltd (PFC) has announced the incorporation of Kadapa II REZ Transmission Limited as a wholly-owned subsidiary of its subsidiary, PFC Consulting Limited (PFCCL). This Special Purpose Vehicle (SPV) will undertake preparatory activities for the Kadapa-II REZ transmission project, including surveys, land acquisition, and forest clearance processes. PFCCL has been nominated as the Bid Process Coordinator (BPC) by the Ministry of Power for this project, which will be transferred to the successful bidder selected through tariff-based competitive bidding.
Key Highlights
- PFC Consulting Ltd incorporated a new wholly-owned subsidiary.
- The subsidiary, Kadapa II REZ Transmission Ltd, will support a transmission project.
- PFC Consulting is the nominated Bid Process Coordinator for the project.
- The SPV will handle project preparatory activities and land acquisition.
- The SPV will be transferred to the selected bidder post-bidding.
Price Impact
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