PFC Projects Ltd, Subsidiary, Struck Off by RoC

Power Finance Corporation Limited (PFC) has announced the striking off and dissolution of its wholly owned subsidiary, PFC Projects Limited (PPL), by the Registrar of Companies (RoC) effective June 1, 2026. PPL, formerly Coastal Karnataka Power Limited, was initially established for an Ultra Mega Power Project. Its name and object clause were amended in 2022 for participation in Lenders-backed Resolution Plans. However, due to the absence of DIPAM approval, no future business opportunities were anticipated. The Ministry of Power approved the closure on March 13, 2026, leading to the MCA's final approval on June 1, 2026. This action is taken after settling all liabilities.