
Subsidiary22 Jun 2026, 06:50 pm
Power Finance Corporation Subsidiary Bihar Infrapower Struck Off
AI Summary
Power Finance Corporation Limited (PFC) has announced the strike off and dissolution of its wholly-owned subsidiary, Bihar Infrapower Limited. The subsidiary was struck off by the Registrar of Companies under Section 248 of the Companies Act, 2013. Bihar Infrapower Limited was incorporated on June 30, 2015, as a Special Purpose Vehicle (SPV) to hold assets for the Banka Ultra Mega Power Project in Bihar. The project was subsequently closed, and the Ministry of Power approved the company's closure on November 27, 2025. PFC has confirmed that Bihar Infrapower Limited was not a material subsidiary.
Key Highlights
- PFC's wholly-owned subsidiary, Bihar Infrapower Limited, has been dissolved.
- The subsidiary was a SPV for the now-closed Banka UMPP project in Bihar.
- Bihar Infrapower was not a material subsidiary of PFC.
- The strike-off was approved by the Ministry of Power and MCA.
Price Impact
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