Incorporation of four wholly owned Subsidiaries of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited)- (i) BABAI TRANSMISSION LIMITED (ii) BIKANER TRANSMISSION LIMITED (iii) HUMNABAD POWER TRANSMISSION LIMITED (iv) HEBBANI POWER TRANSMISSION LIMITED
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Power Finance Corporation's wholly owned subsidiary PFCCL has incorporated four Special Purpose Vehicle (SPV) companies as transmission project entities. These include Babai Transmission Limited and Bikaner Transmission Limited for 765kV projects in Rajasthan, and Humnabad Power Transmission Limited and Hebbani Power Transmission Limited for 400kV projects in Karnataka. PFCCL was nominated as Bid Process Coordinator by state governments for these Independent Transmission Projects under tariff-based competitive bidding. These SPVs will handle preparatory activities like land acquisition and forest clearances before being transferred to successful bidders selected through competitive bidding.
This is an administrative filing setting up temporary project entities that will eventually be sold to successful bidders. It does not directly impact PFC's revenue or earnings as these SPVs are meant to be transferred post-bidding. The announcement reflects ongoing transmission infrastructure development activity in Indian power sector.