Announced Mon, 13 Jul · 14:03 IST
Incorporation of SPV for Satara Power Transmission project
Business Updates View source PDF
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹406.60
prior close
₹404.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.0+0.1-0.1+0.6-0.3-1.1-0.5+1.7+1.1————
Up moveDown movePending
AI summary
PFC's subsidiary PFCCL has incorporated Satara Power Transmission Limited as a wholly owned SPV for a 4500 MW pumped storage transmission project in the Western Region. PFCCL is the Bid Process Coordinator for tariff-based competitive bidding to select a Transmission Service Provider. The SPV will handle land acquisition and forest clearance, and will be transferred to the successful bidder.
Likely market impact
Procedural filing; SPV is a preparatory vehicle to be transferred to the winning bidder, so no direct financial impact on PFC.