Incorporation of Wholly owned Subsidiary of PFC Consulting Limited (A Wholly Owned Subsidiary of PFC)
PFC · price
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Awaiting price reaction for this filing.
Power Finance Corporation Ltd (PFC) informed that Alibag Power Transmission Limited has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The SPV has been set up for the establishment of a 765/400/220 kV AIS substation at Dolvi in Raigad district, Maharashtra. Maharashtra State Electricity Transmission Company Limited (MSETCL) had appointed PFCCL as the Bid Process Coordinator (BPC) via Letter of Intent dated 14 August 2025 for selecting a developer through tariff-based competitive bidding. The SPV will carry out preparatory activities like surveys, land acquisition, and forest clearances, and will eventually be transferred to the successful bidder after the bidding process concludes.
This is a routine procedural step in PFC's transmission project advisory business and is unlikely to have any material impact on the stock price or shareholders. The SPV is a temporary vehicle meant to be handed over to the winning bidder, so PFC/PFCCL will not retain it long-term.