PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power Finance Corporation Ltd has announced that a Special Purpose Vehicle (SPV) named 'Fatehgarh II Transmission Limited' has been incorporated as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which itself is a wholly owned subsidiary of PFC. The SPV has been set up to develop a transmission scheme involving installation of 2 Synchronous Condensers units at the 765/400/220 kV Fatehgarh-II Power Station. PFCCL has been nominated as the Bid Process Coordinator by the Ministry of Power for this project under the Tariff Based Competitive Bidding process. The SPV will handle preparatory activities including surveys, land acquisition, and forest clearance before being transferred to the successful bidder who will develop the project.
This is a routine administrative announcement about subsidiary formation for transmission project development. The SPV will be sold to a successful bidder post-bidding, so this has no direct impact on PFC's revenue or shareholding structure.