Power Finance Corporation Limited has informed the Exchange about Strike off and Dissolution of Ghogarpalli Integrated Power Company Limited (GIPCL) wholly owned subsidiary of Power Finance Corporation Limited.
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Power Finance Corporation Ltd (PFC) has informed the exchange that its wholly owned subsidiary, Ghogarpalli Integrated Power Company Limited (GIPCL), has been struck off by the Registrar of Companies with effect from 16 March 2026 under Section 248 of the Companies Act, 2013. GIPCL was incorporated in 2008 as a Special Purpose Vehicle (SPV) to set up a 4,000 MW Ultra Mega Power Project in Odisha, but the project was later decided to be closed. The Ministry of Power approved the winding up in November 2025, and MCA subsequently approved the strike off. PFC has clarified that GIPCL was not a material subsidiary.
This is a routine corporate housekeeping exercise with negligible impact on shareholders. Since the subsidiary was a dormant SPV tied to a project that was already shelved, its dissolution simplifies PFC's corporate structure without materially affecting operations, earnings, or stock price.