Power Finance Corporation Limited has informed the Exchange about Incorporation of wholly owned Subsidiary of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) SASWAD TRANSMISSION LIMITED
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Finance Corporation (PFC) has informed the exchange that its wholly owned subsidiary, PFC Consulting Limited (PFCCL), has incorporated a new Special Purpose Vehicle (SPV) called Saswad Transmission Limited. The SPV has been set up for the development of a 400/220 kV transmission system at Saswad in Pune district, Maharashtra. Maharashtra State Electricity Transmission Company Limited (MSETCL) had issued a Letter of Intent on March 19, 2025, appointing PFCCL as the Bid Process Coordinator for selecting a Transmission Service Provider through tariff-based competitive bidding. The SPV will handle preparatory activities such as land acquisition and forest clearances, and will later be transferred to the successful bidder selected through competitive bidding. This is part of the standard process followed by PFC's consulting arm for transmission infrastructure projects.
This is a routine operational update and is part of PFC's regular consulting/advisory business through PFCCL. The SPV is a temporary vehicle that will eventually be transferred to a successful bidder, so there is no material direct impact on PFC's financials or shareholder value.