Power Finance Corporation Limited has informed the Exchange regarding ''Strike off and Dissolution of Sakhigopal Integrated Power Company Limited (SIPCL) wholly owned subsidiary of Power Finance Corporation Limited.
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PFC's wholly owned subsidiary Sakhigopal Integrated Power Company Limited (SIPCL) has been struck off the records by the Registrar of Companies effective March 9, 2026, under Section 248 of the Companies Act, 2013. SIPCL was incorporated in May 2008 as a Special Purpose Vehicle for a proposed 4000 MW Ultra Mega Power Project in Odisha, but the project was later shelved. The Ministry of Power approved the closure of the SPV in November 2025, after which PFC filed the required documents with MCA. PFC has clarified that SIPCL was not a material subsidiary.
Minimal impact for shareholders — SIPCL was a non-material, dormant SPV for a project that never took off, so there is no meaningful financial fallout. The strike-off simply cleans up PFC's corporate structure by removing an inactive subsidiary.