Announced Mon, 22 Jun · 18:46 IST
Subsidiary Bihar Infrapower Limited struck off by MCA
Strategic Transactions View source PDF
PFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹441.00
prior close
₹443.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.6-0.5-0.9-0.7-1.7-3.6-3.4-2.5-3.7-8.0-7.1——
Up moveDown movePending
AI summary
PFC's wholly owned subsidiary Bihar Infrapower Limited has been struck off and dissolved by the Registrar of Companies under section 248 of the Companies Act 2013. Bihar Infrapower was an SPV set up in 2015 to hold licenses and land for the Banka Ultra Mega Power Project in Bihar, which was later closed. Ministry of Power approved the closure in Nov 2025. The entity was not a material subsidiary of PFC.
Likely market impact
Routine housekeeping. A non-material dormant SPV tied to a shelved power project is being wound up. No material impact on PFC or shareholders.