Power Finance Corporation Merger & Restructuring
PFC's subsidiary incorporated a wholly owned SPV, Northern Region Power Transmission Limited, for a grid transmission project. It will transfer to the successful bidder after competitive bidding.
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18 announcements
PFC's subsidiary incorporated a wholly owned SPV, Northern Region Power Transmission Limited, for a grid transmission project. It will transfer to the successful bidder after competitive bidding.
Power Finance Corporation transferred three wholly-owned subsidiaries of its subsidiary, PFC Consulting Limited, to successful bidders for an aggregate consideration of ₹58.48 Crore.
PFC transferred subsidiary Satara Power Transmission Limited to Adani Energy Solutions for Rs.19.01 Crore. The transmission SPV sale completed on 06.10.2026.
PFC transferred its wholly-owned subsidiaries, Latur REZ Transmission Ltd and Raigad Power Transmission Ltd, to external bidders for a total consideration of ₹11.12 Crore.
Power Finance Corporation has incorporated Malegaon Power Transmission Limited as a wholly-owned step-down subsidiary. This SPV will facilitate a 400/220 kV transmission project in Nashik, Maharashtra.
PFC transferred its subsidiary, Fatehgarh II Transmission Limited, to Power Grid Corporation of India Limited for ₹19.11 Crore. This divestment completes the transfer process of the SPV.
Power Finance Corporation has received a No Objection Certificate (NOC) from its debenture trustee, Beacon Trusteeship, regarding the proposed merger of REC Limited into PFC.
PFC sold two wholly-owned transmission subsidiaries, Ananthpuram and Krishnagiri REZ, to Apraava Energy and Power Grid respectively for a combined Rs. 39.44 Crore.
PFC Consulting Limited has incorporated a wholly owned subsidiary, Kushtagi Transmission Limited. The SPV will develop a transmission system in Koppal District.
PFC transferred its subsidiary Kakinada I Transmission Limited to Power Grid Corporation of India. The transaction consideration was ₹20.57 Crore.
PFC Projects Limited, a wholly-owned subsidiary of Power Finance Corporation, has been struck off and dissolved by the RoC. The closure follows a lack of future business opportunities.
Power Finance Corporation transferred its subsidiary, Tumkur II RE Transmission Limited, to Power Grid Corporation of India for ₹15.46 Crore. The successful divestment followed a bidding process.
Power Finance Corporation transferred its subsidiary Kurnool IV REZ Power Transmission to Resonia Limited. The transaction realized ₹20.94 Crore following a successful bidding process.
PFC transferred its subsidiary NERGS III Siang Basin Transmission Limited to Dineshchandra R. Agrawal Infracon for ₹19.71 Crore. The divestment followed a successful bidding process.
Power Finance Corporation incorporated Pune West Power Transmission Limited as a wholly owned subsidiary SPV. The entity will develop a 765 kV transmission system project.
Power Finance Corporation Ltd incorporated a new wholly owned subsidiary, Fatehgarh II Transmission Limited, through its subsidiary PFCCL. The SPV will handle the installation of synchronous condenser units in Rajasthan. This entity will eventually be transferred to a successful bidder selected through a tariff-based competitive bidding process.
Power Finance Corporation Limited has incorporated five wholly owned subsidiaries through its subsidiary, PFC Consulting Limited. These Special Purpose Vehicles (SPVs) will develop specific independent transmission projects in Gujarat, Andhra Pradesh, and Tamil Nadu. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.
Power Finance Corporation Ltd incorporated four new wholly owned subsidiaries through its arm, PFC Consulting Limited. These Special Purpose Vehicles will develop transmission projects in Rajasthan and Karnataka. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.