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Power Finance Corporation arm incorporates three wholly-owned subsidiaries; Stock down 1.5%

Three Special Purpose Vehicle (SPV) Companies have been incorporated as wholly-owned subsidiaries of PFC Consulting Limited.

May 11, 2022 10:38 IST | India Infoline News Service
Power Finance Corporation has informed to the exchanges regarding incorporation of three wholly-owned subsidiaries by the company.

As per the filing, following three Special Purpose Vehicle (SPV) Companies have been incorporated as wholly-owned subsidiaries of PFC Consulting Limited ( a wholly owned subsidiary of Power Finance).
  • Siot Transmission Limited is incorporated for "creation of 400/200 kV, 2x315 MVA S/S at Siot, Jammu & Kashmir.
  • Fatehgarh III Beawar Transmission Ltd for development of "Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase III Part G".
  • Beawar Dausa Transmission Ltd for development of 'Transmission System for evacuation of power f rom REZ in Rajasthan (20GW) under Phase III Part H".
At around 10:41 AM, Power Finance Corporation was trading at Rs108.80 per piece lower by 1.45% on the BSE.

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