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The latest announcement is out from Power Finance Corporation Limited ( (IN:PFC) ).
Power Finance Corporation’s wholly owned unit PFC Consulting Limited has incorporated four new special purpose vehicles—Babai Transmission, Bikaner Transmission, Humnabad Power Transmission, and Hebbani Power Transmission—as wholly owned subsidiaries. These entities are tied to high-voltage transmission systems in Rajasthan and Karnataka, where state authorities have nominated PFC Consulting as Bid Process Coordinator for tariff-based competitive bidding.
Under India’s transmission bidding guidelines, the Bid Process Coordinator must form SPVs to handle preparatory work such as surveys, project profiling, land acquisition and forest clearances where needed. Once bidding is completed, these SPVs will be transferred to the winning developers, who will then build and operate the projects, reinforcing PFC’s central role in structuring independent transmission assets without directly owning the final projects.
More about Power Finance Corporation Limited
Power Finance Corporation Limited is an Indian state-owned non-banking financial company focused on financing the power sector, operating through subsidiaries such as PFC Consulting Limited. The group plays a key role in enabling development of power infrastructure, including independent transmission projects, via tariff-based competitive bidding across multiple states.
Average Trading Volume: 405,911
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1434.6B INR
See more insights into PFC stock on TipRanks’ Stock Analysis page.