Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Power Finance Corporation Limited ( (IN:PFC) ) just unveiled an announcement.
Power Finance Corporation Limited has announced the incorporation of FATEHGARH II Transmission Limited as a wholly owned subsidiary of its unit PFC Consulting Limited, to act as a special purpose vehicle for a new transmission scheme. The project involves installing two synchronous condenser units at the 765/400/220 kV Fatehgarh-II pooling station.
PFC Consulting has been designated by the Ministry of Power as Bid Process Coordinator for this tariff-based competitive bidding transmission project, following a recommendation by the National Committee on Transmission. The SPV will undertake preparatory activities such as surveys, land acquisition and clearances, and will later be transferred to the successful bidder, which will ultimately develop and operate the transmission asset.
More about Power Finance Corporation Limited
Power Finance Corporation Limited is a Government of India-owned non-banking financial company focused on funding power sector projects, including generation, transmission and distribution infrastructure. Through its wholly owned subsidiary PFC Consulting Limited, the company also structures and coordinates competitive bids for independent transmission projects across India.
Average Trading Volume: 416,195
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1529.8B INR
Find detailed analytics on PFC stock on TipRanks’ Stock Analysis page.