Power Finance (PFC) — Announcement

📢 Key Event
PFC incorporates SPV for transmission project coordination

💡 Investor Takeaway
This creates a dedicated vehicle for major transmission expansion that could enhance PFC's project pipeline and long-term growth potential.

Power Finance Corporation announced the incorporation of a wholly owned subsidiary, Satara Power Transmission Network Expansion Scheme SPV, to support transmission projects in Western India. The new SPV will coordinate land acquisition and forest clearance for up to 4500 MW of pumped storage capacity near Satara, with PFC Consulting nominated as Bid Process Coordinator by the Ministry of Power under competitive bidding guidelines.

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About Power Finance Corporation Limited (PFC)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,47,102.04 Cr P/E: 5.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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