Power Finance (PFC) — Announcement

📢 Key Event
PFC incorporates subsidiary for transmission project coordination

💡 Investor Takeaway
This creates a dedicated vehicle to manage complex transmission project setup, potentially improving execution efficiency for future bids.

Power Finance Corporation announced incorporation of a wholly owned subsidiary, Kushtagi Transmission Limited, to serve as the Bid Process Coordinator for 765kV transmission projects under the Ministry of Power's tariff-based competitive bidding framework. The subsidiary will handle land acquisition, forest clearance, and project preparation before transferring operations to the eventual project developer.

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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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