PFC Establishes Subsidiary SPV for 765 kV GIS Pune West Transmission Project
Power Finance Corporation Limited (PFC) has established a Special Purpose Vehicle (SPV) as a wholly owned subsidiary of PFC Consulting Limited (PFCCL). This move aims to facilitate the development of the intra-state transmission system for the "Establishment of 765 kV GIS Pune West" in the Pune district.PFCCL, which is a wholly owned subsidiary of PFC, has been appointed as the Bid Process Coordinator (BPC) for the selection of the Transmission Service Provider (TSP). This role was assigned after the Empowered Committee (EC), through a Government of Maharashtra resolution dated 27.02.2026, designated PFCCL to manage the process.
Under the guidelines for Tariff Based Competitive Bidding (TBCB), the BPC is responsible for preparing the project profile and initiating preparatory activities. These activities include the process of land acquisition, forest clearance, and conducting surveys and report preparation. To handle these preliminary tasks, the incorporation of an SPV is required.
The SPV formed under this process is designed to take up various preparatory activities for the transmission projects.
| Sr. No. | Name of the SPV | Project Purpose |
|---|---|---|
| 1 | PUNE WEST POWER | Establishment of 765 kV GIS Pune West (District - Pune) |
Following the completion of the bidding process, the SPV will be transferred to the successful bidder selected through the International Competitive Bidding Process. The successful bidder will then be responsible for developing the transmission project.
Through this incorporation, PFC Consulting Limited intends to develop the aforementioned transmission scheme, with all SPVs being transitioned to the successful bidder once the bidding is complete.
PFC Stock Price Movement
Shares of Power Finance Corporation Limited are edging higher to ₹464.25 as of 12:53 PM, having gained 1.46% in live trading. The stock trades on a volume of 4.15 million shares, moving within a daily range of ₹455.55 to ₹467.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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