PFC Incorporates Four Subsidiaries to Drive Major Transmission Projects
Power Finance Corporation Ltd. has established four Special Purpose Vehicle (SPV) companies through its subsidiary, PFC Consulting Limited (PFCCL). These new subsidiaries were incorporated to manage and develop significant Independent Transmission Projects (ITPs) across various regions, following the nomination of PFCCL as the Bid Process Coordinator (BPC) for these schemes by the Ministry of Power, Government of India.PFCCL, which is a wholly owned subsidiary of Power Finance Corporation Limited (PFC), is designated as the Bid Process Coordinator for selecting developers through tariff based competitive bidding for the ITPs.
For the development of these transmission schemes, a Special Purpose Vehicle (SPV) is required to handle preparatory activities. These initial activities include preparing the project profile, surveying, initiating land acquisition, and seeking forest clearance, if necessary. The SPVs formed through this process will eventually be transferred to the Successful Bidder selected during the International Competitive Bidding Process.
The four newly incorporated subsidiaries and the schemes they are mandated to develop are detailed below:
| Sr. No. | Name of the SPV | Transmission System Scope | Key Context/Mandate |
|---|---|---|---|
| 1 | Babai Transmission Limited | Transmission system for 765kV GSS Babai along with associated transmission system | State Committee on Transmission (SCT) in its 10th Meeting held on 29.08.2025 recommended PFCCL as BPC to Government of Rajasthan (GoR) for development of two transmission schemes through Tariff Based Competitive Bidding Process. |
| 2 | Bikaner Transmission Limited | Transmission system for 765kV GSS Bikaner (Pugal) along with associated transmission system | SCT in its 10th Meeting held on 29.08.2025 recommended PFCCL as BPC to Government of Rajasthan (GoR) for development of two transmission schemes through Tariff Based Competitive Bidding Process. |
| 3 | Humnabad Power Transmission Limited | Transmission system for 400kV Humnabad in Bidar District | State Empowered Committee on Transmission in its 7th Meeting held on 29.08.2025 ratified the action of Karnataka Power Transmission Corporation Limited (KPTCL) nominating PFCCL as BPC for development of the Transmission Scheme through Tariff Based Competitive Bidding Process. |
| 4 | Hebbani Power Transmission Limited | Transmission system for 400kV Hebbani in Mandya District | State Empowered Committee on Transmission in its 7th Meeting held on 29.08.2025 ratified the action of KPTCL nominating PFCCL as BPC for development of the Transmission Scheme through Tariff Based Competitive Bidding Process. |
These subsidiaries were incorporated to facilitate the development of the listed transmission schemes. Upon the completion of the bidding process, the SPV will be transferred to the successful bidder who will subsequently be responsible for developing the project.
PFC Stock Price Movement
On Monday, Power Finance Corporation Limited shares slipped by 0.30% to settle at ₹433.55, down ₹1.30 from its previous close. The stock recorded significant activity that day, trading a total volume of 8.97 million shares.Source:
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