PFC's Wholly Owned Subsidiary Bihar Infrapower Struck Off Following Project Closure
Power Finance Corporation Limited (PFC) confirmed that its wholly owned subsidiary, Bihar Infrapower Limited, has been officially struck off by the registrar of companies. The action followed the decision to close the Ultra Mega Power Project in the State of Bihar.Bihar Infrapower Limited was incorporated on June 30, 2015, under the Companies Act, 2013. It functioned as a Special Purpose Vehicle (SPV), holding various Licenses and Land required for the Banka UMPP, an Ultra Mega Power Project in Bihar.
The closure of the project necessitated the dissolution of the subsidiary. Following this decision, the Ministry of Power, Government of India, granted approval for the closure and striking off of the company on November 27, 2025. Subsequent actions were taken regarding the required documents for the strike off, leading to the registration change by the Ministry of Corporate Affairs (MCA).
The strike off was executed by the registrar of companies under Section 248 of the Companies Act, 2013.
PFC Stock Price Movement
Power Finance Corporation Limited shares edged higher today in post-market trading, gaining 2.30% to settle at ₹440.95. The stock saw active interest, with a traded volume of 10.05 million shares and finishing comfortably within its intraday range of ₹430.55 to ₹444.80.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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