Power Finance Corporation Reports Strike Off and Dissolution of PFC Projects Limited
Power Finance Corporation Limited (PFC) has confirmed the strike off and dissolution of its wholly owned subsidiary, PFC Projects Limited (PPL). The company confirmed that PPL was struck off by the Registrar of Companies (RoC) effective June 1, 2026, under Section 248 of the Companies Act, 2013.PFC Projects Limited (PPL) was initially established as a wholly owned subsidiary of PFC with the objective of developing an Ultra Mega Power Project in Karnataka. The company underwent a change in its structure and mandate, amending its name and object clause in 2022. This amendment was intended to enable PPL’s participation in Lenders-backed Resolution Plans (LbRPs).
The board of directors of PPL approved the proposal to strike off the company’s name from the Register of Companies, following the prerequisite approval and settlement of all outstanding liabilities.
The closure process received regulatory backing from the Government of India. The Ministry of Power, Government of India, accorded its approval for the closure and striking off of the company on March 13, 2026. Subsequently, the Ministry of Corporate Affairs (MCA) approved the closure/striking off process on June 1, 2026.
PFC Stock Price Movement
Shares of Power Finance Corporation Limited today slipped by 1.80% to settle at ₹413.05. The stock traded on a volume of 6.07 million shares during the session.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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