PFC Integrates Two SPVs
- New Delhi - Power Finance Corporation (PFC) has added two Special Purpose Companies (SPVs) as wholly-owned subsidiaries of PFC Consulting Ltd.,according to a regulatory filing.
- PFC states that NES Dharashiv Transmission is part of a transmission plan to expand the network in Maharashtra for renewable energy evacuation in the Dharashiv and beed districts.
- PFC Consulting Limited (PFCCL) will oversee the bidding process to select a private company for the transmission network project in Maharashtra.The two SPVs will be transferred to the...
Power Finance Corporation Adds Subsidiaries for Transmission projects
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New Delhi – Power Finance Corporation (PFC) has added two Special Purpose Companies (SPVs) as wholly-owned subsidiaries of PFC Consulting Ltd.,according to a regulatory filing. These SPVs are NES Dharashiv Transmission Limited and NES Navi Mumbai Transmission Limited.
Date: March 23, 2025
PFC states that NES Dharashiv Transmission is part of a transmission plan to expand the network in Maharashtra for renewable energy evacuation in the Dharashiv and beed districts. NES Navi Mumbai Transmission Ltd. was established to supply power to data centers in Mumbai.
PFC Consulting Limited (PFCCL) will oversee the bidding process to select a private company for the transmission network project in Maharashtra.The two SPVs will be transferred to the winning bidder after the bidding concludes.
According to a company statement, These SPVs have been added as wholly-owned subsidiaries of PFCCL to establish a designated transmission system. Following the bidding, these SPVs will be transferred to the triumphant bidder.
Following the close of trading Friday, a statement regarding PFC’s stock performance was released. Power Finance Corporation (PFC) shares closed at 407.80 rupees on the national Stock Exchange (NSE), a 1.35% increase.
The stock price increased by 5.10% for the week and 11.94% over the past month. Year-to-date,the stock price has decreased by 9.07%. The 52-week high for the PSU stock was 351.70 rupees. The company’s total market value on the NSE is important.
Power Finance Corporation (PFC): Your Questions Answered
What is Power Finance Corporation (PFC) doing?
Power Finance Corporation (PFC) is actively involved in expanding India’s power transmission network. Most recently, teh company added two Special Purpose Companies (SPVs) as wholly-owned subsidiaries of PFC Consulting Ltd. These SPVs are:
NES dharashiv Transmission Limited
NES Navi Mumbai Transmission Limited
Why is PFC creating these new subsidiaries?
PFC is creating these subsidiaries to facilitate specific transmission projects:
NES Dharashiv Transmission Limited: this SPV will be part of a transmission plan to expand the network in Maharashtra, specifically for renewable energy evacuation in the Dharashiv and Beed districts.
NES Navi Mumbai Transmission Limited: This SPV will supply power to data centers in Mumbai.
What is the role of PFC Consulting Limited (PFCCL) in this process?
PFC Consulting Limited (PFCCL) will oversee the bidding process to select a private company for the transmission network projects in Maharashtra. After the bidding process concludes and a winning bidder is selected, the two SPVs will be transferred to the triumphant bidder.
How does this impact PFC’s financial performance?
While the provided article doesn’t detail the overall financial performance of PFC, it does provide some insights into the company’s stock performance:
Closing Share Price: Shares closed at 407.80 rupees on the National Stock Exchange (NSE) on Friday, March 23, 2025.
Daily Change: The shares increased by 1.35% on the closing day.
Weekly Performance: The stock price increased by 5.10% for the week.
Monthly Performance: The stock price increased by 11.94% over the past month.
Year-to-Date Performance: The stock price has decreased by 9.07% year-to-date.
52-Week High: The 52-week high for the PSU stock was 351.70 rupees.
Key dates and Performance Summary
Here’s a speedy summary of PFC’s stock performance as of March 23, 2025:
| Metric | Value |
|——————–|—————-|
| Closing Price (NSE) | ₹407.80 |
| Daily change | +1.35% |
| Weekly change | +5.10% |
| Monthly Change | +11.94% |
| YTD Change | -9.07% |
| 52-Week High | ₹351.70 |