PFC Consulting Limited (PFCCL), a wholly owned subsidiary of state-owned Power Finance Corporation Limited, and REC Limited have incorporated new special purpose vehicles (SPVs) for transmission projects in Maharashtra, Rajasthan, and Gujarat. The developments were disclosed through regulatory filings dated May 8-9, 2026. PFCCL incorporated two wholly owned subsidiaries, Western Ghats PSP Transmission Limited and…
The Maharashtra state cabinet has approved a restructuring of Maharashtra State Electricity Distribution Company Limited (MSEDCL), paving the way for its bifurcation and a planned stock market listing. The move positions the utility to potentially become the first state-owned power distribution company in India to go public. Under the plan, MSEDCL will be divided into…
The Union Government has highlighted multiple steps taken to strengthen disaster-resilient electricity distribution systems in coastal areas, including Maharashtra, through regulatory frameworks and the Revamped Distribution Sector Scheme (RDSS). According to a written reply by Minister of State for Power Shri Shripad Yesso Naik in the Rajya Sabha, works worth Rs 3,088 crore have been…