Power Finance Corporation’s wholly owned subsidiary, PFC Consulting Limited, has incorporated four special purpose vehicles (SPVs) to develop high-voltage transmission infrastructure in Rajasthan and Karnataka, the state-owned lender disclosed to stock exchanges on Monday. Two SPVs, Babai Transmission Limited and Bikaner Transmission Limited, will develop transmission systems for 765 kV grid substations at Babai and…
Power Finance Corporation Limited (PFC) has completed the transfer of its wholly owned subsidiary Wagdari Transmission Limited to KCC Buildcon Private Limited, the successful bidder under the tariff-based competitive bidding (TBCB) process. The transfer was completed on March 27, 2026. The transaction was executed through PFC Consulting Limited (PFCCL), a wholly owned subsidiary of PFC,…
REC Limited has incorporated Vizag Power Transmission Limited as a wholly owned subsidiary through REC Power Development and Consultancy Limited (RECPDCL). The special purpose vehicle was established on February 16, 2026 for the project titled “Transmission system for proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I).” The incorporation follows a…
REC Limited has disclosed the incorporation of three new special purpose vehicles (SPVs) between 19 December 2025 and 20 December 2025. The entities have been set up through its wholly owned subsidiary REC Power Development and Consultancy Limited REC Power Development and Consultancy Limited (RECPDCL) to implement intra-state transmission projects in Maharashtra. Balsane Power Transmission…
REC Power Development & Consultancy Ltd (RECPDCL) established a project special purpose vehicle (SPV) named “Ratle Kiru Power Transmission Ltd” on October 23, 2024, as a wholly-owned subsidiary. This SPV will develop the ISTS scheme titled “Transmission scheme for evacuation of power from Ratle HEP (850 MW) & Kiru HEP (624 MW): Part-A” in Jammu…
Power Grid Corporation of India Ltd (PGCIL) has received letters of intent (LoIs) for two interstate transmission system (ISTS) schemes for evacuating renewable energy from Rajasthan’s Renewable Energy Zone (REZ) Phase IV (6 GW) [Bikaner complex]. The LoIs were issued on October 21, 2024, with PGCIL confirming the notifications on October 22, 2024. The two…