Power Finance Corporation Limited — Important, 21-03-2025: General Updates

Power Finance Corporation Ltd. has announced a board meeting regarding the incorporation of two wholly owned subsidiaries of PFC Consulting Limited: NES Dharashiv Transmission Limited and NES Navi Mumbai Transmission Limited. These subsidiaries are designed to manage transmission schemes in Maharashtra, focusing on expanding renewable energy networks and supplying to data center loads. The Maharashtra State Electricity Transmission Company Limited has appointed PFC Consulting as Bid Process Coordinator for selecting a Transmission Service Provider through a competitive bidding process. This development is expected to enhance operational capabilities and may offer growth opportunities in the energy transmission sector, generating positive sentiment among investors interested in infrastructure projects.