Power Finance Corporation Limited — Important, 14-06-2025: General Updates

Power Finance Corporation has announced a board meeting and set up a wholly owned subsidiary, Wagdari Transmission Limited, under PFC Consulting. This SPV will manage early-stage work for a 400/220 kV transmission project in Solapur, Maharashtra, including surveys and land acquisition. After bidding, the SPV will be handed over to the winning developer. This strategic step enhances PFC’s focus on transmission infrastructure via specialized SPVs.