Power Finance Corporation Limited has incorporated four wholly owned subsidiaries to develop transmission projects through tariff-based competitive bidding across multiple states.
Apr 15, 2026
Power Finance Corporation Limited has established four wholly owned subsidiaries under PFC Consulting Limited to execute Independent Transmission Projects (ITPs) via tariff-based competitive bidding.
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The newly incorporated SPVs– Babai Transmission Limited, Bikaner Transmission Limited, Humnabad Power Transmission Limited, and Hebbani Power Transmission Limited—will undertake key transmission projects across Rajasthan and Karnataka. Babai and Bikaner entities will handle 765kV GSS transmission systems, while Humnabad and Hebbani SPVs will develop 400kV systems in Bidar and Mandya districts.
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The projects have received approvals from state authorities, including Rajasthan Rajya Vidyut Prasaran Nigam Limited and Karnataka Power Transmission Corporation Limited, with PFCCL appointed as the Bid Process Coordinator, reinforcing PFC’s role in strengthening India’s power transmission infrastructure.
