Power Grid Acquires Key Transmission Projects
Power Finance Corporation (PFC) has transferred two transmission projects to Power Grid Corporation of India Ltd. These subsidiaries, Khavda PSl and 3 Transmission Limited and Barmer I Transmission Limited are part of PFC Consulting, a subsidiary of PFC. This move signals strategic realignment in power transmission.
- Country:
- India
In a strategic move, Power Finance Corporation (PFC) has handed over two major transmission projects to Power Grid Corporation of India Ltd, according to a recent regulatory filing.
The projects in question are Khavda PSl and 3 Transmission Limited and Barmer I Transmission Limited, both of which were wholly-owned subsidiaries of PFC Consulting, itself a subsidiary of PFC.
This transfer underscores a significant realignment within the power transmission sector, as PFC refocuses its resources through Power Grid's extensive network and expertise.
(With inputs from agencies.)
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