Power Finance Incorporates SPV for Saswad Transmission Project in Maharashtra

MT Newswires Live

2025/06/17

Power Finance (NSE:PFC, BOM:532810) said its unit PFC Consulting has incorporated Saswad Transmission Limited as a wholly owned Special Purpose Vehicle, according to a Monday filing with the Indian bourses.

The SPV will develop a 400/220 kV transmission system at Saswad in Pune district of Maharashtra in India, the filing said.

PFC Consulting was appointed as the Bid Process Coordinator by Maharashtra State Electricity Transmission. As per guidelines, the SPV will carry out preparatory works including surveys, land acquisition, and forest clearance, the filing said.

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