Power Finance Closes Wholly-Owned Subsidiary Sakhigopal Integrated Power Company

MT Newswires Live

03/12

Power Finance Corporation (NSE:PFC, BOM:532810) said its wholly-owned subsidiary, Sakhigopal Integrated Power Company, has been struck off from the Registrar of Companies, according to a filing to the Indian stock exchanges on Thursday.

Sakhigopal was not a material subsidiary of the company and was incorporated in 2008 as a special purpose vehicle for establishing an ultra mega power project of 4,000 MW in the state of Odisha, India.

However, the project was closed and the Ministry of Power, Government of India, gave its approval to close and strike off the name of the company in November 2025.

The company's shares were up nearly 2% in recent trade.

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