State-owned Power Finance Corporation (PFC) today said it has formed two wholly-owned subsidiaries for setting up electricity generation and transmission projects.
The two special purpose vehicles (SPVs)-- Odisha Generation Phase-II Transmission and Warora-Kurnool Transmission -- have been incorporated as wholly-owned subsidiaries of PFC Consulting, a wholly-owned arm of Power Finance Corporation, the company said in a regulatory filing to BSE.
It had earlier said it has surpassed its loan sanction target by Rs 5,000 crore to hit Rs 60,000 crore for 2014-15.
PFC is engaged in funding various power projects in generation, transmission and distribution sectors.
The shares of the company closed at Rs 277.15 on BSE, up 0.86 per cent.
