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PFC’s arm transfers RAPP Transmission Company to Sterlite Grid

19 Mar 2014 Evaluate

Power Finance Corporation’s (PFC) - wholly owned subsidiary - PFC Consulting has transferred on March 12, 2014, its wholly owned subsidiary namely ‘RAPP Transmission Company’, to Sterlite Grid, successful bidder selected through ‘Tariff based Competitive Bidding Guidelines for Transmission services’ issued by Ministry of Power, Government of India.

RAPP Transmission Company has been incorporated for development of Transmission System for Part ATS of RAPP U-7&8 in Rajasthan.

Power Finance Corporation provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.

Peers
Company Name CMP
Power Finance Corpn. 325.25
REC 299.75
NHIT 168.00
Satin Creditcare Net 224.50
IFCI 64.02
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