Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
375.45
3.65 (0.98%)
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PFC’s arm transfers RAPP Transmission Company to Sterlite Grid

Date: 19-03-2014

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.