PFC Share Price in Focus; PFC Consulting Incorporates Kushtagi Transmission SPV

Power Finance Corporation (PFC) informed the stock exchanges that its wholly-owned subsidiary, PFC Consulting Limited (PFCCL), has incorporated Kushtagi Transmission Limited as a wholly-owned special purpose vehicle (SPV).  

The SPV has been formed for the development of a 765 kV transmission system in Karnataka's Koppal district.  

SPV Formed for Transmission Project 

Kushtagi Transmission Limited has been incorporated to undertake preparatory activities for the proposed transmission project, including surveys, preparation of project reports, land acquisition processes and obtaining forest clearances, where required.  

PFCCL Appointed as Bid Process Coordinator 

PFCCL has been nominated as the Bid Process Coordinator (BPC) by the Ministry of Power for selecting the project developer through the Tariff-Based Competitive Bidding (TBCB) process.  

The appointment has also received approval from the Karnataka government's Energy Department.  

SPV to Be Transferred to Successful Bidder 

PFC said the SPV will be transferred to the successful bidder selected through the international competitive bidding process.  

The selected developer will then undertake the implementation of the transmission project.  

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Share Price Performance 

As of July 27, 2026, at 2:04 PM, PFC share price was trading at ₹418.10 per share, reflecting a surge of 1.51% from the previous trading session. 

Conclusion 

PFC Consulting has incorporated Kushtagi Transmission Limited as a wholly-owned SPV for a proposed 765 kV transmission project in Karnataka. The SPV will undertake preparatory activities before being transferred to the successful bidder selected through the TBCB process.  

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