PFC Consulting Expands Portfolio: Alibag Power Transmission Becomes New Subsidiary

Power Finance Corporation Limited (PFC) has announced a significant development in its corporate structure. Alibag Power Transmission Limited has been incorporated as a wholly-owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly-owned subsidiary of PFC.

Purpose and Background

The incorporation of Alibag Power Transmission Limited serves a specific purpose in the power sector:

Aspect	Details
Project	Establishment of 765/400/220 kV AIS Dolvi (Dist. Raigad)
Location	Maharashtra
Parent Company	PFC Consulting Limited (PFCCL)
Ultimate Parent	Power Finance Corporation Limited (PFC)

This move is part of a larger initiative in the power transmission sector. Maharashtra State Electricity Transmission Company Limited (MSETCL) has appointed PFCCL as the Bid Process Coordinator (BPC) for selecting a developer through a tariff-based competitive bidding process for Independent Transmission Projects (ITPs).

Role of the New Subsidiary

Alibag Power Transmission Limited, as a Special Purpose Vehicle (SPV), will undertake crucial preparatory activities for the transmission project:

Conducting surveys and preparing reports
Initiating the process of land acquisition
Seeking forest clearance, if required

These steps are in line with the tariff-based competitive bidding guidelines issued by the Ministry of Power.

Future Plans

The newly formed SPV is not intended to be a permanent subsidiary of PFCCL. The company has outlined the following process:

PFCCL will develop the transmission scheme after necessary approvals.
The SPV will be transferred to the successful bidder upon completion of the bidding process.
The selected bidder will then be responsible for developing the project further.

This strategic move by PFC and its subsidiary PFCCL demonstrates their commitment to facilitating the development of power transmission infrastructure in Maharashtra. By creating this SPV, they are laying the groundwork for efficient project implementation and competitive bidding in the power sector.

The incorporation of Alibag Power Transmission Limited as a subsidiary marks an important step in PFC's role in supporting India's power infrastructure development, particularly in enhancing the transmission capabilities in the Maharashtra region.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.48%	-0.24%	-5.06%	-10.21%	-18.03%	+352.40%

Power Finance Corporation (PFC), a leading non-banking financial company in the power sector, has reported a modest increase in its financial performance for the second quarter of the fiscal year 2025-26.

Financial Highlights

Metric	Q2 FY2025-26	Q2 FY2024-25	YoY Change
Net Profit	44.60 billion rupees	43.70 billion rupees	2.06%
Revenue	147.60 billion rupees	132.00 billion rupees	11.82%

PFC's net profit for the quarter ended September 30, 2025, rose to 44.60 billion rupees, marking a 2.06% increase from 43.70 billion rupees reported in the same quarter of the previous year. This growth, while modest, demonstrates the company's ability to maintain profitability in a challenging economic environment.

Revenue Growth

The company's revenue saw a more substantial increase, growing to 147.60 billion rupees from 132.00 billion rupees in the corresponding period of the previous year. This 11.82% year-over-year growth in revenue indicates PFC's strong performance in its core lending activities and other financial services.

Business Performance

The growth in both revenue and net profit suggests that PFC has been successful in expanding its loan book while managing its costs effectively. As a key player in financing the power sector, PFC's performance is often seen as an indicator of the overall health and investment trends in India's power industry.

Regulatory Compliance

In line with its commitment to transparency and regulatory compliance, PFC has submitted its financial results to the stock exchanges. The company's Board of Directors approved these results in a meeting held on November 7, 2025, as per the LODR (Listing Obligations and Disclosure Requirements) data provided.

Outlook

The consistent growth in revenue and profit suggests a stable performance for PFC. The power sector remains crucial for India's economic growth, and as a leading financier in this sector, PFC is well-positioned to benefit from ongoing investments in power infrastructure.

Investors and stakeholders will likely keep a close watch on PFC's performance in the coming quarters, particularly in light of any potential changes in the regulatory environment or shifts in the power sector's dynamics.