Power Finance Corporation (PFC), a leading player in India's power sector financing, has taken a significant step towards enhancing the country's power transmission infrastructure. The company has incorporated a new wholly-owned subsidiary named 'SR AND ER Power Transmission Ltd.' to spearhead an ambitious Inter-Regional Grid Strengthening Project.

New Subsidiary Formation

PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation, has established SR AND ER Power Transmission Limited as a Special Purpose Vehicle (SPV). This new entity is tasked with the development of the "Inter-Regional Strengthening between SR Grid and ER Grid" project, aimed at bolstering the power transmission capabilities between Southern and Eastern regions of India.

Ministry of Power's Role

The formation of this subsidiary comes in response to a directive from the Ministry of Power (MoP). According to a Gazette Notification (No. CG-DL-E-24052025-263324) dated May 21, 2025, the Ministry appointed PFC Consulting Limited as the Bid Process Coordinator (BPC) for selecting a Transmission Service Provider (TSP) through a Tariff Based Competitive Bidding Process.

Purpose and Responsibilities

The newly formed SPV will undertake crucial preparatory activities for the transmission project, including:

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

These steps are essential in laying the groundwork for the successful implementation of the Inter-Regional Grid Strengthening Project.

Future Transfer and Development

It's important to note that SR AND ER Power Transmission Ltd. is not intended to be a permanent subsidiary of PFC. After the completion of the bidding process, the SPV will be transferred to the successful bidder. This winning bidder, selected through an international competitive bidding process, will then be responsible for developing the project further.

Implications for India's Power Sector

This initiative underscores PFC's commitment to strengthening India's power transmission infrastructure. The Inter-Regional Grid Strengthening Project between the Southern and Eastern grids is expected to enhance power distribution efficiency and reliability across these regions, potentially benefiting millions of consumers and industries.

The formation of SR AND ER Power Transmission Ltd. marks a crucial step in realizing this ambitious project, reflecting the ongoing efforts to modernize and expand India's power sector infrastructure.

Power Finance Corporation (PFC) has announced Monday, August 18, 2025, as the record date for its upcoming dividend payout. This announcement puts the spotlight on PFC and several other companies that have chosen the same date for their dividend eligibility determination.

Key Highlights

• PFC sets August 18, 2025, as the dividend record date
• Last day to buy PFC shares for dividend eligibility is August 17, 2025
• Multiple companies share the August 18 record date for their final dividend payouts

Companies Announcing Dividends

Several companies have aligned their dividend record dates with PFC, creating a notable day for dividend-seeking investors. Here's a breakdown of the companies and their announced dividends:

Importance of Record Date

The record date is crucial for shareholders as it determines who qualifies for the declared dividend. Investors interested in receiving these dividends must ensure they purchase shares before the ex-dividend date, which is typically one business day before the record date.

For PFC and the other companies listed, this means that the last opportunity to buy shares and still be eligible for the dividend will be August 17, 2025.

Investors should note that while these companies have announced their dividend plans, the actual payment dates may vary. It's advisable for shareholders to keep an eye on further announcements from these companies regarding the specific payment schedules for the declared dividends.

This clustering of record dates on August 18 provides an interesting opportunity for investors looking to diversify their dividend income across multiple sectors, ranging from finance to paper and electrical systems.