Power Finance Corporation Limited (PFC) has announced the strike off and dissolution of its wholly owned subsidiary, Bihar Infrapower Limited. The company was struck off by the Registrar of Companies following approval from the Ministry of Corporate Affairs.
Bihar Infrapower Limited was incorporated on June 30, 2015 as a Special Purpose Vehicle for holding licenses, land, and other assets related to the Ultra Mega Power Project in Bihar's Banka district. The subsidiary was not classified as a material subsidiary of PFC and did not have significant operations independently.
The project was subsequently closed after management review and strategic considerations. The Ministry of Power, Government of India approved the closure on November 27, 2025. Following this approval, all required documents and applications for striking off the company were filed with the Ministry of Corporate Affairs.
The Ministry of Corporate Affairs issued the final concurrence and approval for strike off on June 22, 2026. With this approval, Bihar Infrapower Limited has been formally dissolved and removed from the register of companies.
PFC disclosed this development through a regulatory filing to both the National Stock Exchange of India and BSE Limited on June 22, 2026. The filing confirms that the subsidiary has been successfully struck off in compliance with applicable regulations.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.