Power Finance Corporation Limited (PFC) has informed BSE and NSE that its wholly owned subsidiary, PFC Projects Limited (PPL), has been struck off by the Registrar of Companies with effect from June 1, 2026.
PFC Projects was originally incorporated as Coastal Karnataka Power Limited, a wholly owned subsidiary of PFC established for the development of an Ultra Mega Power Project in Karnataka. The name and object clause were amended in 2022 to enable participation in lenders-backed resolution plans. Without approval from the Department of Investment and Public Asset Management, no future business opportunities were expected for PFC Projects.
The board of directors of PFC Projects approved the proposal for striking off its name from the Register of Companies. The Ministry of Power, Government of India, granted its approval for the closure on March 13, 2026.
Following this approval, PFC Projects filed the necessary documents with the Ministry of Corporate Affairs for the striking off process. The MCA approved the process on June 1, 2026, leading to the dissolution of PFC Projects as a wholly owned subsidiary of Power Finance Corporation Limited.
PFC Projects has been dissolved as a wholly owned subsidiary of Power Finance Corporation Limited and struck off from the Register of Companies with effect from June 1, 2026.
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.