PFC Shuts Down Three SPV Subsidiaries After Government Approval

New Delhi, June 2, 2026: Power Finance Corporation (PFC) has informed stock exchanges that three of its wholly owned subsidiary companies have been struck off and dissolved by the Registrar of Companies with effect from June 1, 2026.

The subsidiaries that have ceased to exist are Deoghar Infra Limited, Deoghar Mega Power Limited, and Jharkhand Infrapower Limited.

According to PFC, the companies were incorporated as Special Purpose Vehicles (SPVs) under the Companies Act, 1956 and were not classified as material subsidiaries of the corporation.

The Ministry of Power had granted approval for the closure and striking off of these entities on November 27, 2025. Following the approval, the necessary filings were made with the Ministry of Corporate Affairs (MCA), which subsequently approved the dissolution effective June 1, 2026.

The move is part of PFC's ongoing efforts to streamline its corporate structure and optimize its subsidiary portfolio. Since the entities were non-material subsidiaries, the closure is not expected to have any significant impact on the company's operations or financial performance.

PFC disclosed the development to both the BSE and NSE under applicable regulatory requirements and stated that the information is being shared for record and dissemination purposes.

Power Finance Corporation, a Government of India undertaking under the Ministry of Power, remains one of the country's leading infrastructure financing institutions, providing financial support to the power and infrastructure sectors.