Power Finance Corporation transfers wholly owned subsidiary

On 12 March 2014

Power Finance Corporation (PFC) has announced that PFC Consulting (a wholly owned subsidiary of PFC) has transferred on 12 March 2014, its wholly owned subsidiary namely 'RAPP Transmission Company', incorporated for development of transmission system for Part ATS of RAPP U-7&8 in Rajasthan to 'Sterlite Grid', successful bidder selected through Tariff based Competitive Bidding Guidelines for Transmission services issued by Ministry of Power, Government of India.

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