Power Finance Corporation Ltd (PFC) has disclosed the strike off and dissolution of its wholly-owned subsidiary, Bihar Infrapower Limited. The subsidiary has been struck off by the Registrar of Companies vide Public Notice: No.-ROC/C-PACE/STK-2/248(5)/2026-27/426 of Ministry of Corporate Affairs under section 248 of the Companies Act 2013.
Bihar Infrapower Limited was not a material subsidiary of PFC. It was incorporated on 30.06.2015 under the Companies Act, 2013 as a Special Purpose Vehicle (SPV) for the purpose of holding various Licenses, Land etc. of Ultra Mega Power Project in the State of Bihar (Banka UMPP).
Subsequently, it was decided to close the project. Ministry of Power, Govt. of India gave its approval for closure/striking off the name of company on 27.11.2025. After this approval, required documents for closure/striking off of the company were filed with MCA, followed by the aforementioned approval by Ministry of Corporate Affairs.
The disclosure is made for information and dissemination purposes. The document is signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer, on 22.06.2026 at 18:20:48 +05'30'.
Financial Impact
Bihar Infrapower Limited was explicitly stated to be a non-material subsidiary of PFC. No financial impact quantified in the disclosure.