https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

PFC Dissolves Three Wholly Owned Subsidiaries as Part of Corporate Restructuring

Deoghar Infra, Deoghar Mega Power and Jharkhand Infrapower Struck Off Following Ministry of Power Approval
Indian Masterminds Stories

New Delhi: 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 (RoC) 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. The move follows approval granted by the Ministry of Power and forms part of PFC’s broader strategy to streamline its corporate structure and optimise its subsidiary portfolio.

Three Subsidiaries Officially Dissolved

In a regulatory filing, PFC stated that the Registrar of Companies has approved the striking off and dissolution of the three wholly owned subsidiaries with effect from June 1, 2026.

The entities were incorporated as Special Purpose Vehicles (SPVs) under the provisions of the Companies Act, 1956 and were fully owned by the state-owned power sector financing major.

The dissolved companies are:

  • Deoghar Infra Limited
  • Deoghar Mega Power Limited
  • Jharkhand Infrapower Limited

Following the RoC approval, these entities have formally ceased to exist as corporate bodies.

Read also: PFC Appoints V. Packirisamy as Director (Commercial) to Boost Power Sector Financing and Growth

Ministry of Power Approved Closure in 2025

The closure process was initiated after the Ministry of Power granted approval for striking off the companies on November 27, 2025.

Subsequently, PFC completed the necessary statutory and regulatory filings with the Ministry of Corporate Affairs (MCA) to facilitate the closure process.

After reviewing the submissions, the MCA approved the dissolution, leading to the formal striking off of the companies from official records effective June 1, 2026.

Special Purpose Vehicles Were Non-Material Subsidiaries

According to the company, all three entities functioned as Special Purpose Vehicles (SPVs) and were not classified as material subsidiaries under applicable regulatory norms.

As a result, the dissolution is not expected to have any significant impact on the financial performance, operational activities or business strategy of Power Finance Corporation.

The company clarified that the closure is largely an administrative and structural exercise aimed at rationalising its corporate framework.

Part of Corporate Streamlining Initiative

The dissolution aligns with PFC’s ongoing efforts to simplify its organisational structure and optimise management of its subsidiary network.

Public sector enterprises and large corporations periodically review dormant, inactive or non-core subsidiaries to improve operational efficiency, reduce compliance burdens and enhance corporate governance.

By winding up entities that are no longer strategically relevant, companies can focus resources more effectively on core operations and growth initiatives.

No Material Impact on PFC Operations

PFC has indicated that the closure of the three SPVs will not materially affect the corporation’s business operations or financial position.

Since the subsidiaries were non-material entities, their dissolution is expected to have minimal impact on the company’s consolidated financials and ongoing projects.

The development therefore represents a corporate restructuring measure rather than a business or operational change.

About Power Finance Corporation

Power Finance Corporation is one of India’s leading public sector financial institutions focused on the power and infrastructure sectors. The company plays a key role in financing generation, transmission and distribution projects across the country.

Over the years, PFC has expanded its presence in infrastructure financing while maintaining a portfolio of subsidiaries and special purpose vehicles established for various sector-specific initiatives.

The latest move reflects the corporation’s continued focus on improving efficiency and maintaining an optimal corporate structure aligned with its long-term strategic objectives.

Read also: PFC Transfers Two SPVs to Power Grid and Resonia for Over ₹36 Crore in Transmission Project Deals


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
BEL Defence Orders BEL
BEL Awards ₹52.82 Crore Electro-Optics Order to Paras Defence, Boosts India’s Defence Manufacturing Push
cm mohan yadav
CM Mohan Yadav Reviews Women & Child Welfare Schemes, Stresses Accountability and Wider Reach in Madhya Pradesh
PFC logo resized Power Finance Corporation Ltd
PFC Dissolves Three Wholly Owned Subsidiaries as Part of Corporate Restructuring
NTPC logo
Pankaj Kumar Gupta Assumes Charge as Head of Project at NTPC Kanti, Strengthening Power Sector Leadership
CBSE OSM Row: Chairman IAS Rahul Singh, Secretary IAS Himanshu Gupta Transferred as Centre Orders Probe
CBSE OSM Row: Chairman IAS Rahul Singh, Secretary IAS Himanshu Gupta Transferred as Centre Orders Probe; Know More About the Officers
cm yadav
Madhya Pradesh Govt to Launch 5,200+ Statewide Bus Network Under New Public Transport Reform Plan
cm mohan
Madhya Pradesh Cabinet Clears ₹21,485 Crore Mega Reform Package for Health, Education and Rural Development
Mukesh-Singh-ips
New Manipur DGP Mukesh Singh Calls for Coordination Among Forces as Centre Deploys CoBRA Battalions
ADVERTISEMENT
ADVERTISEMENT
Videos
ajay suri
When The Entire Film Crew Was At The Mercy of King Cobra
Manisha Khatri
How IAS Officer Manisha Khatri IS Turning Nashik Kumbh 2027 Into A Digital Mega City
Vikas Vaibhav
How IPS Officer Vikas Vaibhav Turned a Dream Into Bihar’s Biggest Youth Movement
ADVERTISEMENT
UPSC Stories
Bhoomika Jain UPSC CSE 2025
A First for Generations: Bhoomika Jain Clears UPSC CSE 2025 After Two Failed Attempts
Bhoomika Jain from Satna secured AIR 331 in CSE 2025 after clearing the exam in her third attempt. Read...
devangi meena
Devangi Meena: The UPSC Candidate Who Stopped Studying to Start Understanding Herself
After failing to clear Prelims three times, Devangi Meena transformed her approach, conquered self-doubt,...
anjani mishra
“Leave Everything Behind for a Few Years”: How Anjani Mishra Cracked UPSC With Simplicity And Self-Control
From balancing a Chartered Accountancy career to leaving a secure job at PwC Mumbai, Anjani Mishra’s...
CSR NEWS
NCL
NCL Signs ₹25 Lakh MoU with Singrauli Administration for Jal Ganga Sanvardhan Abhiyan Water Conservation Project
CSR initiative to build three ponds in Chitrangi block aims to boost groundwater recharge, irrigation...
DVC
DVC Donates 2 Ambulances in Koderma to Boost Rural Emergency Healthcare Services Under CSR Initiative
In collaboration with NGO Pehchan, Damodar Valley Corporation strengthens healthcare access in Jharkhand...
DFCCIL
DFCCIL MD Praveen Kumar Reviews EDFC Infrastructure, Safety, CSR and Employee Welfare During Dadri–Sahnewal Inspection
Dedicated Freight Corridor Corporation of India Limited strengthens freight operations with infrastructure...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
BEL Defence Orders BEL
BEL Awards ₹52.82 Crore Electro-Optics Order to Paras Defence, Boosts India’s Defence Manufacturing Push
cm mohan yadav
CM Mohan Yadav Reviews Women & Child Welfare Schemes, Stresses Accountability and Wider Reach in Madhya Pradesh
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
ajay suri
Manisha Khatri
Vikas Vaibhav
ADVERTISEMENT
ADVERTISEMENT