Power Finance Corporation Limited (PFC) has announced the dissolution of four wholly owned subsidiaries after their names were struck off by the Registrar of Companies with effect from June 1, 2026.
PFC Projects Limited (formerly Coastal Karnataka Power Limited) was originally incorporated for the development of an ultra-mega power project in Karnataka and was later restructured to participate in lender-backed resolution plans. The company was closed as no future business opportunities were expected. Separately, Deoghar Infra Limited, Deoghar Mega Power Limited and Jharkhand Infrapower Limited were incorporated as special purpose vehicles and were non-material subsidiaries of PFC. The Ministry of Power approved the closure of these companies, following which the Ministry of Corporate Affairs (MCA) completed the strike-off process.