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PFC Consulting Limited has incorporated a special purpose vehicle (SPV) named Pune West Power Transmission Limited for development of an intra-state transmission project in Maharashtra

The Govt has approved the appointment of Rajesh Kumar Agarwal as Director (Finance) of PFC Limited with effect from April 23

PFC has incorporated 4 SPVs through PFC Consulting Limited to facilitate the development of key interstate and intrastate transmission projects

The Govt is looking at options, including issuance of preference shares or fresh equity, to maintain 51 percent stake in PFC post its merger with REC, a senior official said

PFC's Director (Projects) Rajiv Ranjan Jha has been appointed as nominee director of PFC on the board of REC

PFC said that its independent director Bhaskar Bhattacharya has resigned, citing plans to contest in the upcoming assembly polls in West Bengal