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The PFC consulting incorporated two SPV's namely BIKANER III NEEMRANA TRANSMISSION for development of transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-A and NEEMRANA II BAREILLY TRANSMISSION for development of Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-D.
PFCCL has been nominated as the bid process coordinator (BPC) for selection of developer through tariff based competitive bidding for the independent transmission projects (ITPs) by Ministry of Power., Government of India.
The SPV has to be transferred to the successful bidder selected through international competitive bidding process under tariff based competitive bidding guidelines for transmission service issued by Ministry of Power.
PFC is a leading power sector public financial institution and a non-banking financial company providing fund and non-fund based support for the development of the Indian power sector.
The company's consolidated net profit jumped 45.9% to Rs 4,676.71 crore in Q4 FY23 as against Rs 3,205.88 crore posted in Q4 FY22. Total income rose 6.4% year on year (YoY) to Rs 20,074.11 crore in the quarter ended 31 March 2023.
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