PFC Forms SPV For Pune West 765 kV Transmission Project

11 May 2026 CW Team

Power Finance Corporation Limited (PFC) has incorporated Pune West Power Transmission Limited as a Special Purpose Vehicle (SPV) to facilitate development of the 765 kV gas insulated switchgear (GIS) Pune West transmission project in the Pune district of Maharashtra. The SPV was established through the company's wholly owned subsidiary, PFC Consulting Limited (PFCCL), in order to support pre-bidding and initial development activities under the tariff-based competitive bidding framework.

The Ministry of Power has designated PFCCL as the Bid Process Coordinator for the project and tasked it with selecting a Transmission Service Provider through tariff-based competitive bidding. PFCCL will undertake preparatory work that includes project profiling, engineering surveys, liaison for land acquisition and facilitation of forest clearances where required, as well as other statutory and regulatory compliance steps to ready the asset for bidding and construction.

The newly formed SPV will assist PFCCL in executing these preparatory functions and is intended to be transferred to the successful bidder upon completion of the competitive process in line with guidelines for independent transmission projects. The Government of Maharashtra issued a resolution notifying the appointment of PFCCL as Bid Process Coordinator on 27 February 2026 and the Empowered Committee had approved development of the transmission system in its meeting on January 12, 2026, providing the administrative approvals needed to progress the scheme.

The 765 kV GIS Pune West project is expected to strengthen the intra-state transmission network in Maharashtra, enhancing grid reliability and enabling the system to accommodate rising electricity demand in the region. PFC said that the move is consistent with its mandate to finance and facilitate critical power infrastructure projects across India and to support long-term energy security and grid modernisation objectives.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..