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Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated a wholly-owned subsidiary that will act as a project special purpose vehicle (SPV) for developing an intrastate scheme in Maharashtra under the tariff-based competitive bidding mechanism.
The private sector is likely to commission a higher quantum of power transmission infrastructure in FY26 as compared with the actual achievement in FY25, a study by tndindia.com suggests.
Transformers & Rectifiers (India) Ltd [TARIL] has received an HVDC transformer-related order from Power Grid Corporation of India Ltd (PGCIL), making it the first Indian-origin company to enter the field of HVDC transformers.