General Updates

Power Finance Corporation Limited's wholly-owned subsidiary, Bihar Infrapower Limited (BIPL), has been struck off and dissolved by the Registrar of Companies under Section 248 of the Companies Act 2013. BIPL was incorporated in 2015 as a Special Purpose Vehicle for the Bihar UMPP project, which was subsequently shelved by the Ministry of Power. The Ministry of Power approved the company's closure in 2015. Necessary filings with the Ministry of Corporate Affairs led to its eventual dissolution. This administrative action formalizes the clean-up of a defunct entity.