New Delhi, March 24 -- Power Finance Corporation share price jumped over 4 per cent on Monday, March 24 after the company announced it has incorporated two of its special purpose vehicle (SPV) companies as wholly-owned subsidiaries of PFC Consulting Ltd.

In a regulatory filing, PFC stated that the SPV companies would include NES Dharashiv Transmission Limited and NES Navi Mumbai Transmission Limited.

According to the filing, NES Dharashiv Transmission is being established to develop a transmission network in Maharashtra, facilitating the evacuation of renewable energy from Dharashiv and Beed districts.

Meanwhile, NES Navi Mumbai Transmission Ltd has been incorporated to implement a transmission scheme aimed at supplying energy to data ...