Power Finance Corporation (PFC) has successfully transferred three power transmission SPVs to successful bidders for a total consideration of Rs 58.47 crore. These transactions, executed through its subsidiary PFC Consulting Limited, follow standard operational procedures for project development and award, reflecting the company’s normal course of business.
Power Finance Corporation Divests Three Transmission SPVs for Rs 58.47 Crore
Total consideration received is Rs 58.47 crore. Transaction completed on October 12, 2026.
Reader Takeaway: Routine operational divestment of project SPVs confirms PFC's established business model; no impact on core strategy.
What just happened
Power Finance Corporation (PFC) has finalized the transfer of three wholly-owned subsidiaries of its arm, PFC Consulting Limited, to successful bidders. The transfer, effective October 12, 2026, marks the exit of these entities from the PFC fold following the completion of their development phase as Special Purpose Vehicles (SPVs) for power transmission projects.
Divestment Details
The three entities transferred are:
- Jam Khambhaliya REZ Transmission Limited, acquired by Power Grid Corporation of India Limited for Rs 19.22 crore.
- Lakadia C Power Transmission Limited, acquired by Power Grid Corporation of India Limited for Rs 19.94 crore.
- Lakadia A Power Transmission Limited, acquired by AnantGrid Projects One Private Limited for Rs 19.32 crore.
Why this matters
For investors, these transactions are a standard part of PFC's operational cycle. The company utilizes SPVs to house projects during the early development and bidding stages. Once the project is awarded or developed to the required stage, the subsidiary is transferred to the successful bidder. This process ensures the efficient recycling of capital into new energy projects without altering the company's long-term financial trajectory.
Key Corporate Notes
PFC confirmed that these transactions were conducted in compliance with Ministry of Power guidelines. The company explicitly stated that this is not a related party transaction, and the successful bidders are independent of the promoter group.