Power Finance Corporation Limited has informed the Exchange about Transfer of Saswad Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (wholly owned subsidiary of Power Finance Corporation Limited).
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Power Finance Corporation Limited has transferred its step-down subsidiary Saswad Transmission Limited to Maharashtra State Electricity Transmission Company Limited (MSETCL), a state-owned transmission utility, on 26 February 2026. Saswad Transmission was a wholly owned subsidiary of PFC Consulting Limited (which is itself a wholly owned subsidiary of PFC) and was set up specifically to build a 400/220 kV AIS substation at Saswad in Pune district, Maharashtra. The sale consideration was approximately Rs. 3.79 crore, determined as per Ministry of Power guidelines. The subsidiary's contribution to PFC's turnover, revenue and net worth is stated as negligible. The transaction is not a related party deal and not classified as a slump sale.
This is a routine divestment of a project-specific Special Purpose Vehicle (SPV) to the successful bidder of a power transmission project, with negligible financial impact on PFC. Shareholders are unlikely to see any material effect on earnings or stock price from this transfer.