Transfer of NERGS III Siang Basin Transmission Limited (wholly owned subsidiary of PFC Consulting Limited) (wholly owned subsidiary of Power Finance Corporation Limited).
PFC · price
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Power Finance Corporation has completed the sale of its wholly-owned subsidiary, NERGS III Siang Basin Transmission Limited, to Dineshchandra R. Agrawal Infracon Private Limited. The transaction was completed on 26 May 2026 for a consideration of Rs. 19.70 crore (approximately Rs. 19,70,61,135). The SPV was established for developing the NERGS-II Siang Basin transmission project. The buyer is not part of the promoter or promoter group. The transaction is not classified as a related party transaction or a slump sale. The contribution of this subsidiary to PFC's turnover and net worth was negligible.
This is a routine divestment of a non-core SPV (Special Purpose Vehicle) at a disclosed valuation. The negligible contribution to revenue means minimal financial impact on PFC. The sale follows competitive bidding guidelines from the Ministry of Power.