Power Finance Corporation has completed the transfer of South Kalamb Power Transmission Limited to Adani Energy Solutions Limited for Rs. 12.53 crore on March 30, 2026. The transaction was announced through a regulatory filing under Regulation 30, marking the successful completion of the bidding process for this transmission infrastructure asset.

Transaction Details

The transfer involves South Kalamb Power Transmission Limited, which was established for the development of "Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A". The company was a wholly owned subsidiary of PFC Consulting Limited, which itself is a wholly owned subsidiary of Power Finance Corporation Limited.

Regulatory Compliance

According to the official filing, the transaction does not fall within the purview of related party transactions, as Adani Energy Solutions Limited does not belong to the promoter or promoter group of Power Finance Corporation. The sale is not in the nature of a slump sale, and the consideration has been determined in accordance with guidelines issued by the Ministry of Power, Government of India.

The transferred subsidiary contributed negligible amounts to Power Finance Corporation's turnover, revenue, income, and net worth during the last financial year. The transaction represents a strategic divestment as part of Power Finance Corporation's portfolio optimization efforts.

Strategic Impact

This transfer adds to Adani Energy Solutions Limited's expanding transmission infrastructure portfolio, strengthening its presence in the power transmission sector. For Power Finance Corporation, the divestment aligns with its strategic focus on core operations while ensuring optimal resource allocation across its business segments.

Power Finance Corporation Limited has announced the successful transfer of its wholly owned subsidiary Wagdari Transmission Limited to KCC Buildcon Private Limited. The transaction was completed on March 27, 2026, following a competitive bidding process.

Transaction Details

The transfer involves Wagdari Transmission Limited, which was established for the development of the "Transmission Scheme for Establishment of 400/220 kV AIS Wagdari" in District Solapur. The subsidiary was originally held through PFC Consulting Limited, itself a wholly owned subsidiary of Power Finance Corporation Limited.

Financial Impact and Structure

The consideration received from the sale amounts to Rs. 4,41,10,826 (Rupees Four Crore Forty-One Lakh Ten Thousand Eight Hundred Twenty-Six only) as per the Share Purchase Agreement. The company noted that the contribution of this subsidiary to the turnover, revenue, income, and net worth during the last financial year was negligible.

Transaction Characteristics

Key aspects of the transaction include:

• The successful bidder KCC Buildcon Private Limited does not belong to the promoter or promoter group
• The transaction does not fall within the purview of related party transactions
• The sale is not in the nature of a slump sale
• The consideration for sale and transfer of SPVs is determined in accordance with Guidelines issued by the Ministry of Power, Government of India

Regulatory Compliance

The announcement was made under Regulation 30 of the listing regulations, with notifications sent to both the National Stock Exchange of India Limited and BSE Limited. The process for sale and transfer of the Special Purpose Vehicle (SPV) to the successful bidder was completed on March 27, 2026.

This strategic divestment represents Power Finance Corporation's continued focus on optimizing its subsidiary portfolio while ensuring compliance with regulatory guidelines established by the Ministry of Power.