Power Finance Corporation Transfers Subsidiary to H.G. Infra Engineering for Rs. 8.16 Crore
Power Finance Corporation (PFC) has completed the transfer of its wholly-owned subsidiary, Angul Sundargarh Transmission Limited, to H.G. Infra Engineering Limited for Rs. 8.16 crore. The transaction, completed on July 28, 2025, is part of PFC's strategic portfolio management. The subsidiary was established for the Eastern Region Generation Scheme-I. H.G. Infra Engineering, the successful bidder, is not related to PFC's promoter group. The subsidiary's contribution to PFC's financials was negligible. The sale complies with regulatory requirements and aligns with PFC's strategy to focus on core activities.

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Power Finance Corporation Limited (PFC), a leading public sector financial institution, has announced the completion of a significant transaction involving its subsidiary. The company has transferred its wholly-owned subsidiary, Angul Sundargarh Transmission Limited, to H.G. Infra Engineering Limited for a consideration of Rs. 8.16 crore (Rs. 8,16,49,841).
Transaction Details
The transfer was completed on July 28, 2025, marking a strategic move in PFC's portfolio management. Angul Sundargarh Transmission Limited was established for the development of the Eastern Region Generation Scheme-I (ERGS-I), highlighting its importance in the power sector infrastructure.
Buyer Information
H.G. Infra Engineering Limited emerged as the successful bidder for this transaction. It's noteworthy that the buyer does not belong to the promoter or promoter group of Power Finance Corporation, ensuring an arm's length transaction.
Financial Impact
According to the company's disclosure, the subsidiary's contribution to Power Finance Corporation's turnover, revenue, and net worth during the last financial year was negligible. This suggests that the transfer is unlikely to have a significant impact on PFC's overall financial position.
Regulatory Compliance
The transaction adheres to regulatory requirements:
- It is not classified as a related party transaction.
- The sale is not considered a slump sale.
- The consideration for the transfer was determined in accordance with guidelines issued by the Ministry of Power, Government of India.
Strategic Implications
This move aligns with Power Finance Corporation's strategy to streamline its operations and focus on core activities. By transferring subsidiaries established for specific projects to capable operators, PFC can potentially optimize its resource allocation and improve overall efficiency.
Power Finance Corporation continues to play a crucial role in India's power sector, facilitating the development of various transmission and generation projects. This transaction demonstrates the company's active management of its portfolio and commitment to creating value for its stakeholders.
Historical Stock Returns for Power Finance Corporation
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.35% | -0.99% | -3.93% | +2.88% | -25.73% | +513.20% |