Power Finance Corporation subsidiary PFC Consulting Limited has completed the transfer of its fully owned subsidiary KPS III HVDC Transmission Limited to Adani Energy Solutions for ₹20.33 crore. The transaction was completed on December 12, 2025, as disclosed in the company's regulatory filing under Regulation 30 of SEBI Listing Regulations.

Transaction Execution Details

The transaction involves a complete ownership transfer of KPS III HVDC Transmission Limited from PFC Consulting to Adani Energy Solutions. The deal represents the successful completion of the bidding process for the transmission infrastructure project.

Strategic Project Profile

KPS III HVDC Transmission Limited was established specifically for the development of transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C. The project forms part of the broader renewable energy infrastructure development in the region.

Regulatory and Transaction Framework

The successful bidder, Adani Energy Solutions Limited, does not belong to the promoter or promoter group of Power Finance Corporation. The transaction does not fall within the purview of related party transactions and is not classified as a slump sale under regulatory definitions.

Compliance and Valuation

The consideration for the sale and transfer of the Special Purpose Vehicle has been determined in accordance with guidelines issued by the Ministry of Power, Government of India. The transaction has been disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

Adani Energy Solutions Limited , a key player in the energy sector, has received a consolidated Environmental, Social, and Governance (ESG) rating of 71 from NSE Sustainability Ratings & Analytics Limited. This rating, developed independently based on publicly available data, reflects the company's performance across crucial sustainability parameters.

ESG Rating Details

The ESG rating of 71 for Adani Energy Solutions Limited encompasses:

• Environmental factors
• Social considerations
• Governance practices

It's important to note that this assessment was conducted without direct engagement from the company, ensuring an unbiased evaluation based solely on public information.

Financial Performance Context

While the ESG rating provides insight into the company's sustainability efforts, it's also worth examining Adani Energy Solutions' financial position. The company's consolidated balance sheet data reveals significant growth and financial strength:

The substantial year-over-year increases across key financial metrics indicate robust growth and potentially improved financial sustainability, which may complement the company's ESG initiatives.

Implications of the ESG Rating

The ESG rating of 71 from NSE Sustainability positions Adani Energy Solutions as a company that is actively addressing environmental, social, and governance factors in its operations. This rating may:

1. Enhance investor confidence in the company's long-term sustainability strategy
2. Potentially improve access to ESG-focused investment funds
3. Demonstrate the company's commitment to responsible business practices

As ESG considerations continue to gain importance in the investment landscape, this rating could play a crucial role in shaping stakeholder perceptions and investment decisions related to Adani Energy Solutions Limited.

Investors and stakeholders are advised to consider both the ESG rating and financial performance when evaluating the company's overall position in the market.