PFC Divests Transmission Assets in Two Transactions Completed on August 3, 2026
Power Finance Corporation Limited finalized the transfer of two wholly owned subsidiaries belonging to its consulting arm, PFC Consulting Limited, concluding the transactions on August 3, 2026. The sales involved Ananthpuram Transmission Limited (ATL) and Krishnagiri REZ Transmission Limited (KRZTL).The first transaction saw Apraava Energy Private Limited acquiring Ananthpuram Transmission Limited, which was established for the development of the "Transmission System for Integration of Ananthpuram-111 PS REZ Phase-I (3GW)." The second deal involved Power Grid Corporation of India Limited as the successful bidder for Krishnagiri REZ Transmission Limited, a company set up to handle the "Transmission System for integration of Krishnagiri REZ Phase-I."
The companies’ financial performance metrics and transaction details are summarized below:
| Particulars | Ananthpuram Transmission Limited | Krishnagiri REZ Transmission Limited |
|---|---|---|
| Buyer Name | Apraava Energy Private Limited | Power Grid Corporation of India Limited |
| Nature of Business | Transmission System for Integration of Ananthpuram-111 PS REZ Phase-I (3GW) | Transmission System for integration of Krishnagiri REZ Phase-I |
| Completion Date | August 3, 2026 | August 3, 2026 |
| Consideration Received | Rs. 19,61,75,336/- | Rs. 19,82,02,754/- |
| Turnover/Net Worth Contributed | Negligible | Negligible |
In both transactions, the successful bidders—Apraava Energy Private Limited and Power Grid Corporation of India Limited—were noted not to be members of the Promoter or Promoter group. The sales were determined in accordance with guidelines issued by the Ministry of Power, Government of India. Both transfers were confirmed as non-slump sales and did not fall under related party transactions.
PFC Stock Price Movement
Today, Power Finance Corporation Limited stock shed 0.67%, concluding trading at ₹421.5. The equity saw a volatile day, trading within an intraday range that spanned from ₹417.3 to ₹429.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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