Power Finance Corporation Ltd. Transfers South Kalamb Power Transmission Limited to Adani Energy Solutions
Power Finance Corporation Ltd. (PFC) announced the transfer of South Kalamb Power Transmission Limited, a wholly-owned subsidiary of PFC Consulting Limited, to Adani Energy Solutions Limited on March 30, 2026. The transfer follows a bidding process completed on the same date.South Kalamb Power Transmission Limited was established for the development of the "Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A." The transaction involved a consideration of Rs. 12,53,27,500 as per the Share Purchase Agreement.
Adani Energy Solutions Limited is the successful bidder and does not belong to the promoter or promoter group. The transaction does not constitute a related-party transaction and is not considered a slump sale. The consideration for the sale and transfer of the special purpose vehicle (SPV) aligns with guidelines issued by the Ministry of Power, Government of India.
The turnover or revenue or income and net worth contributed by the unit during the last financial year was negligible.
| SI. No. | Particulars | Details |
|---|---|---|
| 1. | Contribution to revenue/net worth | Negligible |
| 2. | Date of agreement | March 30, 2026 |
| 3. | Completion date | March 30, 2026 |
| 4. | Consideration received | Rs. 12,53,27,500 |
| 5. | Details of buyer | Adani Energy Solutions Limited |
| 6. | Related party transaction? | No |
| 7. | Slump sale? | No |
The information was provided by Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation Ltd.
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