Date: 12.10.2026

Disinvestment / Strategic Actions

Power Finance Corporation Ltd (PFC) has completed the transfer of three wholly-owned special purpose vehicles (SPVs) of its subsidiary PFC Consulting Limited to successful bidders on October 12, 2026.

The specific transactions are:

  • Jam Khambhaliya REZ Transmission Limited - transferred to Power Grid Corporation of India Limited for development of "Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat -Phase II (5500MW) and Jamnagar Phase-I (1000 MW)"
  • Lakadia C Power Transmission Limited - transferred to Power Grid Corporation of India Limited for development of "Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: I GW) -Part-C"
  • Lakadia A Power Transmission Limited - transferred to AnantGrid Projects One Private Limited for development of "Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5GW), Jam Khambhaliya (Phase-II: 5.5GW) and Jamnagar (Phase-I: l GW) - Part-A"

Transaction Details

Consideration Received:

  • Jam Khambhaliya REZ Transmission Limited: ₹19,22,27,359 (Rupees Nineteen Crore Twenty Two Lakh Twenty Seven Thousand Three Hundred and Fifty Nine Only)
  • Lakadia C Power Transmission Limited: ₹19,93,64,817 (Rupees Nineteen Crore Ninety Three Lakh Sixty Four Thousand Eight Hundred and Seventeen Only)
  • Lakadia A Power Transmission Limited: ₹19,31,67,181 (Rupees Nineteen Crore Thirty One Lakh Sixty Seven Thousand One Hundred and Eighty One Only)
  • Total Consideration: ₹58,47,59,357

Financial Contribution: All three SPVs contributed negligible turnover/revenue/income and net worth to the listed entity during the last financial year.

Buyer Details:

  • Power Grid Corporation of India Limited - does not belong to Promoter and Promoter group
  • AnantGrid Projects One Private Limited - relationship not specified but transaction does not qualify as related party

Regulatory Status:

  • The transaction does not fall within the purview of related party transaction
  • The sale is not in the nature of slump sale
  • Consideration was determined in accordance with Guidelines issued by the Ministry of Power, Government of India