Transfer of Satara Power Transmission Ltd to Adani Energy Solutions for Rs. 19,01,24,505

PFC Consulting's wholly owned subsidiary Satara Power Transmission Ltd has been transferred to Adani Energy Solutions Ltd, the successful bidder, on 06.10.2026, for a consideration of Rs. 19,01,24,505.

Wed 7 Oct 2026

Consideration Received

Rs. 19,01,24,505

Transfer Date

06.10.2026

SPV Turnover/Net Worth Contribution

Negligible

What has been informed

• Power Finance Corporation Ltd has informed the exchanges that Satara Power Transmission Limited has been transferred to Adani Energy Solutions Limited, the successful bidder, on 06.10.2026.
• Satara Power Transmission Limited is a wholly owned subsidiary of PFC Consulting Limited, which is itself a wholly owned subsidiary of Power Finance Corporation Ltd, so the SPV sat two levels below the listed company.

What the SPV was set up for

• Satara Power Transmission Limited was established for the development of "Transmission System for Network Expansion Scheme in Western Region to cater to pumped storage potential near Satara (up to 4500 MW) - Part A)".

The money involved

• Consideration received from the sale/disposal: Rs. 19,01,24,505/-, as per the Share Purchase Agreement.
• The amount and percentage of turnover or revenue or income and net worth contributed by the SPV during the last financial year is stated as Negligible.

Other details given

• The successful bidder does not belong to the promoter or promoter group.
• The transaction does not fall within the purview of related party transactions.
• It is not in the nature of a slump sale; the consideration for sale and transfer of SPVs is determined in accordance with the guidelines issued, from time to time, by the Ministry of Power, Government of India.

How a retail investor might read it

• This is an intimation that a step-down subsidiary has moved to the buyer described as the successful bidder, with the consideration received stated in the update.
• The SPV's own contribution to turnover, revenue, income and net worth is described as negligible, so by the company's own description the unit is small.
• The buyer is not linked to the promoter group and the transaction is not a related party transaction.

Plain summary

• A PFC step-down SPV for a transmission scheme near Satara has been transferred to Adani Energy Solutions Limited for Rs. 19,01,24,505, and the company has set out the buyer's details and the nature of the transaction.

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