Two transmission project SPVs transferred to successful bidders for Rs. 3,71,81,895 and Rs. 7,40,55,693

Two project SPVs held under PFC Consulting have been transferred to their winning bidders on 28.09.2026.

Mon 28 Sep 2026

Latur REZ Transmission Limited - Transfer Price

Rs. 3,71,81,895/-

Raigad Power Transmission Limited - Transfer Price

Rs. 7,40,55,693/-

Transfer Date

28.09.2026

Buyer 1

Montecarlo Energy Limited

Buyer 2

Apraava Energy Private Limited

What happened

PFC Consulting Limited, a wholly owned subsidiary of PFC, has transferred two of its own wholly owned project companies to the bidders who won them, with the process completed on 28.09.2026.

• Latur REZ Transmission Limited, set up for Establishment of 400/220/132 kV AIS Latur, transferred to Montecarlo Energy Limited for Rs. 3,71,81,895/-
• Raigad Power Transmission Limited, set up for Establishment of 765/400/220 kV AIS Kandalgaon (Dist. Raigad), transferred to Apraava Energy Private Limited for Rs. 7,40,55,693/-

How to read it

These are special purpose vehicles created to bid out transmission projects. PFC Consulting forms them, runs the competitive bidding, and hands them over to the winner. This is a routine part of its bid process advisory role rather than a sale of an operating business.

Financial significance

The update states the turnover, income and net worth contributed by each of these units during the last financial year was negligible. Consideration in both cases is as per the respective Share Purchase Agreement, determined in accordance with guidelines issued from time to time by the Ministry of Power, Government of India.

Other disclosures

• Neither buyer belongs to the promoter or promoter group
• Neither transaction falls within related party transactions
• Neither transaction is in the nature of a slump sale

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