Power Finance Corporation Limited (PFC) Transfers Wagdari Transmission Ltd to KCC Buildcon for ₹4.41 Crore

New Delhi, 27 March 2026: Power Finance Corporation Limited (PFC), a Government of India enterprise and a leading financial institution in the power sector, has announced the transfer of its wholly-owned subsidiary, Wagdari Transmission Limited, to KCC Buildcon Private Limited. The transaction was completed on 27 March 2026.

Wagdari Transmission Limited was established to implement the “Transmission Scheme for Establishment of 400/220 kV AIS Wagdari” in Solapur district, Maharashtra. As part of the sale, PFC Consulting Limited, which wholly owns Wagdari Transmission Limited, transferred the company to KCC Buildcon, the successful bidder.

Transaction Highlights

• Transaction Date: 27 March 2026
• Consideration: ₹4.41 crore (Rupees Four Crore Forty-One Lakh Ten Thousand Eight Hundred Twenty-Six only)
• Buyer: KCC Buildcon Private Limited (independent of PFC’s promoter or promoter group)
• Nature of Transaction: Not a slump sale
• Financial Impact: Negligible contribution to turnover or net worth in the last financial year

The sale has been executed in accordance with guidelines issued by the Ministry of Power, Government of India, ensuring transparency and compliance with statutory norms. The transfer does not fall under related-party transactions and was carried out at arm’s length.

About the Subsidiary

Wagdari Transmission Limited was primarily engaged in developing infrastructure for the 400/220 kV transmission project in Wagdari, Solapur. The company’s operations were aligned with PFC’s mandate to facilitate power sector growth through financing, project management, and consultancy. With the transfer to KCC Buildcon, the project is expected to proceed with dedicated resources and a focus on timely execution.

About PFC

Power Finance Corporation Limited is a ‘Navratna’ Government of India enterprise and a leading financial institution providing funding and consultancy to the power sector. PFC supports the development of power generation, transmission, and distribution projects across India. The company is ISO 45001:2018 certified and listed on both NSE and BSE.

PFC’s operations include:

• Providing long-term and short-term project financing
• Consultancy for power sector projects
• Advisory services for infrastructure development

This transfer reflects PFC’s strategy to optimize its portfolio and focus on core financing and consultancy operations while ensuring that ongoing infrastructure projects continue under capable management.

Contact Details

• Registered Office: Urjanidhi, 1 Barakhamba Lane, Connaught Place, New Delhi – 110001
• Corporate Office: PFC Bhawan, Plot No. 2, Sector-29, Gurugram – 122001
• Email: [email protected]
• Phone: 011-23456000
• Website: www.pfcindia.com

Key Takeaway:
The sale of Wagdari Transmission Limited to KCC Buildcon for ₹4.41 crore ensures that PFC can streamline its operations while the transmission project in Solapur moves forward under new ownership. The transaction is fully compliant with Ministry of Power guidelines and executed at arm’s length, highlighting PFC’s commitment to transparency and effective governance.