Power Finance Corporation Limited Transfers Saswad Transmission Limited to MSETCL for ₹3.79 Crore
New Delhi: Power Finance Corporation Limited (PFC) has announced the transfer of Saswad Transmission Limited, a wholly owned subsidiary of PFC Consulting Limited, to Maharashtra State Electricity Transmission Company Limited.
The transaction was completed on February 26, 2026, following the selection of Maharashtra State Electricity Transmission Company Limited (MSETCL) as the successful bidder.
Project Background
Saswad Transmission Limited was incorporated for the development of the project titled:
“Establishment of 400/220 kV AIS Substation at Saswad in District Pune, Maharashtra.”
Transaction Details
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Date of Completion: February 26, 2026
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Consideration Received: ₹3,79,31,992 (Rupees Three Crore Seventy-Nine Lakh Thirty-One Thousand Nine Hundred Ninety-Two only)
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Nature of Sale: Transfer of wholly owned subsidiary (not a slump sale)
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Related Party Transaction: No
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Contribution to PFC’s Financials (Last FY): Negligible
The consideration for sale and transfer was determined in accordance with the guidelines issued by the Ministry of Power, Government of India.
PFC clarified that the successful bidder does not belong to the promoter or promoter group of the company.
Regulatory Disclosure
The disclosure was made to both BSE (Scrip Code: 532810) and the National Stock Exchange of India Limited under applicable SEBI (LODR) Regulations.