Joint Venture12 Dec 2025, 06:01 pm
Power Finance Corporation Ltd Transfers KPS III HVDC Transmission Limited to Adani Energy Solutions Limited
AI Summary
Power Finance Corporation Ltd has transferred KPS III HVDC Transmission Limited, a wholly owned subsidiary of its subsidiary PFC Consulting Limited, to Adani Energy Solutions Limited. The SPV was established for the development of ‘Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujrat under Phase-V (8GW): Part C™. The process for sale and transfer was completed on 12.12.2025. The consideration received from the buyer was Rs. 20,32,54,965/-. The successful bidder, Adani Energy Solutions Limited, does not belong to the promoter or promoter group. The transaction does not fall within the purview of related party transactions and is not a slump sale.
Key Highlights
- Power Finance Corporation Ltd transfers KPS III HVDC Transmission Limited to Adani Energy Solutions Limited
- The SPV was established for the development of ‘Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujrat under Phase-V (8GW): Part C™
- The consideration received from the buyer was Rs. 20,32,54,965/-
- The successful bidder, Adani Energy Solutions Limited, does not belong to the promoter or promoter group
- The transaction does not fall within the purview of related party transactions and is not a slump sale