PFC Sells Fatehgarh II Transmission to Power Grid for ₹19.11 Cr

Power Finance Corporation Ltd (PFC) has announced the transfer of its wholly-owned subsidiary, Fatehgarh II Transmission Limited, to Power Grid Corporation of India Limited. The subsidiary was established for the development of synchronous condenser units at Fatehgarh-II PS. The sale process was completed on August 28, 2026, with a consideration of ₹19,11,35,596/-. Fatehgarh II Transmission Limited's contribution to PFC's turnover, revenue, and net worth in the last financial year was negligible. The transaction is not considered a slump sale and does not fall under related party transactions. Power Grid Corporation of India Limited was the successful bidder and does not belong to PFC's promoter or promoter group.