Power Finance Corporation Limited — Important, 08-11-2024: General Updates

Power Finance Corporation Limited has transferred two wholly-owned subsidiaries, Khavda PSI and 3 Transmission Limited, and Barmer I Transmission Limited, to Power Grid Corporation of India Limited. The sale was completed on November 7, 2024, with considerations of Rs. 7.92 crore and Rs. 18.89 crore, respectively. These subsidiaries were involved in developing specific transmission projects, but their contribution to Power Finance Corporation's turnover was negligible during the last financial year.