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Power Finance Corporation’s arm transfers SPV to Adani Energy Solutions

21 Mar 2025 Evaluate

Power Finance Corporation’s (PFC) arm -- PFC Consulting has transferred its wholly owned subsidiary -- Mundra I Transmission to Adani Energy Solutions for a consideration of Rs 18.65 crore on March 20, 2025. 

Mundra I Transmission is a Special Purpose Vehicle (SPV) established for the development of ‘Transmission system for supply of power to Green Hydrogen/ Ammonia manufacturing potential in Mundra area of Gujarat under Phase-I: Part B 1 scheme (3 GW at Navinal S/s)’. 

Power Finance Corporation is engaged in providing financial assistance to Power Utilities for meeting financing and development requirements of the power sector.

Peers
Company Name CMP
Power Finance Corpn. 326.80
REC 299.55
NHIT 168.00
Satin Creditcare Net 225.55
IFCI 64.17
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