What did Power Finance Corporation sell?

Power Finance Corporation sold Saswad Transmission Ltd, a special purpose vehicle incorporated for the development of a substation in Pune, Maharashtra.

For how much was Saswad Transmission sold?

Saswad Transmission was sold for ₹3.79 crore to Maharashtra State Electricity Transmission Company Ltd.

When was the sale of Saswad Transmission completed?

The sale and transfer process for Saswad Transmission Ltd was completed on February 26, 2026.

Home / Business and Economy / PFC Sells Transmission Arm for ₹3.79 Crore

PFC Sells Transmission Arm for ₹3.79 Crore

27 Feb

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Summary

Power Finance Corporation sold Saswad Transmission for ₹3.79 crore.
The transfer was completed on February 26, 2026.
The sale involved a special purpose vehicle for a Pune substation.

PFC Sells Transmission Arm for ₹3.79 Crore

Power Finance Corporation (PFC) announced the completion of its sale of Saswad Transmission Ltd to Maharashtra State Electricity Transmission Company Ltd on February 26, 2026. The transaction value for this special purpose vehicle (SPV) was ₹3.79 crore. Saswad Transmission was established to develop a 400/220 kV substation in Saswad, Pune district, Maharashtra.

PFC clarified that the SPV's financial contribution to the company's turnover and net worth was minimal in the previous financial year. The sale was conducted according to Ministry of Power guidelines and does not represent a related party transaction.

Following the announcement on February 27, 2026, PFC's shares saw a 2% decline, closing at ₹412.20, despite a 13.98% gain over the preceding month. The company's stock experienced a temporary dip after the news of the divestment.

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