Power Finance Corporation Transfers Anantapur II Transmission Project for ₹192.3 Million to Resonia Ltd

Power Finance Corporation Ltd (PFC), a power sector major financial institution, has reported the successful transfer of its subsidiary's Anantapur II REZ Transmission Limited to Resonia Limited. The transaction, worth ₹192.3 million, is a major milestone in the asset monetization initiative of PFC and aligns with India's renewable energy target.

 

Key Highlights:

Optimistic Approach:

This transaction reflects PFC's emphasis on facilitating India's energy transition as well as diversifying its asset base. The proceeds from this transaction will be used to support other green energy projects and infrastructure development.

 

By this action, PFC continues to enhance itself as a central facilitator of India's plans for renewable energy.

 

Sources: Business Standard, Economic Times, BSE Filings; April 1, 2025