Power Grid Corporation of India Limited (PGCIL) has successfully acquired the wholly-owned subsidiaries of PFC Consulting Limited in a strategic move to bolster its operational capabilities and expand its portfolio. This acquisition, announced today, is significant as it is not classified as a related party transaction or a slump sale, ensuring a transparent and structured transfer of assets.
The consideration for the sale was determined according to the Ministry of Power guidelines.
This acquisition underscores PGCIL’s commitment to strengthening its infrastructure and maintaining its leadership position in the power industry.
TOPICS:
Power Grid Corporation