"PFC Consulting Limited has transferred on November 23, 2015, its three wholly-owned subsidiary companies to Adani Transmission Limited, the investing affiliate of Adani Power Limited, the successful bidder selected through tariff-based competitive bidding guidelines for transmission services, issued by Power Ministry," PFC said in a BSE filing.
These three firms are Sipat Transmission Limited, Chhattisgarh-WR Transmission Limited and Raipur-Rajnandgaon-Warora Transmission Limited.
Adani Power won these three transmission projects through tariff-based competitive bidding process.
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