PFC transfers Angul Sundargarh transmission project to HG Infra
Power Finance Corporation Ltd (PFC) has transferred its subsidiary, Angul Sundargarh Transmission Ltd, to HG Infra Engineering Ltd. Angul Sundargarh Transmission Ltd is a special purpose vehicle (SPV) for the Eastern Region Generation Scheme-I (ERGS-I), a central transmission project. The handover was completed on July 28, 2025, under a signed Share Purchase Agreement. The selection was based on tariff-based competitive bidding. HG Infra emerged as the lowest bidder (L-1) by quoting Rs 431.11 million annually…

