Subsidiary9 May 2026, 03:40 pm
REC Ltd Incorporates Three New Subsidiaries
AI Summary
REC Ltd announces the incorporation of three wholly-owned subsidiaries under REC Power Development and Consultancy Limited (RECPDCL). These subsidiaries, Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited, were formed to manage inter-state transmission projects allocated by the Ministry of Power. After the selection of successful bidders, these companies will be transferred along with their assets and liabilities, following Tariff Based Competitive Bidding (TBCB) guidelines.
Key Highlights
- REC Ltd incorporates three new wholly-owned subsidiaries via RECPDCL.
- Subsidiaries to manage inter-state transmission projects allocated by the Ministry of Power.
- The subsidiaries are: Bhadla Ramgarh, Lakadia II, and Jam Khambhaliya Jamnagar Power Transmission Limited.
- Each subsidiary has an authorized and paid-up capital of ₹5,00,000.
- Companies will be transferred to successful bidders post-selection per TBCB guidelines.
Price Impact
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