REC Ltd Incorporates Wholly Owned Subsidiary Dharashiv Power Transmission

REC Limited has announced the incorporation of its wholly-owned subsidiary, Dharashiv Power Transmission Limited. This new entity, incorporated on July 21, 2026, is a subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly-owned subsidiary of REC Limited. The subsidiary has been established for the purpose of establishing a 400 kV GIS Solapur/Paranda Switching Station in the Dharashiv district of Maharashtra. The incorporation follows a Gazette Notification by the Government of Maharashtra appointing RECPDCL as the Bid Process Coordinator for this project. Dharashiv Power Transmission Limited will be transferred to the successful bidder selected through the Tariff Based Competitive Bidding (TBCB) process. The initial authorized and paid-up capital is ₹5,00,000 each.