Subsidiary10 Jul 2026, 07:30 pm
REC Ltd Incorporates Wholly Owned Subsidiary for Power Transmission Project
AI Summary
REC Ltd, through its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL), has incorporated a new wholly-owned subsidiary named Nawada Durgapur Power Transmission Limited. This new entity has been established to undertake the ERES-47: Nawada - Durgapur - Jeerat (New) 765kV corridor project, for which RECPDCL has been appointed as the Bid Process Coordinator. The subsidiary has an authorized and paid-up capital of ₹5,00,000. It is a related party to REC Limited, and the promoter group has no interest beyond shareholding. The company will be transferred to the successful bidder post selection.
Key Highlights
- REC Ltd incorporates Nawada Durgapur Power Transmission Limited as a wholly-owned subsidiary.
- The new entity is formed for the ERES-47 power transmission project.
- RECPDCL, a subsidiary of REC, acts as the Bid Process Coordinator.
- The subsidiary has an initial capital of ₹5,00,000.
- The company will be transferred to the successful bidder after project award.
Price Impact
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