New Launch16 Feb 2026, 05:04 pm
REC Ltd Incorporates Wholly Owned Subsidiary 'Vizag Power Transmission Limited'
AI Summary
REC Ltd has informed the stock exchange about the incorporation of a new wholly owned subsidiary, Vizag Power Transmission Limited. This new company has been incorporated to serve as the transmission system for proposed Green Hydrogen/ Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I). REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has been appointed as the Bid Process Coordinator (BPC) for the selection of the bidder for this project. Once the successful bidder is selected, Vizag Power Transmission Limited will be transferred to them along with all assets and liabilities.
Key Highlights
- REC Ltd incorporates a new wholly owned subsidiary, Vizag Power Transmission Limited
- Vizag Power Transmission Limited to serve as the transmission system for proposed Green Hydrogen/ Green Ammonia projects in Vizag area, Andhra Pradesh (Phase-I)
- REC Power Development and Consultancy Limited (RECPDCL) appointed as the Bid Process Coordinator (BPC) for the selection of the bidder
- Once the successful bidder is selected, Vizag Power Transmission Limited will be transferred to them along with all assets and liabilities
- REC Limited, REC Power Development and Consultancy Limited, and Vizag Power Transmission Limited are all related parties