REC Ltd Incorporates Wholly Owned Subsidiary Zanskar Renewable Energy

REC Ltd, through its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL), has incorporated a new wholly-owned subsidiary named Zanskar Renewable Energy Limited. This new entity has an authorized and paid-up capital of ₹5,00,000 each. It has been incorporated for the development of a 140 MWp Solar + 400 MWh BESS Plant in UT of Ladakh. The subsidiary was incorporated on October 29, 2026, pursuant to a letter dated September 14, 2026, from the Power Development and New & Renewable Energy Department, UT-Ladakh, which appointed RECPDCL as the Bid Process Coordinator (BPC). After the selection of a successful bidder via Tariff Based Competitive Bidding (TBCB), Zanskar Renewable Energy Limited will be transferred to the successful bidder along with its assets and liabilities. The acquisition cost was 100% subscription to the equity share capital in cash at face value.