Divestment30 May 2026, 05:21 pm
REC Ltd: Sells Hampapura & Mekhali SPVs for ₹16.66 Cr
AI Summary
REC Ltd's subsidiary, RECPDCL, has sold its entire shareholding in Hampapura Power Transmission Limited and Mekhali Power Transmission Limited to Resonia Limited and Dilip Buildcon Limited, respectively. The sales were completed on May 30, 2026, following a tariff-based competitive bidding process. The consideration received was ₹8,60,77,476 for Hampapura and ₹8,05,99,524 for Mekhali, inclusive of taxes, professional fees, and expenses. These SPVs are no longer subsidiaries of RECPDCL or REC Limited.
Key Highlights
- RECPDCL sold Hampapura Power to Resonia Ltd for ₹8.61 Cr.
- Mekhali Power Transmission sold to Dilip Buildcon for ₹8.06 Cr.
- Sales completed May 30, 2026, after competitive bidding.
- The buyers are not part of the promoter group.
- The transactions are not related party transactions.
Price Impact
More from RECLTD