New Launch26 Dec 2025, 05:11 pm
REC Ltd Subsidiary Companies Incorporated: Dholpur Power, Jaisalmer Power, Ranipur Chunar Power Transmission
AI Summary
REC Ltd has informed about the incorporation of three wholly owned subsidiary companies, Dholpur Power Transmission Limited, Jaisalmer Power Transmission Limited, and Ranipur Chunar Power Transmission Limited, under REC Power Development and Consultancy Limited (RECPDCL). These companies have been appointed as Bid Process Coordinators (BPC) for various intra-state transmission projects in Uttar Pradesh and Rajasthan. After the selection of the successful bidder, the companies would be transferred to the successful bidder along with all assets and liabilities.
Key Highlights
- REC Ltd has incorporated three wholly owned subsidiary companies under RECPDCL.
- The subsidiaries have been appointed as Bid Process Coordinators (BPC) for various intra-state transmission projects in Uttar Pradesh and Rajasthan.
- Dholpur Power Transmission Limited, Jaisalmer Power Transmission Limited, and Ranipur Chunar Power Transmission Limited have been incorporated on December 23, 2025, and December 26, 2025.
- After the selection of the successful bidder, the companies would be transferred to the successful bidder along with all assets and liabilities.
- REC Limited, RECPDCL, and the subsidiaries are related parties, but the promoter, promoter group, or group companies do not have any interest in the subsidiaries except to the extent of its shareholding.