REC Ltd Subsidiary, Mekhali Power Transmission Limited, Incorporated for 400 KV Substation in Karnataka

REC Ltd has incorporated a new subsidiary, Mekhali Power Transmission Limited, pursuant to an order from the Energy department of the Government of Karnataka. The new company will establish a 400 KV Substation at Mekhali along with associated transmission lines in Belagavi District, Karnataka. Mekhali Power Transmission Limited is a wholly owned subsidiary of RECPDCL, making it a related party of REC Limited. The promoter and promoter group/group companies do not have any interest in Mekhali Power Transmission Limited except to the extent of its shareholding.