New Launch18 Jun 2025, 01:39 pm
REC Ltd Subsidiary, Rajgarh Neemuch Power Transmission Limited, Incorporated for Transmission System for Evacuation of Power
AI Summary
REC Ltd has informed about the incorporation of its wholly owned subsidiary, Rajgarh Neemuch Power Transmission Limited. The company has been incorporated for the transmission system for evacuation of power from RE projects in Rajgarh and Neemuch SEZs in Madhya Pradesh. REC Power Development and Consultancy Limited (RECPDCL) has been appointed as the Bid Process Coordinator (BPC) for the selection of the bidder for this project. After the selection of the successful bidder, the company would be transferred to the bidder along with all assets and liabilities.
Key Highlights
- REC Ltd has incorporated a new wholly owned subsidiary, Rajgarh Neemuch Power Transmission Limited
- The new company is incorporated for the transmission system for evacuation of power from RE projects in Rajgarh and Neemuch SEZs
- RECPDCL has been appointed as the Bid Process Coordinator (BPC) for the selection of the bidder
- The new company would be transferred to the successful bidder along with all assets and liabilities after the selection
- Rajgarh Neemuch Power Transmission Limited is a related party of REC Limited