New Launch31 Mar 2025, 05:31 pm
REC Ltd Subsidiary, Velgaon Power Transmission Limited, Incorporated for 400/200 kV Velgaon S/Stn(GIS) Project
AI Summary
REC Ltd, through its subsidiary REC Power Development and Consultancy Limited (RECPDCL), has incorporated a new wholly owned subsidiary, Velgaon Power Transmission Limited. The new company has been incorporated with an authorized capital and paid up capital of INR 5,00,000 each. It has been incorporated for the Establishment of 400/200 kV Velgaon S/Stn(GIS) project, following the allocation of an intra-state transmission project by the Government of Maharashtra. RECPDCL has been appointed as the Bid Process Coordinator (BPC) for the project.
Key Highlights
- REC Ltd subsidiary, Velgaon Power Transmission Limited, incorporated as wholly owned subsidiary of RECPDCL
- Incorporated for the Establishment of 400/200 kV Velgaon S/Stn(GIS) project
- Government of Maharashtra allocated intra-state transmission project to RECPDCL
- RECPDCL appointed as Bid Process Coordinator (BPC) for the project
- Velgaon Power Transmission Limited has an authorized and paid up capital of INR 5,00,000 each