Core Announcement – Order Details
Awarding Entity: REC Power Development and Consultancy Limited (RECPDCL), acting as Bid Process Coordinator (BPC) on behalf of Maharashtra State Transmission Utility.
Domestic/International Order: Domestic Entity
Nature of Order/Contract:
Development, financing, design, engineering, procurement, construction, testing, commissioning, operation and maintenance of transmission assets. The project involves establishment of 400 KV AIS Yavatmal (Babhulgaon) in Yavatmal District, Maharashtra, to be executed on Build, Own, Operate and Transfer (BOOT) basis under Tariff Based Competitive Bidding (TBCB) route and Transmission Service Agreement (TSA).
Order Value:
INR 1151.47 crore (excluding GST)
Materiality Context:
The company has been declared as L-1 (successful) bidder through a competitive bidding process. Not specified whether major, significant, or routine.
Execution Timeline:
Construction and commissioning to be completed within 24 months from the Effective Date as per RFP. The operational period is 35 years from Commercial Operation Date (COD) after the construction period.
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No, the transaction does not fall under related party transactions.
Promoter Group Involvement:
No, the promoter/promoter group companies do not have any interest in the entity that awarded the order.
Financial Implication:
Not Specified