Date: July 10, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Incorporation of New Subsidiary:

  • Nawada Durgapur Power Transmission Limited (CIN: U42202DL2026GOI468300) has been incorporated as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL).
  • RECPDCL is itself a Wholly Owned Subsidiary of REC Limited.
  • The new company is therefore a subsidiary of REC Limited under Section 2(87) of the Companies Act, 2013.

Capital Structure:

  • Authorized Capital: ₹5,00,000/-
  • Paid-up Capital: ₹5,00,000/-
  • Turnover: Not Applicable (newly incorporated company yet to commence business)

Transaction Details:

  • Nature of Consideration: 100% subscription to equity share capital in cash.
  • Cost of Acquisition: Subscription at face value.
  • Percentage of Shareholding Acquired: 100%

Purpose and Background:

  • The company was incorporated for the specific purpose of the ERES-47: Nawada-Durgapur-Jeerat (New) 765kV transmission corridor project.
  • The Ministry of Power, Government of India, via a Gazette Notification dated March 24, 2026, allocated this inter-state transmission project.
  • RECPDCL has been appointed as the Bid Process Coordinator (BPC) for this project.
  • After the selection of a successful bidder through the Tariff Based Competitive Bidding (TBCB) process, the subsidiary company will be transferred to that bidder along with all its assets and liabilities.

Related Party Transaction:

  • Nawada Durgapur Power Transmission Limited is a Wholly Owned Subsidiary of RECPDCL, making it a related party of REC Limited.
  • The promoter/promoter group/group companies have no interest in the new entity beyond this shareholding structure.

Other Operational / Legal / Strategic Disclosures

Industry Classification: Power Sector.

Governmental Approvals: The incorporation was done pursuant to the Gazette Notification dated March 24, 2026, issued by the Ministry of Power, Government of India, which nominated RECPDCL as the BPC.

Timeframe: The indicative time period for the completion of the acquisition is stated as "Not Applicable."