REC Incorporates Three Power Transmission Subsidiaries

REC Limited incorporated three new wholly-owned power transmission subsidiaries via its subsidiary RECPDCL on May 8-9, 2026.
Each subsidiary has an authorized and paid-up capital of ₹5 lakh and was formed for specific inter-state transmission projects allocated by the Ministry of Power.
The subsidiaries will be transferred to successful bidders selected via Tariff Based Competitive Bidding (TBCB) process along with all assets and liabilities.
The incorporation is a related party transaction for REC Limited but is conducted at arm's length with no promoter interest beyond shareholding.