Key Entities Involved

  • REC Limited (listed entity)
  • REC Power Development and Consultancy Limited (RECPDCL) - Wholly Owned Subsidiary of REC Limited
  • Beed Parli Power Transmission Limited (CIN: U42202DL2026GOI468625)
  • Yavatmal Power Transmission Limited (CIN: U42202DL2026GOI468643)

Subsidiary Company Details

Beed Parli Power Transmission Limited

  • Date of Incorporation: July 17, 2026
  • Authorized Capital: ₹5,00,000/-
  • Paid-up Capital: ₹5,00,000/-
  • Turnover: Not Applicable (newly incorporated company yet to commence business)
  • Purpose: Establishment of 765 kV AIS Parli (District – Beed)
  • Government Notification: Maharashtra Government Gazette Notification dated February 27, 2026
  • Role of RECPDCL: Appointed as Bid Process Coordinator (BPC)

Yavatmal Power Transmission Limited

  • Date of Incorporation: July 18, 2026
  • Authorized Capital: ₹5,00,000/-
  • Paid-up Capital: ₹5,00,000/-
  • Turnover: Not Applicable (newly incorporated company yet to commence business)
  • Purpose: Establishment of 400 kV AIS Yavatmal (Babhulgaon) (Dist. – Yavatmal)
  • Government Notification: Maharashtra Government Gazette Notification dated February 27, 2026
  • Role of RECPDCL: Appointed as Bid Process Coordinator (BPC)

Corporate Structure and Relationship

Both companies are Wholly Owned Subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), which makes them subsidiary companies of REC Limited under Section 2(87) of the Companies Act, 2013. The acquisition constitutes a related party transaction since both are subsidiaries of RECPDCL.

Acquisition Details

  • Consideration: 100% subscription to equity share capital in cash at face value
  • Shareholding Acquired: 100% in both companies
  • Industry: Power Sector
  • Related Party Status: Yes, as wholly-owned subsidiaries of RECPDCL
  • Promoter/Promoter Group Interest: None except to the extent of shareholding

Future Transfer Process

After selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, both companies will be transferred to the successful bidder along with all assets and liabilities.

Business Background of RECPDCL

RECPDCL acts as the Bid Process Coordinator (BPC) for selection of Transmission Service Provider through TBCB process for independent inter-state and intra-state transmission projects assigned by the Ministry of Power and State Governments from time to time.