Key Quantitative Figures

  • Zanskar Renewable Energy Limited was incorporated on October 29, 2026
  • Authorized Capital: ₹5,00,000
  • Paid up Capital: ₹5,00,000
  • Shareholding: 100% owned by REC Power Development and Consultancy Limited (RECPDCL)
  • Project Capacity: 140 MWp Solar + 400 MWh BESS Plant

Dates of Action

  • September 14, 2026: Power Development and New & Renewable Energy Department, UT-Ladakh allocation letter
  • October 29, 2026: Incorporation of Zanskar Renewable Energy Limited
  • October 30, 2026: Date of regulatory filing

Parties Involved

  • REC Limited (listed entity)
  • REC Power Development and Consultancy Limited (RECPDCL) - Wholly Owned Subsidiary of REC Limited
  • Zanskar Renewable Energy Limited (new subsidiary, CIN: U35105DL2026GOI471951)
  • Power Development and New & Renewable Energy Department, UT-Ladakh (government authority)

Purpose and Rationale

The subsidiary was incorporated for the development of 140 MWp Solar + 400 MWh BESS Plant at Karsha Village, Zanskar District, UT of Ladakh. RECPDCL has been appointed as Bid Process Coordinator (BPC) for this project through Tariff Based Competitive Bidding (TBCB) process.

Transaction Details

  • Consideration: 100% subscription to equity share capital in cash at face value
  • Acquisition type: Wholly owned subsidiary
  • Related party transaction: Yes, as Zanskar Renewable Energy Limited is a subsidiary of RECPDCL
  • Arm's length nature: The promoter, promoter group, and group companies have no interest except for shareholding

Future Plan

After selection of the successful bidder through the TBCB process, Zanskar Renewable Energy Limited will be transferred to the successful bidder along with all assets and liabilities.

Financial Impact

Current financial impact limited to the subscription amount of ₹5,00,000. The company is newly incorporated and yet to commence business operations, hence no turnover reported.

Industry Classification

The subsidiary operates in the Power Sector, specifically renewable energy development.

Government Approvals

Incorporation was pursued pursuant to the Letter dated September 14, 2026 issued by Power Development and New & Renewable Energy Department, UT-Ladakh.