Date: September 26, 2026
Divestment / Strategic Actions
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has sold and transferred its entire shareholding in Ranipur Chunar Power Transmission Limited. The sale comprised 50,000 equity shares and was transferred along with all assets and liabilities to the successful bidder, H G Infra Engineering Limited, on September 26, 2026.
The transaction was executed pursuant to a tariff-based competitive bidding process. The total consideration received was ₹188,49,228 (One Crore Eighty Eight Lakh Forty Nine Thousand Two Hundred Twenty Eight Rupees). This amount is inclusive of professional fees and reimbursement of expenses and represents the full acquisition price, including taxes.
With effect from September 26, 2026, Ranipur Chunar Power Transmission Limited ceased to be a subsidiary of both RECPDCL and REC Limited.
The buyer, H G Infra Engineering Limited, does not belong to the Promoter or Promoter group of REC Limited. The transaction does not fall within the purview of a related party transaction.
The sale is not in the nature of a slump sale. The consideration for the sale and transfer was determined in accordance with guidelines issued by the Ministry of Power, Government of India. The transaction was not part of any Scheme of Arrangement.