Intimation of incorporation of subsidiary companies.
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
REC Limited has informed stock exchanges that two new wholly owned subsidiary companies have been incorporated on September 30, 2025: Kempegowda Power Transmission Limited and Barmer HVDC Power Transmission Limited. Both are wholly owned subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary of REC Limited. The first company is set up for a 400 kV intra-state transmission project in Bengaluru, allocated by the Government of Karnataka. The second is for an inter-state transmission system to evacuate power from the Rajasthan Renewable Energy Zone Phase-IV (Part-5, 6 GW) at the Barmer Complex. Each company has been set up with a modest authorized and paid-up capital of ₹5 lakh. RECPDCL will act as Bid Process Coordinator, and after a successful bidder is selected via the Tariff Based Competitive Bidding process, both companies will be transferred along with their assets and liabilities.
This is a routine, operational disclosure. REC regularly forms such special-purpose subsidiaries to manage the bidding process for transmission projects, and the minimal capital involvement (₹5 lakh each) means negligible financial impact. The long-term significance is positive: these projects reinforce RECPDCL's role as a key Bid Process Coordinator in India's power transmission sector, supporting the company's ongoing project pipeline. No immediate material impact on shareholders or stock price is expected.