Intimation of incorporation of subsidiary companies.
RECLTD · price
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REC Limited has announced the incorporation of three new wholly-owned subsidiary companies through its subsidiary REC Power Development and Consultancy Limited (RECPDCL). These are Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited. Each company has an authorized and paid-up capital of ₹5 lakh. These subsidiaries have been created to handle inter-state power transmission projects allocated by the Ministry of Power, Government of India. The projects include transmission systems for renewable energy zones in Rajasthan and Gujarat with capacities ranging from 1 GW to 7.5 GW. After competitive bidding under TBCB guidelines, these SPVs will be transferred to successful bidders along with all assets and liabilities.
This is a routine corporate structuring exercise creating special purpose vehicles for transmission projects. The subsidiaries are temporary holding entities and will be transferred post-bidding, so the direct impact on REC's financials is minimal. However, it demonstrates RECPDCL's continued role as a Bid Process Coordinator for government power transmission projects.