Intimation of incorporation of subsidiary company.
RECLTD · price
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REC Limited has informed the exchanges that a new company called Munak Power Transmission Limited has been incorporated on January 5, 2026, as a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly owned subsidiary of REC. The subsidiary has an authorized and paid-up capital of Rs 5 lakh each and has not yet started operations. The company was set up as a special purpose vehicle for a 400 kV substation project at Munak and associated transmission lines for evacuating 800 MW of power from DCRTPP, Yamunanagar, a project allocated by Haryana Vidyut Prasaran Nigam Limited. RECPDCL will act as the Bid Process Coordinator (BPC) and the new company will be transferred to the winning bidder after a tariff-based competitive bidding process.
This is a routine operational step in REC's BPC business and is unlikely to have a material impact on shareholders or the stock price. The subsidiary is a temporary SPV that will eventually be handed over to the successful bidder, so it represents no long-term capital commitment for REC.