Intimation of incorporation of subsidiary company.
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REC Limited has informed exchanges that Robertsganj Power Transmission Limited has been incorporated on May 28, 2025 as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly owned subsidiary of REC Limited. The new company has an authorized and paid-up capital of ₹5 lakh each and is yet to commence business. The purpose of incorporation is to set up a transmission system for evacuation of power from pumped storage projects in Sonbhadra District, Uttar Pradesh, following a Ministry of Power Gazette Notification dated March 19, 2025. RECPDCL will act as the Bid Process Coordinator (BPC), and after selection of a successful bidder under the Tariff Based Competitive Bidding (TBCB) process, the new company will be transferred to that bidder along with all assets and liabilities.
This is a routine step-down subsidiary creation under REC's standard BPC model and is unlikely to materially impact REC's financials or stock price. The new entity will eventually be handed over to the winning bidder, so it is a temporary vehicle rather than a long-term asset for REC.