REC sells Nawada Durgapur Power Transmission SPV to Shivalaya Construction

Strategic Transactions View source PDF Explain this filing

RECLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹307.80

prior close

₹307.00

announcement price

After-mkt

timing

Nifty Midcap 150market-1.1%-0.7% vs market

Financial Institution peers, median of 7sector-2.1%+0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 0.3 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.6

15m

+0.3

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-1.1-0.7-2.1+0.3

Next day

-1.7-2.5+0.7-4.3+2.6

-2.2-3.3+1.1-4.0+1.9

-4.5-5.3+0.8-7.2+2.7

-3.7-4.3+0.6-6.4+2.7

-6.9-3.4-3.5-7.1+0.2

-3.2-2.3-1.0-5.4+2.2

15d

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC's wholly owned subsidiary RECPDCL has sold its entire 50,000 equity shares in Nawada Durgapur Power Transmission Limited to Shivalaya Construction Limited for about Rs 18.45 crore including taxes and fees. The sale was completed through tariff based competitive bidding on October 16, 2026. The buyer is not related to REC's promoter group and the transaction is not a related party deal. The divested SPV's contribution to REC's revenue was negligible.

Likely market impact

Negligible financial impact on REC. The project SPV is no longer a subsidiary of REC or RECPDCL going forward.