Announced Tue, 30 Jun · 22:05 IST
REC sells two power transmission SPVs via competitive bidding
Strategic Transactions View source PDF
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹364.05
prior close
₹365.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.7-0.6+1.4+0.3+0.5-2.3-4.5-3.1-1.1———
Up moveDown movePending
AI summary
REC has transferred two project-specific subsidiaries from its wholly owned unit RECPDCL to Power Grid Corporation (WR ER Part A) and H G Infra Engineering (WR ER Part C), effective June 30, 2026. Combined consideration is about Rs 20.54 crore including taxes. The sale was done through tariff-based competitive bidding as per Ministry of Power guidelines. Buyers are not related parties and turnover contribution from these SPVs was negligible.
Likely market impact
Minor asset sale totalling about Rs 20.54 crore from non-related buyers. Negligible revenue impact, no material financial effect expected on REC.