REC Incorporates Kesurdi Power Transmission Limited for Major Transmission Project
REC Limited has completed the incorporation of a new entity, Kesurdi Power Transmission Limited (KPTL), marking a strategic move in the power sector. KPTL has been incorporated as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is itself a subsidiary of REC Limited under the Companies Act, 2013.The incorporation was finalized on July 14, 2026. Kesurdi Power Transmission Limited has been established for the specific purpose of establishing the 220 kV GIS Kesurdi project in Satara district, Maharashtra. This project was allocated by the Government of Maharashtra.
REC Power Development and Consultancy Limited (RECPDCL) has been appointed as the Bid Process Coordinator (BPC) for this initiative. The acquisition and establishment of KPTL fall under the power sector industry.
Key Details of Kesurdi Power Transmission Limited
The company, being newly incorporated, is structured to manage the project until a successful bidder is selected through the Tariff Based Competitive Bidding (TBCB) guidelines. Upon selection of the successful bidder, KPTL will transfer along with all its assets and liabilities to that entity.Financial details and background information regarding Kesurdi Power Transmission Limited are as follows:
| Particulars | Details |
|---|---|
| Name | Kesurdi Power Transmission Limited |
| Incorporation Date | July 14, 2026 |
| Authorized Capital | ~5,00,000/- |
| Paid up Capital | ~5,00,000/- |
| Objects of Incorporation | Establishment of 220 kV GIS Kesurdi in Satara District |
KPTL is a Wholly Owned Subsidiary of RECPDCL, making it a related party to REC Limited. The project aims to support the selection of a Transmission Service Provider through TBCB processes for both independent inter-state and intra state transmission projects assigned by various governmental bodies.
RECLTD Stock Price Movement
On Tuesday, shares of REC Limited edged higher to close at ₹352.45, following a notable gain of 0.54% on the exchange. The equity traded within the day's range of ₹346.85 and ₹353.60, with total volume registering 3.71 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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