REC Incorporates Two Wholly Owned Subsidiaries for Power Transmission Projects
REC Limited has established two new wholly owned subsidiary companies focused on critical power transmission infrastructure. These entities, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, are subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly owned entity of REC Limited.The newly incorporated companies are intended to support significant intra state transmission projects in Maharashtra. These projects were allocated by the Government of Maharashtra, pursuant to a Gazette Notification dated February 27, 2026, under which RECPDCL has been appointed as the Bid Process Coordinator (BPC).
Beed Parli Power Transmission Limited was incorporated on July 17, 2026, and is designated for the Establishment of 765 kV AIS Parli in Beed. Similarly, Yavatmal Power Transmission Limited was incorporated on July 18, 2026, to focus on the Establishment of 400 kV AIS Yavatmal (Babhulgaon) in Yavatmal.
Both entities have an Authorized Capital and Paid up Capital of ₹5,00,000/- and are currently listed as not having turnover as they are newly incorporated companies that are yet to commence business operations. After the successful bidder is selected through the Tariff Based Competitive Bidding (TBCB) guidelines, each respective company will be transferred to that bidder along with all associated assets and liabilities.
The background of both entities involves RECPDCL acting as the 'BPC' for selection of a Transmission Service Provider via TBCB process for various independent inter state and intra state transmission projects assigned by the Ministry of Power and State Governments.
Key details regarding the two new power sector companies are summarized below:
| Particulars | Beed Parli Power Transmission Limited | Yavatmal Power Transmission Limited |
|---|---|---|
| Incorporation Date | July 17, 2026 | July 18, 2026 |
| Purpose of Incorporation | Establishment of 765 kV AIS Parli (District - Beed) | Establishment of 400 kV AIS Yavatmal (Babhulgaon) (Dist. - Yavatmal) |
| Authorized Capital | ₹ 5,00,000/- | ₹ 5,00,000/- |
| Paid up Capital | ₹ 5,00,000/- | ₹ 5,00,000/- |
| Turnover Status | Not Applicable (Newly incorporated) | Not Applicable (Newly incorporated) |
| Ownership & Related Party Status | Wholly Owned Subsidiary of RECPDCL and a related party to REC Limited. Promoter/group companies have no interest beyond shareholding. | Wholly Owned Subsidiary of RECPDCL and a related party to REC Limited. Promoter/group companies have no interest beyond shareholding. |
RECLTD Stock Price Movement
On Friday, REC Limited shares edged higher to close at ₹355.1, achieving a 1.29% gain over the previous day's close. The stock settled after seeing a total traded volume of 7.27 million shares for the session.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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