REC Incorporates Wholly Owned Subsidiary for Nawada Durgapur Power Transmission Project
REC Limited has established a new wholly owned subsidiary, Nawada Durgapur Power Transmission Limited, to manage interests in a significant power sector project. The company incorporated this entity on July 10, 2026.The incorporation is part of the activities undertaken by REC Power Development and Consultancy Limited (RECPDCL), which itself operates as a wholly owned subsidiary of REC Limited. Nawada Durgapur Power Transmission Limited now functions as a subsidiary of both RECPDCL and REC Limited under relevant corporate provisions.
This new entity was incorporated in connection with the ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor project. The establishment follows the allocation of the inter state transmission project by the Ministry of Power, Government of India, vide Gazette Notification dated March 24, 2026. REC Power Development and Consultancy Limited has been appointed as the Bid Process Coordinator (BPC) for this project.
The company is focused on the power sector. It was incorporated to handle the requirements for ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor. Post successful selection of the bidder through Tariff Based Competitive Bidding (TBCB) guidelines, Nawada Durgapur Power Transmission Limited is planned to transfer all its assets and liabilities to the winning entity.
Details regarding the new subsidiary are summarized below:
| Detail | Description |
|---|---|
| Subsidiary Name | Nawada Durgapur Power Transmission Limited |
| Incorporation Date | July 10, 2026 |
| Industry | Power Sector |
| Capital Structure | Authorized Capital: {S,OO,OOO/-}; Paid up Capital: {S,OO,OOO/-} |
| Project Focus | ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor |
| Acquisition Method | Wholly Owned by RECPDCL; 100% subscription to equity share capital in cash at face value. |
RECPDCL, which acts as the BPC for transmission projects assigned by various ministries and state governments, provides necessary services for the selection of the Transmission Service Provider through the TBCB process.
RECLTD Stock Price Movement
Today, REC Limited shares slipped by 0.2% to settle at ₹351.95 after trading closed. The stock witnessed an intraday range between ₹350.75 and ₹356.65, with over 4.02 million shares traded during 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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