REC Limited Announces Incorporation of Three Wholly Owned Power Transmission Subsidiaries
REC Limited has announced the incorporation of three new subsidiary companies. These entities are Wholly Owned Subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), which itself is a subsidiary of REC Limited.The three newly incorporated companies are Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited. According to records, these companies are considered subsidiaries of REC Limited under the provisions of Section 2(87) of the Companies Act, 2013.
The new subsidiaries were incorporated on May 9, 2026.
Details of Incorporated Power Transmission Subsidiaries
The newly formed companies are set up to facilitate major inter-state transmission projects in the power sector. Key details regarding the subsidiaries, including their capital structure and project scope, are presented below.| Particulars | Bhadla Ramgarh Power Transmission Limited | Lakadia II Power Transmission Limited | Jam Khambhaliya Jamnagar Power Transmission Limited |
|---|---|---|---|
| Authorized Capital | ₹ 5,00,000/- | ₹ 5,00,000/- | ₹ 5,00,000/- |
| Paid up Capital | ₹ 5,00,000/- | ₹ 5,00,000/- | ₹ 5,00,000/- |
| Turnover | Not Applicable | Not Applicable | Not Applicable |
| Project Focus | Augmentation at Bhadla-III, Ramgarh PS and Kanpur (PG). | Transmission system for Integration of Power from RE Projects in Lakadia REZ in Gujarat - Phase II (7500 MW). | Common Transmission System for evacuation of power from Lakadia (Phase-II: 7.5 GW), Jam Khambhaliya (Phase-II: 5.5 GW) and Jamnagar (Phase-I: 1 GW) - Part-B. |
| Status | Incorporated for the project. Ministry of Power, Government of India vide Gazette Notification dated February 12, 2026 had allocated the inter-state transmission project. | Incorporated for the project. Ministry of Power, Government of India vide Gazette Notification dated February 12, 2026 had allocated the inter-state transmission project. | Incorporated for the project. Ministry of Power, Government of India vide Gazette Notification dated February 12, 2026 had allocated the inter-state transmission project. |
All three companies have been incorporated for the purpose of selecting bidders for these inter-state transmission projects, following the guidelines of Tariff Based Competitive Bidding (TBCB).
The companies are related parties of REC Limited, as they are Wholly Owned Subsidiaries of RECPDCL. The promoter, promoter group, or group companies stated that they do not have any interest in the subsidiaries except to the extent of their shareholding.
The nature of consideration for these subsidiaries involves 100% subscription to the equity share capital in cash, with the shares being acquired at face value.
RECLTD Stock Price Movement
On Friday, REC Limited shares slipped by 0.14% to settle at ₹359.40, marking a modest decline from the previous close. The stock traded within a range of ₹356.15 to ₹363.60, recording a substantial volume of 5.06 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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