REC Limited Incorporates Two Wholly Owned Subsidiaries for Power Transmission Projects
REC Power Development and Consultancy Limited (RECPDCL), a Wholly Owned Subsidiary of REC Limited, has incorporated two new Wholly Owned Subsidiary companies focused on specialized power transmission projects. The companies, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, are structured to manage key intra-state transmission assignments.These new entities are subsidiaries of REC Limited under the Companies Act, 2013. The incorporation comes as part of the assignments given by the Ministry of Power and State Governments, wherein RECPDCL acts as the Bid Process Coordinator (BPC) for the selection of the Transmission Service Provider through the Tariff Based Competitive Bidding (TBCB) process.
The incorporated companies are positioned to handle significant power projects in Bihar and Maharashtra. Vikramshila Power Transmission Limited is focused on the Evacuation of Power from 3x800 MW STPP Pirpainti, while Alkud II Power Transmission Limited is assigned to the Establishment of 765/4001220 kV AIS Alkud-II/Jath (Dist. Sangli).
The key details regarding the incorporated entities and their associated projects are provided below:
| Particulars | Vikramshila Power Transmission Limited | Alkud II Power Transmission Limited |
|---|---|---|
| Project Focus | Evacuation of Power from 3x800 MW STPP Pirpainti. | Establishment of 765/4001220 kV AIS Alkud-II/Jath (Dist. Sangli). |
| Incorporation Context | Incorporated following the Government of Bihar Gazette Notification dated May 7, 2026. | Incorporated following the Government of Maharashtra Gazette Notification dated July 10, 2026. |
| Authorized Capital | ~5,00,0001- | ~5,00,0001- |
| Paid up Capital | ~5,00,0001- | ~5,00,0001- |
| Turnover | Not Applicable (Newly incorporated). | Not Applicable (Newly incorporated). |
| Acquisition Details | 100% subscription to the equity share capital in cash. | 100% subscription to the equity share capital in cash. |
Both Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited are Wholly Owned Subsidiaries of RECPDCL, making them related parties to REC Limited. The promoters of the parent group hold no interest in either entity beyond their shareholding.
In addition to the specialized projects, the background information indicates that RECPDCL generally functions as the BPC for various independent inter-state and intra-state transmission projects assigned by State Governments and the Ministry of Power.
RECLTD Stock Price Movement
As of 9:14 AM in the pre-open session, shares of REC LIMITED gain to ₹326.10 as they climb 0.03%, recording a move of ₹0.10. The stock is trading on a volume of 4,977 shares ahead of the main market opening.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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