Reliance Industries acquires 100% stake in Lakadia B Power Transmission
Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. The acquisition follows the invitation of Request for Proposal (RFP) bids by REC Power Distribution Company Limited (REC PDCL) in September 2024. REC PDCL, appointed as the bid…