REC subsidiary transfers Umred transmission SPV to MAHATRANSCO
REC Limited has informed the stock exchanges that its wholly owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of Umred Power Transmission Limited. The project-specific special purpose vehicle (SPV) has been transferred to the successful bidder after receipt of consideration. Umred Power Transmission Limited was incorporated on July…
