power transmission

India | News | T&D

REC completes transfer of two power transmission subsidiaries
By October 23, 2025October 28, 2025

REC Limited, through its wholly owned arm REC Power Development and Consultancy Limited (RECPDCL), has transferred two special purpose vehicles (SPVs) under the tariff-based competitive bidding process. The transaction was completed on October 17, 2025. Ananthapuram II Power Transmission Limited was acquired by Shivalaya Construction Limited, while SR WR Power Transmission Limited was taken over by Power Grid Corporation of India Limited (POWERGRID). POWERGRID, the successful bidder for SR WR Power Transmission Limited, will implement…

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India | News | T&D

REC and PFC incorporate new subsidiaries for transmission projects
By October 1, 2025October 28, 2025

REC Limited and Power Finance Corporation Limited (PFC) have announced the formation of new wholly owned subsidiaries to serve as project vehicles for upcoming power transmission schemes in Karnataka, Rajasthan, and Maharashtra. REC has incorporated Kempegowda Power Transmission Limited and Barmer HVDC Power Transmission Limited as subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned arm of REC. Kempegowda Power Transmission Limited was formed to serve as the special purpose vehicle (SPV)…

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News | India | T&D

REC transfers Rajgarh Neemuch Power to GR Infraprojects
By September 30, 2025October 28, 2025

REC Limited has announced that its subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has completed the sale of Rajgarh Neemuch Power Transmission Limited to GR Infraprojects Limited. GR Infraprojects emerged as the successful bidder through a tariff-based competitive bidding process. Rajgarh Neemuch Power Transmission Limited was incorporated on June 17, 2025, as a special purpose vehicle for the inter-state transmission project titled “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500…

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India | News | Renewable Energy

Adani Energy Solutions incorporates subsidiary Step-Fourteen Limited
By September 3, 2025October 29, 2025

Adani Energy Solutions Limited has set up a new wholly owned subsidiary named Adani Energy Solutions Step-Fourteen Limited. The subsidiary has an authorised share capital of Rs 1 lakh and a paid-up share capital of Rs 1 lakh. It is yet to begin operations and currently has no turnover. According to the company’s disclosure, the subsidiary will operate in the electric utilities sector. Its objectives include transmission, distribution, and supply of power along with related…

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India | News

Transrail Lighting secures Rs 837 crore T&D orders
By August 27, 2025August 27, 2025

Transrail Lighting Limited has announced new orders worth Rs 837 crore, comprising a domestic transmission line EPC contract and an international product supply order. Randeep Narang, Managing Director and Chief Executive Officer, said the strong intake reflects the company’s execution strength and expanding customer base. He noted that the domestic order was awarded by a major business group, while the international contract was secured on the basis of Transrail’s large-scale manufacturing capabilities. With these wins,…

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India | News

PGCIL awards Rs 6.3 billion contracts to Siemens and CG Power
By August 14, 2025August 14, 2025

Power Grid Corporation of India Limited (PGCIL) has awarded two contracts under its bulk procurement programme for 765 kV and 400 kV class transformers and reactors. The first contract, valued at Rs 3.17 billion, was awarded to CG Power & Industrial Solutions Limited for the 765 kV Reactor Package 7RT-21-BULK. The package covers 30×80 MVAR, 765 kV, single-phase reactors. Two bids were received, with CG Power emerging as the lowest bidder. GE Vernova T&D India…

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India | News

PFC transfers two transmission subsidiaries to private bidders
By July 28, 2025July 28, 2025

Power Finance Corporation Ltd (PFC) has transferred ownership of two wholly owned subsidiaries, Raghanesda RE Transmission Ltd and NER Expansion Transmission Ltd, to private entities through tariff-based competitive bidding, according to a regulatory filing dated July 24. NER Expansion Transmission Ltd, the project special purpose vehicle (SPV) for the North-Eastern Region Expansion Scheme – XXV Part-A (NERES-XXV Part-A), has been acquired by Resonia Ltd. The SPV was transferred on July 23, 2025, at a winning…

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India | News

HPSEB and HPPTCL to add 15 substations to Himachal’s grid
By June 26, 2025June 26, 2025

The Himachal Pradesh State Electricity Board (HPSEB) and Himachal Pradesh Power Transmission Corporation Limited (HPPTCL) are set to expand the state’s transmission network with 15 new substations. This includes five 66 kV substations and ten higher-capacity units of 132 kV and 220 kV. The initiative follows directions from the Himachal Pradesh Electricity Regulatory Commission (HPERC) to strengthen grid infrastructure across the state. Currently, Himachal Pradesh operates 19 substations with a combined transformation capacity of 3,944…

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India | News

PGCIL to merge 17 TBCB subsidiaries into two entities
By June 16, 2025June 16, 2025

Power Grid Corporation of India Limited (PGCIL) has proposed the merger of 17 Inter-State Transmission System (ISTS) subsidiaries, set up under the Tariff Based Competitive Bidding (TBCB) route, into two existing TBCB subsidiaries. Under Part 1 of the plan, five subsidiaries will be amalgamated into Vataman Transmission Limited. These include: Bhadla III Transmission Limited Ramgarh II Transmission Limited Beawar Dausa Transmission Limited Bikaner III Neemrana Transmission Limited Sikar Khetri Transmission Limited (SKTL) Under Part 2,…

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India | News

REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV
By June 11, 2025June 11, 2025

REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches, with clearances from the competent authority. Second, REC has proposed striking off “Rajgarh III Power Transmission Ltd,” a wholly owned…

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