REC Limited

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Rajgarh III Power Transmission struck off after project merger
By January 21, 2026January 21, 2026

Rajgarh III Power Transmission Limited, a project-specific special purpose vehicle (SPV), has been struck off the Register of Companies, effective January 20, 2026. The entity was a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which in turn is a subsidiary of REC Limited. The dissolution follows a decision announced by REC in June 2025 to consolidate two transmission projects in Madhya Pradesh. Rajgarh III Power Transmission Limited was incorporated in December…

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REC transfers two Maharashtra transmission SPVs
By January 12, 2026January 12, 2026

REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in two project-specific special purpose vehicles (SPVs), Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited, to successful bidders selected through a tariff-based competitive bidding (TBCB) process. The divestments were completed through separate Share Purchase Agreements signed on 9 January 2026. Jejuri Hinjewadi Power Transmission Limited was acquired by The Tata Power Company Limited, while Velgaon Power Transmission Limited was acquired by…

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REC incorporates subsidiary to develop Munak transmission project in Haryana
By January 8, 2026January 8, 2026

REC Limited informed the stock exchanges that a new wholly owned subsidiary named Munak Power Transmission Limited has been incorporated to support an upcoming transmission project in Haryana. The company stated that Munak Power Transmission Limited was incorporated on January 5, 2026, and the certificate of incorporation was received on January 7, 2026. The entity is a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary…

Read More REC incorporates subsidiary to develop Munak transmission project in Haryana
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REC announces incorporation of Apta Power Transmission
By December 26, 2025December 26, 2025

REC Limited stated that Apta Power Transmission Limited was incorporated on December 24, 2025. The entity is a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary of REC Limited. According to the annexure shared with the filing, Apta Power Transmission Limited has been incorporated with an authorised and paid-up capital of Rs 5,00,000. The company has been formed pursuant to an order issued by the…

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REC, SJVN, Reliance Power, and others report Q2 results
By November 11, 2025November 11, 2025

Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3% from Rs 40.38 billion a year earlier. Total income rose 10.8% to Rs 151.53 billion, compared with Rs 136.82 billion in the same quarter last year. SJVN Limited reported a 30.2% year-on-year (YoY) decline in…

Read More REC, SJVN, Reliance Power, and others report Q2 results
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REC sanctions Rs 7,500 crore for Brookfield’s hybrid project
By November 4, 2025November 4, 2025

REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector project. The project, undertaken through Evren, a clean energy platform formed by Brookfield and Axis Energy, will have 640 MW of wind and 400 MW of solar capacity, with a total investment of Rs 9,910…

Read More REC sanctions Rs 7,500 crore for Brookfield’s hybrid project
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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…

Read More REC completes transfer of two power transmission subsidiaries
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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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REC and PFC form SPVs for new RE transmission projects in Karnataka
By September 26, 2025October 28, 2025

REC Limited and Power Finance Corporation Limited (PFC) have incorporated wholly-owned subsidiaries to develop transmission infrastructure for additional renewable energy (RE) capacity in Karnataka. Both companies will serve as Bid Process Coordinators (BPCs) under the Tariff Based Competitive Bidding (TBCB) framework. REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC, has formed Bellary Davanagere Power Transmission Limited. The project, titled “Transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW)…

Read More REC and PFC form SPVs for new RE transmission projects in Karnataka
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REC gets CBDT nod to issue Rs 50 billion zero coupon bonds
By June 10, 2025June 10, 2025

REC Limited has received approval from the Central Board of Direct Taxes (CBDT), Ministry of Finance, to issue zero coupon bonds worth Rs 50 billion. These bonds will have a tenure of ten years and six months. They will be issued at a deep discount and redeemed at face value upon maturity. The structure offers tax benefits to investors under the Income Tax Act, 1961. REC had previously launched a similar bond issuance in FY…

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