REC has received approval for the scheme of amalgamation of both wholly owned subsidiaries of the Company namely, REC Transmission Projects Company and REC Power Distribution Company. This is in line with in-principle approval accorded by the Ministry of Power on November 11, 2019.
The Board of Directors of the Company at its meeting held on February 04, 2020 has approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
