REC has received an approval for the sale and transfer of the entire shareholding of Beawar Transmission, presently held by REC Power Development and Consultancy (RECPDCL), wholly owned subsidiary of REC, to M/s Sterlite Grid 27, the successful bidder selected through Tariff Based Competitive Bidding process. The Board of Directors of the company in its meeting held on August 29, 2023, has approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
