MoneyWorks4Me

REC’s arm incorporates two wholly owned subsidiary companies

17 Oct 2023 Evaluate

REC’s wholly owned subsidiary -- REC Power Development & Consultancy has incorporated two Wholly Owned Subsidiary (WOS) Companies. These subsidiaries are named as Rajasthan IV H1 Power Transmission and Rajasthan IV E Power Transmission. The companies are also subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

Rajasthan IV H1 Power Transmission has been incorporated to develop Transmission system for evacuation of power from Rajasthan REZ PhIV (Part-2:5.5 GW) (Jaisalmerl Barmer Complex): Part H1. Rajasthan IV E Power Transmission has been incorporated to develop Transmission system for evacuation of power from Rajasthan REZ PhIV (Part-2 :5.5 GW) (Jaisalmerl Barmer Complex): Part E.

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.


Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
View more..