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REC’s arm transfers entire shareholding of Ramgarh-II Transmission

27 Oct 2023 Evaluate

REC’s wholly owned subsidiary -- REC Power Development & Consultancy (RECPDCL) has transferred entire shareholding of Ramgarh-II Transmission, comprising of 50,000 equity shares at par value along with all its assets and liabilities, on October 26, 2023 to M/s Power Grid Corporation of India, the successful bidder selected through tariff based competitive bidding process to establish Inter-State transmission system for ‘Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase-III Part Cl’. Hence, with effect from the aforesaid date, the above project specific SPV ceased to be a subsidiary of RECPDCL & REC. 

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.

REC Share Price

359.35 -0.35 (-0.10%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 461.00
REC 359.35
Indian Railway Fin. 106.05
NHIT 160.00
Satin Creditcare 212.55
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