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REC’s arm hands over Pachora Power Transmission SPV to G R Infraprojects

16 Feb 2024 Evaluate

REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over a project-specific SPV (Special Purpose Vehicle) to G R Infraprojects. The SPV was formed for the establishment of Inter State Transmission Project for ‘Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh - Phase II’ through Tariff-based Competitive Bidding process.  The SPV, named Pachora Power Transmission, has been handed over to the successful bidder, G R Infraprojects, in the presence of senior officials from RECPDCL. 

In line with the visionary directions of Power Minister and Power Secreary, RECPDCL is putting in all possible efforts to ensure the growth of renewable power reforms to cater to the electricity demand of the country. Tariff-based Competitive Bidding for the development of transmission system for evacuation of RE power is one such noble mission and RECPDCL is privileged to be a Bid Process Coordinator for award of projects through TBCB route.

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

351.45 -7.90 (-2.20%)
11-May-2026 09:51 View Price Chart
Peers
Company Name CMP
Power Finance Corp 450.45
REC 351.45
Indian Railway Fin. 103.30
NHIT 160.00
Satin Creditcare 213.50
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