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REC’s arm incorporates wholly owned subsidiary

07 Aug 2024 Evaluate

REC’s wholly owned subsidiary -- REC Power Development & Consultancy has incorporated a wholly owned subsidiary in the name of Rajasthan IV 4A Power Transmission (RECPDCL). The said company is also subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013. RECPDCL has been incorporated for Transmission system for evacuation of power from Rajasthan REZ Ph IV (Part-4: 3.5 GW): Part A.

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
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