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REC’s arm incorporates two subsidiary companies

21 Nov 2024 Evaluate

REC’s Wholly Owned Subsidiary -- REC Power Development and Consultancy has incorporated two subsidiary companies namely ‘Mahan Transmission’ and ‘Kurnool-IV Transmission’. 

Mahan Transmission has been incorporated for Transmission System for evacuation of 1230 MW power (MPPTCL portion) through STU network from proposed 2X800 MW thermal power project of M/s Mahan Energen. 

Furthermore, Kurnool-IV Transmission has been incorporated for Transmission System for Integration of Kurnool-IV REZ- Phase-I (for 4.5 GW).

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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