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REC’s arm handovers Rajasthan IV 4B Power Transmission to Dineshchandra R. Agrawal Infracon

31 Dec 2024 Evaluate

REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4B Power Transmission to Dineshchandra R. Agrawal Infracon on December 30, 2024 at Gurugram.

Dineshchandra R. Agrawal Infracon emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.

The transmission scheme is planned for evacuation of 3.5 GW of RE power from Rajasthan Renewable Energy Zone, which covers establishment of 765/400 kV, 2 X1500 MVA substation near Merta (Rajasthan), 577.97 Kms of 765 kV line and 72.8 Kms of 400 kV line along with associated works. The estimated cost of the project is Rs 5177.41 crore. 

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

359.00 2.50 (0.70%)
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Peers
Company Name CMP
Power Finance Corp 463.55
REC 359.00
Indian Railway Fin. 106.90
NHIT 160.00
Satin Creditcare 194.05
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