REC has received approval for the proposal for striking-off a Special Purpose Vehicle (SPV) / subsidiary -- Rajgarh III Power Transmission. The Board of Directors of the company at its meeting held on June 04, 2025, inter-alia considered and approved the same.
Rajgarh III Power Transmission is a wholly owned subsidiary of REC Power Development and Consultancy, a wholly owned subsidiary of REC. The SPV was incorporated for the project - Transmission system for Evacuation of Power from RE Projects in Rajgarh (1500 MW) SEZ in Madhya Pradesh - Phase III.
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.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 429.50 |
| REC | 353.80 |
| Indian Railway Fin. | 97.88 |
| NHIT | 160.00 |
| Satin Creditcare | 233.10 |
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