REC Transmission Projects Company (RECTPCL) a 100% Subsidiary of Rural Electrification Corporation (REC) has transferred its wholly owned subsidiary, namely Kudgi Transmission (KTL) to ‘L&T Infrastructure Development Projects. L&T Infra emerged as successful bidder, selected through ‘Tariff Based Competitive Bidding Guidelines for Transmission services’ issued of Ministry of Power, Govt. of India. RECTPCL has received an acquisition price of Rs 15.19 crore from L&T Infrastructure Development Projects towards acquisition of KTL along with its all assets and liabilities.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
