MoneyWorks4Me

REC’s arm incorporates wholly owned subsidiary

26 Dec 2025 Evaluate

REC’s wholly owned subsidiary -- REC Power Development and Consultancy (RECPDCL) has incorporated wholly owned subsidiary namely Apta Power Transmission. The said company is also subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013. The company has been incorporated for the establishment of 765/400/220kV AIS Apta (District Raigad).

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
View more..