MoneyWorks4Me

REC’s arm incorporates wholly owned subsidiary

07 Jan 2026 Evaluate

REC’s wholly owned subsidiary -- REC Power Development and Consultancy has incorporated wholly owned subsidiary in the name of Munak Power Transmission. Munak Power Transmission has been incorporated for creation of 400 kV substation Munak (HVPNL) and its associated transmission lines for evacuation of 800 MW power from DCRTPP, Yamunanagar.

Earlier, REC Power Development and Consultancy had incorporated wholly owned subsidiary namely Apta Power Transmission. 

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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