REC Ltd.

BSE: 532955 | NSE: RECLTD
Mid Cap | Finance Term Lending
332.95
-2.30 (-0.69%)
< Home < Back

REC’s arm incorporates two subsidiary companies

Date: 21-11-2024

REC’s Wholly Owned Subsidiary -- REC Power Development and Consultancy has incorporated two subsidiary companies namely ‘Mahan Transmission’ and ‘Kurnool-IV Transmission’. 

Mahan Transmission has been incorporated for Transmission System for evacuation of 1230 MW power (MPPTCL portion) through STU network from proposed 2X800 MW thermal power project of M/s Mahan Energen. 

Furthermore, Kurnool-IV Transmission has been incorporated for Transmission System for Integration of Kurnool-IV REZ- Phase-I (for 4.5 GW).

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.