-1.30 (-0.39%) REC’s wholly owned subsidiary -- REC Power Development and Consultancy has incorporated three wholly owned subsidiaries in name of Hampapura Power Transmission, Sharavathi Power Transmission and Ryapte Power Transmission.
Hampapura Power Transmission has been incorporated for Establishing 400 KV Substation at Hampapura along with associated transmission lines (Mandya District, Karnataka), while Sharavathi Power Transmission has been incorporated for Evacuation scheme for the proposed 2000 MW Pumped Storage Plant at Sharavathi, Karnataka.
Further, Ryapte Power Transmission has been incorporated for Evacuation scheme for 2000 MW solar park at Ryapte Village, Tumkur District, Karnataka.
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.