BSE •
REC Limited announced that its subsidiary, RECPDCL, has incorporated three wholly-owned subsidiaries: Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited, each with an authorized capital of Rs 5,00,000.
The entities were incorporated for interstate and intrastate power transmission projects. Following the Tariff Based Competitive Bidding process, these companies will ultimately be transferred to the respective successful bidders along with all assets and liabilities.