Board of REC Ltd approves incorporation of Special Purpose Vehicle as wholly-owned subsidiary  PSU Watch Archives
News Updates

REC Board okays incorporation of SPV for setting up transmission network

REC Limited's board has approved the incorporation of project-specific special purpose vehicle (SPV) as a wholly-owned subsidiary of REC Power Development and Consultancy Limited

PSU Watch Bureau

New Delhi: State-owned REC Limited said in a regulatory filing on Saturday that its board has approved the incorporation of project-specific special purpose vehicle (SPV) as a wholly-owned subsidiary of REC Power Development and Consultancy Limited. Further, the filing noted that the SPV was incorporated for "Transmission System for Evacuation of power from RE projects in Rajgarh 1,000 MW SEZ in Madhya Pradesh-Phase II" Inter-State Transmission projects to be implemented through TBCB process.

The filing also noted that the proposed SPV will also act as a subsidiary company of the REC Limited.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Govt appoints Asheesh Pandey as MD of Union Bank, Kalyan Kumar as head of Central Bank of India

Konkan Railway, HCC join hands to execute largescale transport projects in India, overseas

REC arm hands over Rajgarh Neemuch Power transmission SPV to GR Infraprojects

Air Marshal Bharti urges complete Indigenisation in defence manufacturing at Aero Tech India 2025

Indian economy to grow at 6.5% in FY26; US tariffs to weigh on exports: ADB