REC arm transfers two SPVs to private entities PSU Watch
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REC arm transfers two SPVs to private entities

REC Limited on Tuesday said that its arm RECPDCL has transferred two project-specific SPVs (Special Purpose Vehicles) to private entities

PSU Watch Bureau

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC, has transferred two project-specific SPVs (Special Purpose Vehicles) to private entities.

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Hampapura Power Transmission and Mekhali Power Transmission were transferred to the successful bidders, Resonia Ltd and Dilip Buildcon, on May 30, 2026, REC said in a statement.

A public sector undertaking (PSU of the Ministry of Power, REC provides long-term loans and other financing solutions to both public and private sector companies for building infrastructure assets in the country.

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