New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, has announced the incorporation of a new wholly-owned subsidiary, Ananthapuram II Power Transmission Limited. The subsidiary has been established through REC Power Development and Consultancy Limited (RECPDCL), itself a wholly-owned arm of REC Limited.
The incorporation, which took place on June 26, follows the Ministry of Power’s Gazette Notification dated March 27, 2025, which allocated an inter-state transmission project for the integration of the Ananthapuram-II Renewable Energy Zone (REZ) – Phase-II (3GW). RECPDCL was appointed as the Bid Process Coordinator (BPC) for the project.
Ananthapuram II Power Transmission Limited has been incorporated specifically to facilitate the development of the transmission system under the Tariff-Based Competitive Bidding (TBCB) mechanism. Upon completion of the bidding process, the company, along with all its assets and liabilities, will be transferred to the successful bidder selected by RECPDCL.
The newly formed entity has an authorised and paid-up capital of Rs 5 lakh. As a wholly-owned subsidiary of RECPDCL, it is classified as a related party of REC Limited. However, the promoter group does not hold any interest beyond its shareholding.
(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.)