- News Updates
- PSU Watch
- Defence News
- Policy Watch
- हिन्दी न्यूज़
- Jobs Watch
- States News
- Event News
New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has announced the incorporation of a new wholly owned subsidiary, Rajgarh Neemuch Power Transmission Limited, as part of its ongoing efforts to support renewable energy infrastructure in India.
The newly formed entity is a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), itself a 100 percent subsidiary of REC Limited. The company has been established following the allocation of a major interstate transmission project by the Ministry of Power, as notified in the Gazette on March 18, 2025.
Rajgarh Neemuch Power Transmission Limited has been incorporated to undertake the development of transmission systems for evacuation of power from renewable energy projects in the Special Economic Zones (SEZs) of Rajgarh (1500 MW, Phase III) and Neemuch (1000 MW, Phase II) in Madhya Pradesh. These projects are part of the government's broader renewable energy expansion and integration strategy.
RECPDCL has been designated as the Bid Process Coordinator (BPC) for these projects under the Tariff-Based Competitive Bidding (TBCB) route. After the successful selection of a Transmission Service Provider (TSP), Rajgarh Neemuch Power Transmission Limited will be transferred to the successful bidder along with its associated assets and liabilities.
The company has been incorporated with an authorised and paid-up capital of Rs 5 lakh. As it is a new entity, it has yet to commence operations and generate turnover.
The transaction is a related party arrangement by virtue of the subsidiary structure, but REC Limited has clarified that neither the promoter nor the promoter group has any interest in the entity 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.)
