REC’s arm incorporates wholly owned subsidiary

22 Apr 2024 Evaluate

REC’s wholly owned subsidiary -- REC Power Development & Consultancy has incorporated as wholly owned subsidiary (WOS) in name of Bhadla-III Power Transmission. The said company is also subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

The company has been incorporated for Additional Transmission system for evacuation of power from Bhadla-III PS as part of Rajasthan REZ Phase-III scheme (20 GW).

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.


REC Share Price

491.05 -25.30 (-4.90%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 453.75
REC 491.05
Indian Railway Finance 141.60
Satin Creditcare 148.05
MAS Financial Serv 277.25
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