REC Incorporates Two New Wholly Owned Subsidiaries for Power Transmission Projects
REC Limited announced the incorporation of two wholly owned subsidiaries, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, through its subsidiary RECPDCL. These entities are established for specific power transmission projects in Bihar and Maharashtra, respectively, and will be transferred to successful bidders post selection.
The incorporation of subsidiaries for future project development is a standard procedure and does not represent an immediate material impact on REC Limited's current operations or financial standing.
The announcement details the incorporation of new subsidiaries, which is a routine corporate action for project development. It does not immediately impact financial performance or market position in a significant positive or negative way.
REC Limited has announced the incorporation of two new wholly owned subsidiary companies: Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited. These subsidiaries have been formed under REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary of REC Limited.
Vikramshila Power Transmission Limited was incorporated on August 24, 2026, with its Certificate of Incorporation received on August 25, 2026. This company is intended for the evacuation of power from the 3x800 MW STPP Pirpainti project, allocated by the Government of Bihar. RECPDCL has been appointed as the Bid Process Coordinator for this project. The subsidiary will be transferred to the successful bidder selected through the Tariff Based Competitive Bidding (TBCB) process.
Alkud II Power Transmission Limited was incorporated on August 25, 2026. It is established for the purpose of setting up a 765/400/220 kV AIS Alkud-II/Jath project in Maharashtra, as allocated by the Government of Maharashtra. Similar to Vikramshila Power Transmission Limited, RECPDCL is the Bid Process Coordinator, and this subsidiary will also be transferred to the successful bidder chosen via the TBCB guidelines.
Both newly incorporated companies have an authorized and paid-up capital of ₹5,00,000 each and are yet to commence business operations. They are considered related parties to REC Limited due to their ownership structure.
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REC Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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