REC Limited Incorporates Wholly Owned Subsidiary Dharashiv Power Transmission Limited
REC Limited has incorporated Dharashiv Power Transmission Limited, a wholly owned subsidiary of its subsidiary RECPDCL. The new entity, with a paid-up capital of ₹5,00,000, will focus on establishing a 400 kV GIS Solapur/Paranda Switching Station. The company was incorporated on July 21, 2026.
The incorporation of a subsidiary with a small initial capital for a project management role is unlikely to have a significant immediate impact on the parent company's overall financials or operations.
The announcement is a routine corporate action regarding the incorporation of a subsidiary for a specific project. It does not contain any financial performance data or strategic shifts that would warrant a positive or negative sentiment.
REC Limited has announced the incorporation of Dharashiv Power Transmission Limited (CIN: U42202DL2026GOI468696) as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is itself a Wholly Owned Subsidiary of REC Limited.
The newly incorporated company has an authorized and paid-up capital of ₹5,00,000.
Dharashiv Power Transmission Limited was incorporated on July 21, 2026, pursuant to a Government of Maharashtra Gazette Notification dated February 27, 2026. This notification allocated an intra-state transmission project for the establishment of a 400 kV GIS Solapur/Paranda Switching Station in the Dharashiv district. RECPDCL has been appointed as the Bid Process Coordinator (BPC) for this project.
The primary objective of incorporating Dharashiv Power Transmission Limited is for the establishment of this 400 kV GIS Solapur/Paranda Switching Station. Following the selection of a successful bidder through the Tariff Based Competitive Bidding (TBCB) guidelines, the said company, along with its assets and liabilities, will be transferred to the successful bidder.
Dharashiv Power Transmission Limited is considered a related party to REC Limited due to its 100% ownership by RECPDCL. The promoter, promoter group, and group companies do not hold any interest in Dharashiv Power Transmission Limited beyond their shareholding. The incorporation was funded through 100% subscription to the equity share capital in cash at face value.
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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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