REC Sells Luhri Power Transmission SPV for ₹12.62 Crore
REC Limited sold its subsidiary, Luhri Power Transmission Limited, for ₹12.62 lakh on August 21, 2026. The sale was to Terralight Solar Energy Tinwari Private Limited. The subsidiary's contribution to REC's financials was negligible.
The company explicitly stated that the contribution of the subsidiary to the overall turnover, revenue, income, and net worth was negligible, indicating a minimal impact on REC Limited's financial performance.
The sale of a subsidiary is a routine corporate action and does not inherently suggest positive or negative performance for the parent company. The financial impact is stated as negligible.
REC Limited announced the sale and transfer of its subsidiary, Luhri Power Transmission Limited, on August 21, 2026. The entire shareholding of 50,000 equity shares, along with all assets and liabilities, was transferred to Terralight Solar Energy Tinwari Private Limited, the successful bidder selected through a tariff-based competitive bidding process.
The transfer was completed after REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, received the necessary consideration. Consequently, Luhri Power Transmission Limited is no longer a subsidiary of RECPDCL or REC Limited.
The consideration received for the acquisition was ₹12,61,898 (including taxes), which also covers professional fees and expense reimbursements. The contribution of Luhri Power Transmission Limited to REC Limited's turnover, revenue, income, and net worth in the last financial year was negligible. The successful bidder, Terralight Solar Energy Tinwari Private Limited, does not belong to the promoter group of REC Limited, and the transaction is not a related party transaction. The sale was conducted in accordance with the guidelines issued by the Ministry of Power, Government of India, and is not a slump sale.
What to do with a filing like this
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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See the model portfoliosA plain-language summary of a public exchange filing by REC Limited. Read the original for the full detail.