REC Sells Ryapte Power Transmission Subsidiary to Tata Power for ₹86.62 Crore
REC Limited, via its subsidiary RECPDCL, has sold its entire stake in Ryapte Power Transmission Limited to Tata Power Company Limited for ₹86.62 Lakhs. The transfer was completed on July 30, 2026. Ryapte Power Transmission is no longer a subsidiary of REC.
The contribution of the divested subsidiary to REC Limited's overall turnover, revenue, income, and net worth was reported as negligible, indicating a minimal financial impact on the parent company.
The sale of a subsidiary is a routine corporate action and does not inherently indicate positive or negative performance for REC Limited. The financial details provided are for the subsidiary being sold, and its contribution to REC's overall financials was negligible.
REC Limited, through its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of its entire shareholding in Ryapte Power Transmission Limited. The transaction, which includes all assets and liabilities of the subsidiary, was finalized on July 30, 2026, after the receipt of the necessary consideration.
The sale was conducted through a tariff-based competitive bidding process. The successful bidder for Ryapte Power Transmission Limited is The Tata Power Company Limited. The total consideration received for this sale amounts to ₹86,62,034 (Rupees Eighty-Six Lakhs Sixty-Two Thousand and Thirty-Four Only), which includes taxes, professional fees, and reimbursement of expenses.
Following this transfer, Ryapte Power Transmission Limited is no longer a subsidiary of RECPDCL or REC Limited, effective from July 30, 2026. The announcement clarifies that the successful bidder, Tata Power, does not belong to the promoter or promoter group of REC Limited. Furthermore, the transaction is not considered a related party transaction and is not in the nature of a slump sale. The consideration was determined in accordance with guidelines issued by the Ministry of Power, Government of India. The contribution of Ryapte Power Transmission Limited to REC's turnover, revenue, income, and net worth during the last financial year was deemed negligible.
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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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