REC Sells Two Subsidiaries, Bhadla Ramgarh & Shongtong Power Transmission, on July 29, 2026
REC Limited sold two subsidiaries, Bhadla Ramgarh Power Transmission for ₹20.41 crore and Shongtong Power Transmission for ₹12.86 crore on July 29, 2026. The transactions were completed post tariff-based competitive bidding.
The subsidiaries being sold had a negligible contribution to the company's financials. The sale amounts, while specific, do not represent a material portion of REC Limited's overall business, thus having a low impact.
The announcement details the sale of two subsidiaries. While it represents a strategic divestment, the financial contribution of these entities was negligible, and the sale price is a fixed amount without immediate indication of profit or loss. Therefore, the sentiment is neutral.
REC Limited announced the sale and transfer of its two project-specific subsidiaries, Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited. The transfer, effective July 29, 2026, was completed after REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, received the necessary consideration.
Bhadla Ramgarh Power Transmission Limited was sold to Power Grid Corporation of India Limited for a consideration of ₹20,40,66,599 (including taxes). Shongtong Power Transmission Limited was transferred to Terralight Solar Energy Tinwari Private Limited for ₹12,85,79,427 (including taxes). Both transactions involved the transfer of entire shareholding along with all assets and liabilities to the successful bidders selected through a tariff-based competitive bidding process.
Following these transfers, Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited are no longer subsidiaries of RECPDCL or REC Limited. The contribution of these subsidiaries to the company's turnover, revenue, income, and net worth in the last financial year was negligible. The buyers do not belong to the promoter or promoter group of REC Limited, and the transactions are not considered related party transactions.
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.