REC Sells Two Subsidiaries for ₹20.54 Crore on June 30, 2026
REC Limited's subsidiary RECPDCL sold two subsidiaries, WR ER Part A and WR ER Part C Power Transmission Limited, on June 30, 2026. Power Grid Corporation of India acquired the first for ₹8.62 crore, and H G Infra Engineering acquired the second for ₹11.93 crore.
The sale of these two specific project SPVs, with negligible turnover/revenue contribution, is unlikely to have a material impact on the overall financial performance or strategic direction of REC Limited.
The announcement details a routine business transaction of selling subsidiaries. While it involves financial consideration, there are no significant positive or negative indicators beyond a standard business divestment.
REC Limited has announced the sale and transfer of its two project-specific subsidiaries, WR ER Part A Power Transmission Limited and WR ER Part C Power Transmission Limited. The transactions were completed on June 30, 2026, after REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, received the necessary consideration.
WR ER Part A Power Transmission Limited was transferred to Power Grid Corporation of India Limited for a consideration of ₹8,61,68,233 (including taxes and professional fees). WR ER Part C Power Transmission Limited was transferred to H G Infra Engineering Limited for a consideration of ₹11,92,59,679 (including taxes and professional fees).
These subsidiaries are no longer part of RECPDCL or REC Limited as of the transfer date. The announcement specifies that the successful bidders do not belong to the promoter group, and the transactions do not fall within the purview of related party transactions or slump sales. The consideration was determined in accordance with the guidelines issued by the Ministry of Power, Government of India.
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.