News Announcement

REC: Sale And Transfer Of WRSS XXI (A) Transco Limited A Wholly Owned Subsidiary Of RECTPCL And Also Of REC

In compliance with the provisions of SEBI (LODR) Regulations 2015 it is informed that the entire shareholding of REC Transmission Projects Company Limited (RECTPCL) a wholly owned subsidiary of REC Limited in WRSS XXI (A) Transco Limited comprising of 50 000 equity shares have been transferred along with all its assets and liabilities on October 14 2019 to Adani Transmission Limited the successful bidder selected through Tariff Based Competitive Bidding Process for WRSS-21 Part-A - Transmission System Strengthening for relieving over loadings observed in Gujarat Intra-State System due to RE injections in Bhuj PS.

Hence with effect from the aforesaid date the above Project Specific SPV is not subsidiary of RECTPCL & REC.

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