REC Limited (RECLTD) — Announcement | 14 July 2026

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📢 Key Event
REC incorporates Kesurdi Power Transmission as wholly owned subsidiary

💡 Investor Takeaway
This subsidiary creation supports REC's expansion in power transmission projects under government allocations.

REC Limited announced the incorporation of Kesurdi Power Transmission Limited, a wholly owned subsidiary of its arm REC Power Development and Consultancy Limited, to execute a 220 kV GIS transmission project in Satara district, Maharashtra, following a government allocation on February 27, 2026. The new entity will manage the project until a successful bidder is selected under the Tariff Based Competitive Bidding framework, after which assets and liabilities will be transferred. This move strengthens REC's foothold in power transmission infrastructure development under government-led initiatives.

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About REC Limited (RECLTD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹91,070.05 Cr P/E: 5.8

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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