REC (RECLTD) — Announcement

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

💡 Investor Takeaway
This subsidiary creation expands REC's transmission project execution capability without immediate capital outlay, enhancing future growth prospects.

REC Limited announced the incorporation of Dharashiv Power Transmission Limited, a wholly owned subsidiary of its arm REC Power Development and Consultancy Limited, to execute a 400 kV transmission project in Maharashtra. The subsidiary was created following a government allocation and will be transferred to a successful bidder after competitive bidding. This move strengthens REC's foothold in power transmission infrastructure and signals strategic expansion into inter-state and intra-state projects.

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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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