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Incorporation Of Seven Project Specific Spvs As Wholly Owned Subsidiaries Of RECTPCL For Transmissio

April 8, 2020, 12:40 pm | Source: BSE

In compliance with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations 2015 this is to inform that the Board of Directors of REC Limited in its Meeting held on March 25 2020 inter-alia approved the proposal for incorporation of seven (7) Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company Limited (RECTPCL) a wholly owned subsidiary of REC for development of following transmission projects allocated by Ministry of Power Government of India.