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REC Sold Stake to Power Grid Corporation

Power News - Published on Wed, 09 Oct 2019

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The entire shareholding of REC Transmission Projects Company Limited a wholly owned subsidiary of REC Limited in Ajmer Phagi Transco Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on October 3, 2019, to Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding Process for 'Construction of Ajmer (PG)-Phagi 765 kV D/C line along with associated bays for Rajasthan SEZ'.

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Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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