REC Merger & Restructuring Worth ₹10.87 Cr
REC Limited transferred its entire shareholding in Ryapte Power Transmission Limited to Tata Power for ₹10.87 Crore. This sale of subsidiary concludes the project transfer.
- Value
- ₹10.87 Cr
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REC Limited transferred its entire shareholding in Ryapte Power Transmission Limited to Tata Power for ₹10.87 Crore. This sale of subsidiary concludes the project transfer.
REC Limited's subsidiary, RECPDCL, incorporated a new entity, Kukshi Alirajpur Transmission Limited, for an intra-state power transmission project. This SPV will be transferred to a successful bidder.
REC Limited incorporated a wholly owned subsidiary, Kukshi Alirajpur Transmission Limited, to act as a special purpose vehicle for a transmission project in Madhya Pradesh.
REC Limited is divesting its subsidiary, Shongtong Power Transmission Limited, to Terralight Solar Energy Tinwari Private Limited. The cash-based transaction is valued at approximately ₹20.41 Crore.
REC Limited sold its subsidiary, Bhadla Ramgarh Power Transmission Limited, to Power Grid Corporation of India Limited for ₹12.86 Crore in an all-cash deal.
REC Limited has divested two project-specific subsidiaries, Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited, for a total consideration of ₹33.26 Crore.
REC Limited has processed a semi-annual interest payment of ₹32.88 Crore for its NCD Series GOI-XIII. The payment was completed on July 28, 2026.
REC Limited has declared an interim dividend of ₹4.25 per equity share for the financial year 2026-27, with a record date set for July 31, 2026.
REC Limited reported a net profit of ₹4,149 Crore for the quarter ended June 30, 2026, marking a 23% increase from the previous quarter. The company also declared an interim dividend of ₹4.25 per share.
REC Ltd reported revenue from operations of ₹14,435 Cr (-2.6% YoY) and net profit of ₹4,193 Cr (-6.1% YoY) for Q1 FY27.
REC Limited incorporated a new wholly-owned subsidiary, Dharashiv Power Transmission Limited, to establish a 400 kV GIS switching station in Maharashtra. This subsidiary is a special-purpose vehicle.
REC Limited scheduled a board meeting for July 24, 2026, to consider quarterly financial results and a first interim dividend for FY 2026-27.
REC Limited has appointed Smt. Poonam Chauhan as a Non-Official Independent Director for a three-year term.
REC Limited's subsidiary, RECPDCL, incorporated Yavatmal Power Transmission Limited to facilitate an intra-state transmission project. The subsidiary was incorporated with a cash consideration of ₹0.05 Crore.
REC Ltd has incorporated two new wholly-owned subsidiaries, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, to facilitate power transmission projects.
REC Limited reported a total fine of Rs. 10.62 Lakhs imposed by NSE and BSE for board composition non-compliance. The company is seeking a waiver.
REC Limited incorporated Nawada Durgapur Power Transmission Limited as a wholly-owned subsidiary. The entity will act as a project-specific vehicle for power transmission projects.
REC Limited confirmed a ₹31.98 Crore interest payment for its NCD Series GOI-XII. The payment was completed on July 07, 2026.