REC Limited (RECLTD) is in focus after its wholly owned subsidiary, RECPDCL, incorporated 3 new special purpose vehicle companies to support the development of inter-state power transmission infrastructure across India.
The SPVs have been set up in connection with projects allocated by the Ministry of Power through Gazette Notifications and are intended to facilitate the tariff-based competitive bidding process for selecting private transmission service providers.
RECPDCL has incorporated 3 wholly owned subsidiary companies, each dedicated to a specific inter-state transmission project.
The three entities are Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited.
All three companies have an authorised and paid-up capital of Rs 5,00,000 each and are newly incorporated entities yet to commence business operations. Being wholly owned subsidiaries of RECPDCL, these SPVs are also subsidiary companies of REC Limited under Section 2(87) of the Companies Act, 2013.
Each SPV has been incorporated for a distinct transmission project. Bhadla Ramgarh Power Transmission Limited will handle augmentation works at Bhadla-III, Ramgarh PS, and Kanpur (PG), catering to transmission capacity needs in Rajasthan's key solar generation corridor.
Lakadia II Power Transmission Limited has been incorporated for the transmission system required to integrate power from renewable energy projects in the Lakadia Renewable Energy Zone in Gujarat, Phase II, with an associated capacity of 7,500 MW.
Jam Khambhaliya Jamnagar Power Transmission Limited will develop the common transmission system for power evacuation from Lakadia Phase II (7.5 GW), Jam Khambhaliya Phase II (5.5 GW), and Jamnagar Phase I (1 GW), covering Part-B of that corridor.
The Ministry of Power, Government of India, through a Gazette Notification dated February 12, 2026, allocated these inter-state transmission projects and nominated RECPDCL as the Bid Process Coordinator for each. In this role, RECPDCL will manage the tariff-based competitive bidding process to select private transmission service providers for each project.
Once the successful bidders are identified, the respective SPVs, along with all associated assets and liabilities, will be transferred to the selected developers for project execution and long-term operation.
Read More: REC Share Price Gains Over 2%; Board Approves ₹1.6 Lakh Crore Market Borrowing Programme for FY 2026-27!
As of 11 May 2026, at 9:28 AM, REC Limited share price is trading at ₹354.50 per share, reflecting a decline of 1.10% from the previous closing price.
The incorporation of three power transmission SPVs under RECPDCL underscores REC Limited's pivotal role in India's energy infrastructure buildout. By acting as Bid Process Coordinator across large renewable energy evacuation projects in Rajasthan and Gujarat, RECPDCL is positioned at the centre of India's grid expansion story, facilitating the private investment needed to support the country's clean energy transition targets.
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Published on: May 11, 2026, 10:15 AM IST
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