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Incorporation Of Project-Specific Special Purpose Vehicle, As Wholly Owned Subsidiary Of RECTPCL For Project Allocated By UP Power Transmission Corporation Limited.

| Updated on June 22, 2018 Published on June 22, 2018

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of Rural Electrification Corporation Limited (REC) in its 443rd meeting held on June 22, 2018, inter-alia approved the proposal for incorporation of a project specific Special Purpose Vehicle, as wholly owned subsidiary of REC Transmission Projects Company Limited for (a) Construction of transmission network for evacuation of power from 2x660MW Jawaharpur Thermal Power Project and (b) Construction of 400kV substation at Firozabad with associated transmission line.

The company to be incorporated will also be a subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

Pdf Link: Incorporation Of Project-Specific Special Purpose Vehicle, As Wholly Owned Subsidiary Of RECTPCL For Project Allocated By UP Power Transmission Corporation Limited.

Source : BSE - www.bseindia.com

Published on June 22, 2018
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