Others

Sale And Transfer Of Entire Shareholding Of RECTPCL (A Wholly Owned Subsidiary Of REC) In WR-NR Power Transmission Limited.

| Updated on March 27, 2018 Published on March 27, 2018

In continuation of our letter dated March 6, 2018 on above cited subject, it is further informed that as per approval of Ministry of Power, the entire shareholding of REC Transmission Projects Company Limited (a wholly owned subsidiary of REC) in WR-NR Power Transmission Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities, to M/s Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding Process, for establishing Transmission System for New WR-NR 765 kV Inter-regional corridor, on March 27, 2018.

Hence, from now onwards, the above Project Specific SPV is not subsidiary of REC Transmission Projects Company Limited.

Pdf Link: Sale And Transfer Of Entire Shareholding Of RECTPCL (A Wholly Owned Subsidiary Of REC) In WR-NR Power Transmission Limited.

Source : BSE - www.bseindia.com

Published on March 27, 2018
This article is closed for comments.
Please Email the Editor