Corporate News     05-Aug-22
Board of REC approves incorporation of SPVs
At meeting held on 04 August 2022
The Board of REC at its meeting held on 04 August 2022 has approved incorporation of project specific vehicles, as wholly owned subsidiaries of REC Power Development & Consultancy, for selection of successful bidder for implementation of the following projects allocated by Ministry of Power, Government of India through tariff based competitive bidding process:

(a) ISTS Network Expansion Scheme in Western & Southern region for export of surplus power during high RE scenario in Southern Region;
(b) Transmission system for evacuation of power from Luhri Stage-I HEP; and
(c) Inter-regional ER-WR Interconnection.

The proposed companies will also be subsidiary companies of REC.

Previous News
  REC schedules board meeting
 ( Corporate News - 25-Apr-24   10:39 )
  Board of REC to consider fund raising proposal
 ( Corporate News - 28-May-24   18:55 )
  REC Ltd gains for fifth session
 ( Hot Pursuit - 11-Jun-24   13:00 )
  REC edges higher after signing term loan agreement for $100 million with Exim Bank
 ( Hot Pursuit - 07-Sep-23   10:00 )
  Nifty December futures trade at premium
 ( Market Commentary - Futures Market 13-Dec-23   16:28 )
  REC to conduct board meeting
 ( Corporate News - 25-Nov-23   10:56 )
  Board of REC recommends interim dividend
 ( Corporate News - 27-Jul-23   12:40 )
  NBCC (India) Ltd Spikes 4.53%
 ( Hot Pursuit - 11-Aug-23   09:30 )
  REC board approves Rs 85,000 cr borrowing plan for 2022-23
 ( Hot Pursuit - 22-Mar-22   09:05 )
  Rural Electrification Corporation
 ( Results - Analysis 13-Nov-20   21:05 )
  REC announces appointment of director
 ( Corporate News - 29-Dec-21   10:05 )
Other Stories
  Tridhya Tech to convene board meeting
  03-Jul-24   20:06
  Sonu Infratech schedules EGM
  03-Jul-24   19:59
  Sakuma Exports to convene AGM
  03-Jul-24   19:59
  Time Technoplast repays commercial paper
  03-Jul-24   18:31
  Board of Aditya Vision approves stock split and listing of share on NSE
  03-Jul-24   18:24
  Pricol director resigns
  03-Jul-24   18:21
  Board of VMS Industries recommends first interim dividend
  03-Jul-24   17:49
  Lakshmi Machine Works to declare Quarterly Result
  03-Jul-24   17:44
  Modison to convene AGM
  03-Jul-24   17:43
  Sybly Industries to discuss results
  03-Jul-24   17:43
Back Top