![](images/sepfull.gif) |
Corporate News
17-Jan-23
|
![](images/sepfull.gif) |
|
|
|
|
|
REC announces cessation of SPV - WRSR Power Transmission
|
|
|
|
REC announced that after receipt of consideration comprising of professional fees of Bid Process Coordination, interest cost and reimbursement of expenditure incurred on the project by REC Power Development & Consultancy (RECPDCL), wholly owned subsidiary of REC, the entire shareholding of WRSR Power Transmission, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on 17 January 2023 to Adani Transmission, the successful bidder selected through tariff based
competitive bidding process to establish "ISTS Network Expansion scheme in Western Region & Southern Region for export of surplus power during high RE scenario in Southern Region."
Hence, with effect from the aforesaid date, the above project specific SPV is not a subsidiary of RECPDCL & REC.
|
|
Previous News |
Nifty hovers near 24,150 mark; financial services shares advance
(
Market Commentary
-
Mid-Session
01-Jul-24
14:37
)
|
|
REC fixes record date for 3rd interim dividend
(
Market Beat
-
Reports
19-Mar-24
15:11
)
|
|
REC consolidated net profit rises 10.76% in the March 2022 quarter
(
Results
-
Announcements
14-May-22
08:05
)
|
|
Board of REC approves sale of three subsidiaries of REC Power Development and Consultancy
(
Corporate News
-
19-Mar-24
15:17
)
|
|
Board of REC recommends Third Interim dividend
(
Corporate News
-
19-Mar-24
14:13
)
|
|
Board of REC approves incorporation of subsidiaries
(
Corporate News
-
19-Mar-24
15:21
)
|
|
REC Ltd spurts 1.91%, rises for fifth straight session
(
Hot Pursuit
-
26-Apr-24
13:00
)
|
|
REC Ltd gains for third straight session
(
Hot Pursuit
-
12-Aug-22
13:05
)
|
|
REC jumps after loan sanctions rises 24% YoY in Q1 FY25
(
Hot Pursuit
-
01-Jul-24
13:06
)
|
|
REC to declare Quarterly Result
(
Corporate News
-
10-May-22
12:53
)
|
|
REC wins 'Golden Peacock Award for Excellence in Corporate Governance'
(
Corporate News
-
22-Sep-22
17:17
)
|
|
|
![](images/sepfull.gif) |
Other Stories |
![](images/sepfull.gif) |
|
|
|
|
|
|
|