Corporate News 30-Aug-19
Board of REC approves sale of subsidiary, Ajmer Phagi Transco to PGCIL
At meeting held on 29 August 2019
The Board of REC at its meeting held on 29 August 2019 has approved the proposal for sale and transfer of Ajmer Phagi Transco, a wholly owned subsidiary of REC Transmission Projects Company and REC , to the successful bidder i.e. Power Grid Corporation of India, selected through Tariff Based Competitive Bidding Process.
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