Corporate News     15-Sep-22
Outcome of board meeting of REC
Held on 15 September 2022
The Board of REC at its meeting held on 15 September 2022 has approved the incorporation of a project-specific special purpose vehicle (SPV), as wholly owned subsidiary of REC Power Development & Consultancy (RECPDCL), for the transmission project i.e. Construction of Meerut (765) - Shamli 400 kV DIC line. The proposed Company will also be subsidiary Company of REC.

The Board also approved the sale of ER NER Transmission held by RECPDCL to Power Grid Corporation of India, the successful bidder selected through Tariff Based Competitive Bidding process.

Previous News
  REC fixes record date for 3rd interim dividend
 ( Market Beat - Reports 19-Mar-24   15:11 )
  REC Ltd gains for fifth session
 ( Hot Pursuit - 16-May-24   13:00 )
  Board of REC approves sale of three subsidiaries of REC Power Development and Consultancy
 ( Corporate News - 19-Mar-24   15:17 )
  REC inks MoUs with UP Govt, MP Power Management Co
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  REC Ltd soars 1.62%, up for third straight session
 ( Hot Pursuit - 28-Jul-23   13:05 )
  Board of REC approves sale of three wholly owned subsidiaries (SPVs)
 ( Corporate News - 04-Feb-21   19:21 )
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 ( Hot Pursuit - 23-Sep-21   13:06 )
  REC signs MoUs with UP Govt. to extend financial assistance for various development projects
 ( Corporate News - 14-Jan-23   10:22 )
  Board of REC recommends Third Interim dividend
 ( Corporate News - 19-Mar-24   14:13 )
  REC inks 200 mln euro loan agreement with German bank KfW
 ( Hot Pursuit - 09-Dec-23   14:21 )
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