Corporate News     06-Dec-22
Board of REC approves incorporation of project-specific SPV
At meeting held on 05 December 2022
The Board of REC at its meeting held on 05 December 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 "North Eastern Region Expansion Scheme-XVI (NERES-XVI)" to be implemented through Tariff Based Competitive Bidding (TBCB) process.

The proposed Company will also be subsidiary Company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

The Board also approved the sale of of MP Power Transmission Package-I held by RECPDCL to M/s Megha Engineering & Infrastructures, the successful bidder selected through Tariff Based Competitive Bidding process.

Previous News
  REC fixes record date for interim dividend
 ( Market Beat - Reports 01-Nov-23   18:07 )
  Nifty hovers near 24,150 mark; financial services shares advance
 ( Market Commentary - Mid-Session 01-Jul-24   14:37 )
  REC edges higher after signing term loan agreement for $100 million with Exim Bank
 ( Hot Pursuit - 07-Sep-23   10:00 )
  REC jumps after loan sanctions rises 24% YoY in Q1 FY25
 ( Hot Pursuit - 01-Jul-24   13:06 )
  REC registers highest ever loan sanctions in FY24
 ( Hot Pursuit - 08-Apr-24   15:19 )
  REC postpones board meeting
 ( Corporate News - 16-Mar-24   10:28 )
  REC to declare Quarterly Result
 ( Corporate News - 22-Jul-22   16:12 )
  Board of REC approves fund raising up to Rs 1.05 lakh cr via NCD issuance
 ( Corporate News - 27-Jul-23   09:46 )
  REC Ltd gains for third consecutive session
 ( Hot Pursuit - 11-Jul-23   13:05 )
  REC fixes record date for final dividend for FY21
 ( Market Beat - Reports 05-Aug-21   18:33 )
  REC to conduct board meeting
 ( Corporate News - 25-Nov-23   10:56 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top