REC Limited has announced the incorporation of Zanskar Renewable Energy Limited to develop a 140 MWp solar power project with a 400 MWh Battery Energy Storage System (BESS) in Karsha village, Zanskar, Ladakh.
Incorporated on October 29, 2026, the company is a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which REC Limited fully owns.
Ladakh’s Power Development and New & Renewable Energy Department has allocated the project, with RECPDCL appointed as the Bid Process Coordinator. A developer will be selected through tariff-based competitive bidding, following which the new company, along with its assets and liabilities, will be transferred to the successful bidder.
Zanskar Renewable Energy Limited has been incorporated with authorised and paid-up share capital of ₹5 lakh each. Its entire equity capital has been subscribed in cash at face value.
REC disclosed the incorporation to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
