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 […]
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, handed over the project-specific Special Purpose Vehicle (SPV), Nawada Durgapur Power Transmission Limited, to Shivalaya Construction Limited on October 16, 2026. The project was awarded through the Tariff-Based Competitive Bidding […]
REC Limited has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for its proposed merger with Power Finance Corporation Limited (PFC). Received on October 15, 2026, the NOC is subject to specified conditions. The merger remains subject to other statutory and regulatory clearances, as well as shareholder and creditor approvals […]
REC Power Development and Consultancy Limited (RECPDCL) has transferred the entire shareholding of two project-specific Special Purpose Vehicles (SPVs) to its successful bidders on 12 October 2026. The transactions involve entities established to develop inter-state transmission systems linked to renewable energy evacuation projects in Gujarat. REC Subsidiary Completes Transfer of Two SPVs RECPDCL transferred Jam […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over two power transmission project Special Purpose Vehicles (SPVs) to the successful bidders under the Tariff-Based Competitive Bidding (TBCB) process. The handovers took place on September 23, 2026. Barmer HVDC Power Transmission Limited was handed over to Power Grid Corporation of India Limited (PGCIL). Sakoli Power […]
RECPDCL has handed over the Musalgaon Power Transmission Limited SPV for a Maharashtra intra-state transmission project. The RECPDCL Power Project involves an investment of ₹560 crore and includes a 220/132/33 kV substation and around 124 km of transmission lines. Key Highlights RECPDCL, a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission […]
RECPDCL has handed over Vizag Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Adani Energy Solutions Limited. The handover took place on August 14, 2026. The project will develop transmission infrastructure to support proposed green hydrogen and green ammonia projects in the Vizag region of Andhra Pradesh. The project has an estimated cost […]
At the Net Green Foundation Earth Awards 2026 in New Delhi, the esteemed “ESG and Responsible Business Award” was bestowed upon REC Limited, a Maharatna CPSE and a prominent NBFC under the Ministry of Power. The accolade is a testament to REC’s outstanding work in green energy financing and its consistent support for inclusive development. […]
A comprehensive market borrowing program totalling ₹1.6 lakh crore for the financial year 2026-27 was approved by the Board of Directors of REC Limited, a Maharatna Government of India firm and premier power sector lender. The Board meeting that took place on March 25, 2026, was the occasion for the decision. Renewable energy and infrastructure […]
More than 150 government, industry, and utility representatives gathered at the Bharat Electricity Summit 2026 in New Delhi for a vendor development session called “Advancing Make in India for Power Distribution” with the goal of enhancing domestic power sector skills. The Central Electricity Authority, the Ministry of Power, the Ministry of Electronics and Information Technology, […]
