REC LTD - Incorporation Of Project Specific Special Purpose Vehicle (SPV) As Wholly Owned Subsidiary Of REC Power Development And Consultancy Limited.

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REC Ltd - Incorporation Of Project Specific Special Purpose Vehicle (SPV) As Wholly Owned Subsidiary Of REC Power Development And Consultancy Limited.

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06 Aug 2021
In compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, this is to inform that the Board of Directors of REC Limited in its meeting held on August 5, 2021 inter-alia approved the proposal for incorporation of a project specific special purpose vehicle (SPV) as wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL) for development of transmission project allocated by Ministry of Power, Government of India for 'System Strengthening Scheme for Eastern and North Eastern regions'. <BR> <BR> The companies to be incorporated will also be wholly owned subsidiary company of REC Limited as per provisions of Section 2(87) of the Companies Act, 2013.
View all announcements for REC Ltd	Source: BSE India

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