REC Limited has incorporated Ambernath Power Transmission Limited as a wholly owned subsidiary on December 19, 2025. The subsidiary was established to facilitate the establishment of a 400/220 kV GIS substation project in Ambernath (Dist. Thane). This move aligns with REC’s strategy to participate in power transmission infrastructure development. Ambernath Power Transmission Limited has an authorized and paid-up capital of ₹5,00,000.
Subsidiary Incorporation
REC Limited announced the incorporation of a new wholly-owned subsidiary, Ambernath Power Transmission Limited, on December 19, 2025. The newly formed entity has an authorized capital of ₹5,00,000 and a paid-up capital of the same amount.
Purpose of Incorporation
The primary objective of Ambernath Power Transmission Limited is to contribute to the establishment of a 400/220 kV GIS substation in Ambernath, located in the Thane district. REC Power Development and Consultancy Limited (RECPDCL) has been appointed as the Bid Process Coordinator (BPC) for the selection of a bidder for this project.
Project Allocation and Future Plans
The Government of Maharashtra allocated an intra-state transmission project on October 3, 2025, assigning RECPDCL as the BPC. Following the selection of a successful bidder under the Tariff Based Competitive Bidding (TBCB) guidelines, Ambernath Power Transmission Limited will be transferred to the winning bidder, along with all its assets and liabilities.
Related Party Transaction
As Ambernath Power Transmission Limited is a wholly-owned subsidiary of RECPDCL, it qualifies as a related party of REC Limited. However, the promoter group companies have no direct interest in the subsidiary beyond their shareholding.
Industry Focus
The newly incorporated subsidiary will operate within the power sector, specifically focusing on power transmission infrastructure.
Source: BSE
