REC Limited has announced the incorporation of a new wholly-owned subsidiary, Munak Power Transmission Limited, on January 5, 2026. This subsidiary will focus on power transmission, specifically related to the evacuation of 800 MW of power from DCRTPP, Yamunanagar. The initial authorized and paid-up capital for the new entity is ₹5,00,000.
New Subsidiary Formed
REC Limited has incorporated a new subsidiary named Munak Power Transmission Limited. The incorporation took place on January 5, 2026, with the certificate of incorporation received on January 7, 2026.
Purpose and Capitalization
The newly formed subsidiary has an authorized capital of ₹5,00,000 and a paid-up capital of ₹5,00,000. The company’s primary objective is related to the creation of a 400 kV substation in Munak (HVPNL) and associated transmission lines.
Project Details
Munak Power Transmission Limited will specifically work on projects for the evacuation of 800 MW of power from DCRTPP, Yamunanagar. This project was initially allocated by Haryana Vidyut Prasaran Nigam Limited (HVPNL), which appointed REC Power Development and Consultancy Limited (RECPDCL) as the Bid Process Coordinator (BPC).
Transfer of Assets
Upon selection of a successful bidder, following Tariff Based Competitive Bidding (TBCB) guidelines, Munak Power Transmission Limited will be transferred to the successful bidder, along with all its assets and liabilities.
Related Party Disclosure
As Munak Power Transmission Limited is a wholly-owned subsidiary of RECPDCL, it qualifies as a related party of REC Limited. The promoter groups do not hold any interest in Munak Power Transmission Limited, except for shareholding.
Source: BSE
