REC Limited informs about the incorporation of Davanagere Power Transmission Limited as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL).
Davanagere Power Transmission Limited was incorporated on June 26, 2025.
The authorized and paid-up capital is ₹5,00,000 each.
The company was incorporated pursuant to a Gazette Notification dated May 8, 2025, issued by the Central Electricity Authority, Ministry of Power, where RECPDCL was nominated as Bid Process Coordinator (BPC).
Davanagere Power Transmission Limited was incorporated for Transmission System strengthening at Davanagere for integration of RE Generation.
After selection of the successful bidder, the company will be transferred to the successful bidder along with all assets & liabilities.