REC Limited announced that Rajgarh Neemuch Power Transmission Limited has been incorporated as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is also a Wholly Owned Subsidiary of REC Limited.
Rajgarh Neemuch Power Transmission Limited was incorporated on June 17, 2025.
The company was incorporated for Transmission system for Evacuation of Power from RE Projects in Rajgarh (1,500 MW) SEZ in Madhya Pradesh-Phase III and Evacuation of Power from RE Projects in Neemuch (1,000 MW) SEZ in Madhya Pradesh-Phase II.
The authorized and paid-up capital of the subsidiary is ₹5,00,000 each.
REC Power Development and Consultancy Limited (RECPDCL) has been appointed to act as Bid Process Coordinator (BPC).
After selection of the successful bidder, the company would be transferred to the successful bidder along with all assets & liabilities.