REC Limited has announced the incorporation of three new wholly owned subsidiary companies under REC Power Development and Consultancy Limited (RECPDCL), strengthening its role in India’s expanding interstate power transmission infrastructure network. The development was disclosed through a regulatory filing submitted to the stock exchanges on May 9, 2026.
The newly incorporated companies are:
- Bhadla Ramgarh Power Transmission Limited
- Lakadia II Power Transmission Limited
- Jam Khambhaliya Jamnagar Power Transmission Limited
All three entities have been established as wholly owned subsidiaries of RECPDCL and are also considered subsidiaries of REC Limited under the provisions of the Companies Act, 2013.
According to the filing, the Ministry of Power, Government of India, through Gazette Notifications dated February 12, 2026, appointed RECPDCL as the Bid Process Coordinator (BPC) for these interstate transmission projects under the Tariff-Based Competitive Bidding (TBCB) framework.
Bhadla Ramgarh Power Transmission Limited has been incorporated for the augmentation of transmission infrastructure at Bhadla-III, Ramgarh PS, and Kanpur (PG). The company was incorporated on May 8, 2026, with an authorised and paid-up capital of ₹5 lakh each.
Lakadia II Power Transmission Limited was incorporated on May 9, 2026, for the development of a transmission system to integrate renewable energy projects in the Lakadia Renewable Energy Zone (REZ) in Gujarat under Phase II with a planned capacity of 7,500 MW. The company also has an authorised and paid-up capital of ₹5 lakh each.
Jam Khambhaliya Jamnagar Power Transmission Limited has been formed to develop a common transmission system for the evacuation of power from Lakadia Phase-II (7.5 GW), Jam Khambhaliya Phase-II (5.5 GW), and Jamnagar Phase-I (1 GW) under Part-B of the project. The company was incorporated on May 9, 2026, with an authorised and paid-up capital of ₹5 lakh each.
REC stated that after the successful selection of transmission service providers through the competitive bidding process, these project-specific special purpose vehicles (SPVs) will be transferred to the selected bidders along with their respective assets and liabilities, in line with TBCB guidelines.
The company further clarified that the promoter group and associated group companies do not hold any interest in these subsidiaries other than their shareholding through RECPDCL. The acquisition has been made through 100% subscription to equity share capital in cash at face value.
