REC Limited

REC Limited

REC Limited has incorporated a wholly-owned subsidiary company, Dharashiv Power Transmission Limited, to establish a 400 kV GIS Solapur/Paranda Switching Station in the Dharashiv district. The subsidiary will be transferred to the successful bidder after selection through Tariff-Based Competitive Bidding (TBCB) guidelines.

REC Limited

REC Limited has announced the appointment of Smt. Poonam Chauhan as a Non-Official Independent Director on its Board for a period of three years.

REC Limited

REC Limited has incorporated two new wholly-owned subsidiaries, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, to undertake intra-state transmission projects in Maharashtra.

REC Limited

REC Limited has been fined by the NSE and BSE for non-compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been asked to pay the fine and has requested the exchanges to waive off the fine due to non-compliance with the composition of the Board of Directors. The company has stated that the power to appoint Independent Directors is vested with the President of India and the company has no role in the appointment of Directors.

REC Limited

REC Limited has incorporated a new subsidiary company, Kesurdi Power Transmission Limited, to establish a 220 kV GIS Kesurdi transmission project in Satara district, Maharashtra. The subsidiary is a wholly-owned subsidiary of REC Power Development and Consultancy Limited, a subsidiary of REC Limited.

REC Limited

REC Limited has informed the stock exchange about the incorporation of a wholly-owned subsidiary company, Nawada Durgapur Power Transmission Limited, as per the Gazette Notification dated March 24, 2026. The subsidiary will act as the Bid Process Coordinator for the ERES-47: Nawada - Durgapur - Jeerat (New) 76SkV corridor project.

REC Limited

REC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026.

REC Limited

REC Limited has sold and transferred two subsidiaries, WR ER Part A Power Transmission Limited and WR ER Part C Power Transmission Limited, to successful bidders through a tariff-based competitive bidding process.

REC Limited

REC Limited has announced a change in senior management, with Shri Sahab Shri Bhupesh Shri Pankaj Smt. S. Jayanthi Narain as the new Executive Director of the Company, effective June 28, 2026. The new director holds a Bachelor's degree in Engineering and a Master's degree in Business Administration, and has experience in foreign trade and cyber security.

REC Limited

REC Limited's Board of Directors has approved the Scheme of Merger with Power Finance Corporation Limited, creating a financing entity with an aggregate loan book of over INR 11 lakh crore.

REC Limited

REC Limited's Board of Directors has approved a scheme of merger by absorption of REC into Power Finance Corporation Limited (PFC) on a going concern basis, with PFC issuing consideration shares to REC shareholders in a share exchange ratio of 88 PFC shares for every 100 REC shares. The merger is subject to regulatory and other approvals.

REC Limited

REC Limited has announced the appointment of Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official (Independent) Directors to its Board, effective June 22, 2026. These appointments, conveyed by the Ministry of Power, Government of India, are for a term of three months or until further orders. Both directors possess strong profiles, with Dr. Gupta being a distinguished environmentalist and Dr. Devi a medical practitioner with prior public and board experience, including at NTPC Limited. This enhances the company's board oversight and governance structure.

REC Limited

REC Limited announced a disclosure from its promoter, Power Finance Corporation Ltd. (PFC), under Regulation 31(4) of the SEBI Takeover Regulations. PFC declared that it, along with persons acting in concert, has not encumbered (pledged) any shares of REC Limited, directly or indirectly, for the financial year 2025-26. This announcement indicates that the promoter's shareholding in REC remains unpledged, which can be viewed positively by investors as a sign of financial stability and promoter confidence in the company.