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REC Ltd Fosters Growth with New Subsidiary
20 Dec
Summary
- Musalgaon Power Transmission Limited was incorporated on December 20, 2025.
- The authorized capital for the new entity stands at ₹5 lakh.
- Maharashtra government allocated an intra-state transmission project.
Musalgaon Power Transmission Limited officially came into existence on December 20, 2025. This new company is a wholly owned subsidiary of REC Power Development and Consultancy Limited, itself a subsidiary of REC Ltd. The incorporation follows the successful selection of a bidder through the Tariff-Based Competitive Bidding (TBCB) process.
The authorized capital for Musalgaon Power Transmission Limited has been set at ₹5 lakh. The Government of Maharashtra had allocated an intra-state transmission project, appointing REC Power Development and Consultancy Limited as the Bid Process Coordinator for this initiative.
This expansion occurs as REC Ltd announced robust financial results. For the September quarter, the company's net profit surged over 9% year-on-year to ₹4,414.93 crore. Revenue also saw a healthy increase of 10.62% compared to the previous year.
