REC Limited has incorporated two wholly owned subsidiary companies through its wholly owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), for intra-state transmission projects in Bihar and Maharashtra.
The two companies are Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited. Both companies are wholly owned subsidiaries of RECPDCL and are also subsidiaries of REC Limited under Section 2(87) of the Companies Act, 2013.
Vikramshila Power Transmission Limited was incorporated on August 24, 2026, with its Certificate of Incorporation received on August 25, 2026. The company has an authorised capital of ₹5,00,000 and paid-up capital of ₹5,00,000. Its turnover is not applicable as it is a newly incorporated company and is yet to commence its business.
The company has been incorporated for the Evacuation of Power from 3×800 MW STPP Pirpainti project. The Government of Bihar, through its Gazette Notification dated May 7, 2026, allocated the intra-state transmission project, for which RECPDCL has been appointed as the Bid Process Coordinator (BPC).
Following the selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, Vikramshila Power Transmission Limited would be transferred to the successful bidder along with all assets and liabilities.
Alkud II Power Transmission Limited was incorporated on August 25, 2026. It has an authorised capital of ₹5,00,000 and paid-up capital of ₹5,00,000. Its turnover is not applicable as it is a newly incorporated company and is yet to commence its business.
The company has been incorporated for the Establishment of 765/400/220 kV AIS Alkud-II/Jath (Dist. Sangli) project. The Government of Maharashtra, through its Gazette Notification dated July 10, 2026, allocated the intra-state transmission project, with RECPDCL appointed as the Bid Process Coordinator (BPC).
After selection of the successful bidder in accordance with the TBCB guidelines, Alkud II Power Transmission Limited would be transferred to the successful bidder along with all assets and liabilities.
Both companies operate in the power sector and have been incorporated through 100% subscription to their equity share capital in cash. REC Limited holds 100% shareholding and control in each company.
RECPDCL acts as the Bid Process Coordinator for the selection of Transmission Service Providers through the TBCB process for independent inter-state and intra-state transmission projects assigned by the Ministry of Power and State Governments from time to time.
