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(As on Mar 25, 2025, 15:28)

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REC Transfers Four Transmission SPVs to Power Grid and IndiGrid

REC announced on Tuesday that its subsidiary, RECPDCL, has transferred four project-specific special purpose vehicles (SPVs) — three to Power Grid Corporation of India Ltd and one to IndiGrid 2 Private Ltd.

According to a statement from REC, the transmission asset named Ratle Kiru Power Transmission Ltd has been handed over to IndiGrid 2 Private Ltd.

The project involves the construction of a 150-km, 400 kV transmission line connecting Samba (J&K) to Jalandhar (Punjab), as well as a 35-km, 400 kV line linking Kishenpur (J&K) to Samba. Additional associated works are also part of the project, which is estimated to cost approximately Rs 1,407.44 crore.

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