New Delhi: In a strategic move to enhance power transmission infrastructure in Maharashtra, REC Limited has announced the incorporation of Jalna Power Transmission Limited, a wholly-owned subsidiary of its arm REC Power Development and Consultancy Limited (RECPDCL).
According to the company’s filing with NSE and BSE under Regulation 30 of SEBI’s LODR Regulations, the new entity was officially registered on June 29, 2025.
SPV Set Up to Implement State Transmission Project
The formation of Jalna Power Transmission Ltd is part of the execution strategy for a 400/132 kV intra-state transmission system in Jalna district. The Government of Maharashtra, through an order dated April 9, 2025, had appointed RECPDCL as the Bid Process Coordinator (BPC) to facilitate this project under the Tariff-Based Competitive Bidding (TBCB) model.
Jalna Power Transmission will function as the Special Purpose Vehicle (SPV) to manage the bidding process and facilitate the eventual asset transfer to the selected private developer.
Capital Structure and Compliance
As per the disclosure, Jalna Power Transmission Limited has an authorized and paid-up capital of ₹5 lakh. The transaction involves no related-party dealings aside from REC’s ownership, and no additional regulatory approvals are pending.
While the project is still in its early phases, the establishment of this SPV further consolidates REC’s pivotal role in expanding and modernizing India’s power transmission network, especially in alignment with state-led infrastructure development.
REC’s Growing Role in Power Sector Development
This move is in line with REC’s broader mission to facilitate efficient infrastructure deployment across the power sector. By empowering its subsidiary RECPDCL to act as BPC, REC continues to play a key role in driving private participation and transparency in power transmission projects.
About REC
REC Limited (formerly Rural Electrification Corporation Limited) is a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India. Established in 1969, REC is a leading non-banking financial company (NBFC), playing a pivotal role in financing and promoting power sector development across India.
