REC Transfers Transmission Arm to PowerGrid - Wire & Cable India
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REC Transfers Transmission Arm to PowerGrid

The transfer came in the wake of approval from the Power Ministry.

March 27, 2018

trtansmission
Entire shareholding of REC Transmission Ltd (a wholly-owned subsidiary of REC) in WR-NR Power Transmission Ltd, comprising of 50,000 equity shares have been transferred.

State-run Rural Electrification Corp (REC) today said it has transferred the entire shareholding of its wholly-owned subsidiary to Power Grid Corporation of India following approval from the Power Ministry.

In a BSE filing, the company said, “It is further informed that as per approval of Ministry of Power the entire shareholding of REC Transmission Ltd (a wholly-owned subsidiary of REC) in WR-NR Power Transmission Ltd, comprising of 50,000 equity shares have been transferred along with all its assets and liabilities to Power Grid corporation of India Ltd…”

 

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