Three power transmission companies incorporated as wholly owned subsidiaries

Bikaner V Part A Power Transmission Ltd.

Tue 6 Oct 2026

Authorised capital (each new subsidiary)

₹5,00,000

Paid-up capital (each new subsidiary)

₹5,00,000

Date of incorporation

October 5, 2026

The company has informed the exchanges that three companies have been incorporated on October 5, 2026 as wholly owned subsidiaries of REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary of the listed company. The said companies are also subsidiaries of the listed company in terms of Section 2(87) of the Companies Act, 2013.

The three new companies

• Bikaner V Part A Power Transmission Limited
• Bikaner V Part B Power Transmission Limited
• Mirzapur Power Transmission Limited

Why they were set up

Each has been incorporated as a bid-process entity for a specific transmission project.

• The Ministry of Power, through a Gazette Notification dated June 19, 2026, had allocated an inter-state transmission project, with RECPDCL appointed to act as Bid Process Coordinator (BPC) for the transmission scheme for evacuation of power as part of Rajasthan REZ Ph-IV (part-6: 6GW) (Bikaner Complex) (Bikaner V: 6GW) — Part A and Part B respectively for the two Bikaner companies.
• U.P. Power Transmission Corporation Limited, through a letter dated August 10, 2026, had allocated an intra-state transmission project, with RECPDCL appointed to act as BPC for the construction of 765 kV & 400 kV lines associated with the 765/400 kV Mirzapur Pooling (AIS) Substation.

What happens to these companies

After selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, the company would be transferred to the successful bidder along with all assets & liabilities.

The money and ownership involved

• Authorised capital of each company: ₹5,00,000
• Paid-up capital of each company: ₹5,00,000
• Consideration: 100% subscription to the equity share capital in cash
• Shares subscribed at face value
• Shareholding / control acquired: 100%
• Turnover: Not Applicable, as each is a newly incorporated company yet to commence business

Other points disclosed

• Each new company is a wholly owned subsidiary of RECPDCL and is therefore a related party of the listed company.
• The promoter, promoter group and group companies do not have any interest in these companies except to the extent of their shareholding.
• The industry to which the entities belong is the power sector.
• Indicative time period for completion of the acquisition: Not Applicable.

How a retail investor can read this

These entities are vehicles created to run a competitive bidding process for identified transmission projects. They are to be handed over to the winning bidder along with all assets and liabilities once the bidder is selected, so they are not necessarily permanent operating assets of the group. The capital committed at this stage is the subscription to equity at face value, with authorised and paid-up capital of ₹5,00,000 in each company.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.