REC Power Development and Consultancy's (RECPDCL) Board has approved the sale and transfer of the entire shareholding of KPSI Transmission, to Megha Engineering & Infrastructures (MEIL). MEIL was selected through the tariff-based competitive bidding.

The sale and transfer of the special purpose vehicle (SPV) will be executed as per the guidelines issued by the Ministry of Power, Government of India (GoI). The process is expected to be completed during FY24.

RECPDCL is a wholly-owned subsidiary of REC.