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Velgaon Power Transmission incorporated as REC's subsidiary

Tuesday, 01 Apr 2025
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Velgaon Power Transmission has been incorporated as a wholly owned subsidiary of REC Power Development and Consultancy (RECPDCL), itself a subsidiary of REC. The company has been established for the development of a 400/200 kV Velgaon Substation (GIS). Its authorized capital stands at Rs five lakh.

The Government of Maharashtra, through an order dated 12 February, 2025, allocated an intra-state transmission project, appointing RECPDCL as the Bid Process Coordinator (BPC) to select a bidder for the substation’s establishment. Following this, Velgaon Power Transmission was incorporated on 29 March, 2025, with its Certificate of Incorporation received on 30 March, 2025.

Upon the selection of a successful bidder under the tariff-based competitive bidding (TBCB) guidelines, the company will be transferred to the winning bidder along with all its assets and liabilities.

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