REC Limited — Important, 28-03-2025: General Updates

Jejuri Hinjewadi Power Transmission Limited has been incorporated as a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL) to facilitate a network expansion scheme in Maharashtra. This initiative aims to alleviate transmission constraints in the Pune region and address data center power supply needs. The subsidiary is set up with an authorized and paid-up capital of ₹5,00,000, although it is yet to commence operations. The strategic move is in line with Government of Maharashtra directives, positioning REC Limited for future growth opportunities in the power sector. This development could enhance investor sentiment, indicating a proactive approach to infrastructure and service reliability in key markets.