REC forms Musalgaon Power Transmission to run Maharashtra TBCB process

disclosed that Musalgaon Power Transmission Limited was incorporated on December 20, 2025 as a wholly owned subsidiary under REC Power Development and Consultancy Ltd (RECPDCL), which itself is a wholly owned subsidiary of REC. The entity has an authorised capital of ₹5 lakh and appears to be a special purpose vehicle created to support an intra state transmission project in Maharashtra. ​ According to the filing cited in the article, the Government of Maharashtra (order dated October 3, 2025) allocated an intra-state transmission project and appointed RECPDCL as the Bid Process Coordinator under Tariff-Based Competitive Bidding (TBCB) guidelines, with the subsidiary’s role linked to progressing the bidding and eventual selection of the successful bidder. ​ The article also references REC’s recent financial performance: net profit increased to ₹4,414.93 crore versus ₹4,037.72 crore (over 9% year-on-year), while revenue rose to ₹15,162.38 crore from ₹13,706.31 crore (10.62% increase). Interest income grew to ₹14,589.97 crore from ₹13,484.82 crore. In market trading cited, REC shares ended at ₹339.20, up ₹2.20 or 0.65% on Friday despite a negative weekly close. ​ Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.