Power Grid Corporation of India Ltd acquires Sikar New Transmission Limited equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Read more about REC transfers two project specific SPVs to PowerGrid on Business Standard. Further, Sikar New Transmission (SNTL), another SPV and subsidiary of RECPDCL was incorporated for Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under Phase II - Part C.
At meeting held on 04 February 2021The Board of REC at its meeting held on 04 February 2021 approved the proposals for sale and transfer of Fatehgarh Bhadla Transco, Sikar New Transmission and Ramgarh New Transmission to the successful bidder (Power Grid Corporation of India), selected through Tariff Based Competitive Bidding Process.
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