REC Limited, through its wholly-owned subsidiary REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of two project-specific subsidiaries: Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited. The transfer, which occurred on January 9, 2026, involved the sale of 50,000 equity shares of each subsidiary at par value, along with all their assets and liabilities.

Velgaon Power Transmission Limited was sold to Ceigall India Limited, and Jejuri Hinjewadi Power Transmission Limited was sold to The Tata Power Company Limited. Both successful bidders were selected through a tariff-based competitive bidding process and do not belong to REC's promoter or promoter group. The transaction does not fall within the purview of related party transactions.

The consideration for the sale and transfer of each SPV was determined in accordance with the guidelines issued by the Ministry of Power, Government of India. For Velgaon Power Transmission Limited, the consideration comprises professional fees of ₹1,06,85,879.00 (including taxes) and reimbursement of expenses. For Jejuri Hinjewadi Power Transmission Limited, the consideration comprises professional fees of ₹1,56,98,191.00 (including taxes) and reimbursement of expenses. The contribution of these subsidiaries to REC's turnover, revenue, income, and net worth in the last financial year was negligible. With this transfer, these subsidiaries are no longer subsidiaries of RECPDCL or REC Limited.