RECPDCL board gives nod for transfer of Beawar Transmission Limited to Sterlite Power

REC Power Development and Consultancy Limited (RECPDCL) has granted approval for the divestment and transfer of the entire shareholding of Beawar Transmission Limited, in accordance with Regulation 30 and Schedule III of the SEBI (LODR) Regulations, 2015.

The designated recipient of this transfer is M/s Sterlite Grid 27 Limited. The selection of this entity follows a meticulous process of Tariff Based Competitive Bidding. The comprehensive intricacies and subsequent execution of this transfer are expected to conclude within the financial year 2023-24.