The entire shareholding of REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of REC Limited in Rampur Sambhal Transco Limited, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on December 12, 2019, to Power Grid Corporation of India Limited, the successful bidder selected through Tariff Based Competitive Bidding Process for construction of 765/400/220 kV GIS substation, Rampur and 400/220/132 kV GIS substation, Sambhal with associated lines.
Hence, with effect from the aforesaid date, the above Project Specific SPV is not subsidiary of RECTPCL & REC.
Shares of REC Ltd was last trading in BSE at Rs.136.1 as compared to the previous close of Rs. 135.05. The total number of shares traded during the day was 89706 in over 682 trades.
The stock hit an intraday high of Rs. 136.75 and intraday low of 134.35. The net turnover during the day was Rs. 12155140.