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Corporate News
Outcome of board meeting of REC
06-December-2018 [18:27]
The Board of REC at its meeting held on 05 December 2018 approved the following -

1. Incorporation of Joint Venture Company between REC Transmission Projects Company (RECTPCL) and Maharashtra State Electricity Transmission Company (MSETCL) for exploration of new business opportunities in Power Sector in India and abroad;

2. Sale and transfer of Jawaharpur Firozabad Transmission, a wholly-owned subsidiary of RECTPCL and also of REC (in terms of Section 2(87) of the Companies Act, 2013), to Power Grid Corporation of India, which has emerged as the Successful Bidder (L1), through Tariff Based Competitive Bidding Process, for 'Evacuation of Power from 2 x 660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines'.

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ATTENTION INVESTORS :

Securities Broking is through Aditya Birla Money Limited: SEBI Registration No.NSE/BSE: INZ000172636 ; NSDL /CDSL: IN-DP-17-2015. PMS - INP 000003757, Research Analyst – INH000002145, Investment Adviser - INA000009214. Central Insurance Repository Limited: IRDA/IR2/2014/312. Commodity Broking is through Aditya Birla Commodities Broking Limited; SEBI Registration No. for Commodities: INZ000107335. NCDEX Membership No.: 00158; MCX Membership No.28730;. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the risk disclosure document, rights and obligations, guidance note, Do’s and Don’ts and policies and procedure carefully before making any investment decision. PMS and such other services are not offered in commodities segment. Instant account opening can be availed by KRA verified clients. The facility of availing e signature is at the sole discretion of the client.
Corporate Office: No. 53, Ali Centre, Greams Road, Chennai - 600 006. Regd. office: Indian Rayon Compound, Veraval, Gujarat - 362 266 | E-mail: care.stocksandsecurities@adityabirlacapital.com | CIN L65993GJ1995PLC064810 | Tel: +91-44-49490000 | Website: stocksandsecurities.adityabirlacapital.com | Fax: +91-44-28290835.

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