REC Ltd - 532955 - Sale And Transfer Of Kallam Transmission Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC.
In compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, it is hereby informed that the Board of Directors of REC Limited in its 486th meeting held on December 7, 2021, inter-alia approved the proposal for sale and transfer of Kallam Transmission Limited to the successful bidder, selected through Tariff Based Competitive Bidding Process.
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IndiGrid get Letter of Intent for transmission project in Maharashtra
Infrastructure investment trust IndiGrid has received Letter of Intent (LoI) from REC Power Development and Consultancy Ltd (REC) to establish a transmission system for evacuation of power from renewable energy projects in Osmanabad area in Maharashtra, a statement said. This project is envisaged on build, own, operate and maintain (BOOM) basis for a period of 35 years through tariff based competitive bidding (TBCB), the statement said. The project, with a planned outlay of Rs 170 crore, will consist of one substation of 2 x 500 MVA, 400/220 kV near Kallam and 10 Bays with a LILO multi circuit line of 18 kms. The project will strengthen the transmission system in Maharashtra by improving the grid availability for evacuation & integration of renewable energy in the state. The project is situated in a low-risk plain topography and is proposed to be completed over the next 15-18 months. REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
This is to inform that Smt. Anjali Kaul, Deputy Manager, who superannuated on December 31, 2020 vide letter dated September 14, 2021 and August 16, 2021 informed that she had inadvertently purchased 21 equity shares of REC Limited in April, 2021, without realizing that the trading window restrictions were applicable to retired employees for a period of 6 months after retirement, in terms of Code of conduct for regulating, monitoring and reporting of trading by insiders of REC. In this regard, the disclosure as prescribed vide SEBI Circular dated July 23, 2020 is attached. REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Directorate
In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform that Ministry of Power, Government of India vide Order No. F.No. 46/2/2010-RE (Vol II) (Part-4) dated November 15, 2021 has appointed the following Part time Non-official Independent Directors on the Board of REC Limited for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier:- 1. Dr. Manoj Manoharrao Pande (DIN 09388430); 2. Dr. Gambheer Singh (DIN 02003319). Further, it is informed that Dr. Manoj Manoharrao Pande and Dr. Gambheer Singh and have given declarations that they are not debarred from holding the office of Director by of virtue of any SEBI Order or any other such authority. REC Ltd - 532955 - Sale And Transfer Of MP Power Transmission Package-II Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC.
This is to inform that MP Power Transmission Package-II Limited, a special purpose vehicle (SPV) and wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL) and REC, was incorporated for development of intra-state transmission work (Package - II) in Madhya Pradesh through Tariff Based Competitive Bidding (TBCB). After successful completion of TBCB process, Adani Transmission Limited emerged as successful bidder for the said project. Accordingly, after receipt of consideration comprising of professional fee for bid process coordination and reimbursement of expenditure incurred on the project by RECPDCL, interest cost etc., the entire shareholding of MP Power Transmission Package-II Limited, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on 01.11.2021 to Adani Transmission Limited. REC Ltd - 532955 - Submission Of Requisite Documents For Claiming Exemption From TDS Or Deduction Of Tax At Lower Rates, On Dividend To Be Paid To Shareholders.
This is in furtherance of our earlier letter dated October 29, 2021 inter-alia intimating about declaration of 2nd interim dividend @ ?2.50 per equity share of ?10/- each for the FY 2021-22. The record date for the said interim dividend is Friday, November 12, 2021. It is brought to the notice of shareholders to submit scanned copy of PAN, Form 15G/15H & other requisite documents for the FY 2021-22, unless already submitted, on or before November 10, 2021, through e-mail at [email protected] /[email protected] with copy marked to [email protected]. REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Directorate
In terms of Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, it is informed that Shri Sanjeev Kumar Gupta (DIN 03464342) who held the post of Director (Technical), REC has superannuated from the services of the Company on October 31, 2021 and accordingly, has ceased to be a Director and Key Managerial Personnel of REC Limited with effect from November 1, 2021. Further, it is now informed that Ministry of Power, Government of India vide Order dated October 21, 2021 (copy enclosed), has communicated that Competent Authority has assigned the additional charge of the post of Director (Technical) to Shri Sanjay Malhotra, CMD for a period of three months with effect from November 1, 2021 to January 31, 2022, or till appointment of a regular incumbent or till further orders, whichever is earliest. REC Ltd - 532955 - Fixes Record Date for Second Interim Dividend
REC Ltd has informed BSE that the Company has fixed November 12, 2021 as the Record Date for the purpose of Payment of Second Interim Dividend.The said interim dividend shall be paid/dispatched on November 25, 2021.
