NSE: RECLTD · 23 October 2026
- REC Limited (RECLTD) shares moved lower in the session on October 23, 2026, declining by 2.37% to close at ₹293.95 compared to its previous close of ₹301.10. The stock opened at ₹301.75, touched a high of ₹302.00, and fell to an intraday low of ₹290.65.
- REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), incorporated three new wholly-owned subsidiary companies on October 23, 2026: Bikaner V Part D Power Transmission Limited, Bikaner V Part C Power Transmission Limited, and YEIDA Power Transmission Limited. These entities were established as project-specific special purpose vehicles to handle inter-state and intra-state power transmission evacuation schemes in Rajasthan and Uttar Pradesh under tariff-based competitive bidding guidelines.
- Trading volume was 0.39 times the 20-day average daily volume.
Why is REC share price falling on 23 October 2026?
REC Limited (RECLTD) shares moved lower in the session on October 23, 2026, declining by 2.37% to close at ₹293.95 compared to its previous close of ₹301.10. The stock opened at ₹301.75, touched a high of ₹302.00, and fell to an intraday low of ₹290.65.
The broader market exhibited negative momentum, with the benchmark Nifty declining by 0.39%. REC Limited's downward movement aligns with its recent short-term trend, reflecting a 5-day return of -5.10% and a 20-day return of -5.63%, indicating persistent selling pressure over the past month.
Company developments indicate active corporate restructuring and project subsidiary formations, including the incorporation of three wholly-owned transmission subsidiaries on October 23, 2026, through its subsidiary RECPDCL. Additionally, the company recently received No Objection Certificates from the Reserve Bank of India, NSE, and BSE regarding its proposed merger with Power Finance Corporation Limited, though these structural updates serve as broader context rather than direct catalysts for today's price decline.
31.59 lakh shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 81.08 lakh shares (0.39 times). The five-day average daily volume was 49.26 lakh shares. Separately, the NSE report for 23 October 2026 showed 12.63 lakh shares delivered, representing 39.97% of that day’s traded volume. The same report recorded 33,735 trades.
The decline of 2.37% lacks a direct same-day operational catalyst and appears consistent with ongoing downward momentum, reflected in negative 5-day (-5.10%) and 20-day (-5.63%) returns alongside below-average trading volume.
Latest Company Developments
REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), incorporated three new wholly-owned subsidiary companies on October 23, 2026: Bikaner V Part D Power Transmission Limited, Bikaner V Part C Power Transmission Limited, and YEIDA Power Transmission Limited. These entities were established as project-specific special purpose vehicles to handle inter-state and intra-state power transmission evacuation schemes in Rajasthan and Uttar Pradesh under tariff-based competitive bidding guidelines.
Demonstrates ongoing operational execution in power transmission project coordination, though it has no immediate impact on daily share price fluctuations.
The company received No Objection Letters from both BSE Limited and the National Stock Exchange of India Limited on October 19, 2026, following an earlier No Objection Certificate from the Reserve Bank of India on October 15, 2026. These clearances pertain to the proposed scheme of amalgamation of REC Limited with and into Power Finance Corporation Limited under Sections 230-232 of the Companies Act, 2013.
Advances the regulatory approval process for the major proposed corporate consolidation with Power Finance Corporation, subject to NCLT and shareholder approvals.
Following receipt of necessary consideration as per tariff-based competitive bidding guidelines, RECPDCL transferred its entire shareholding in Nawada Durgapur Power Transmission Limited to Shivalaya Construction Limited on October 16, 2026. The transaction consideration comprised an acquisition price of ₹18,44,62,442, including taxes, professional fees, and expense reimbursements.
Reflects the successful completion of the bidding process and monetization of completed transmission project SPVs by the subsidiary.
REC Q1 Results: Will PSU NBFC Announce Interim Dividend? Date, Time, Key Things To Watch.
Intimation of receipt of NOC from NSE and BSE in relation to proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.18% on 30 September 2026. This compares with 8.51% on 30 June 2026, a change of -2.33 percentage points.
The filing reported 34 MF/UTI holders.
What to Watch Next
- Upcoming board meeting on October 26, 2026, to consider financial results for the quarter and half-year ended September 30, 2026, and potential second interim dividend.
- Further regulatory developments and NCLT filings regarding the proposed scheme of merger with Power Finance Corporation Limited.
- Progress on transmission project SPV incorporations and bidding processes managed by RECPDCL.
- Delivery volume trends and cash market participation relative to the 20-day average volume of 31,59,284 shares.
Other Dated Coverage
- REC Share Price Today: Why RECLTD Is Falling 0.51% | 21 October 2026 — 21 October 2026
- REC Limited in Focus After RBI Approves Merger With Power Finance Corp | 16 October 2026 — 16 October 2026
- REC Limited in Focus After Transfer of Transmission Subsidiaries | 14 October 2026 — 14 October 2026
More REC news and dated analysis →
Frequently Asked Questions
What is the latest REC company news?
REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), incorporated three new wholly-owned subsidiary companies on October 23, 2026: Bikaner V Part D Power Transmission Limited, Bikaner V Part C Power Transmission Limited, and YEIDA Power Transmission Limited. These entities were established as project-specific special purpose vehicles to handle inter-state and intra-state power transmission evacuation schemes in Rajasthan and Uttar Pradesh under tariff-based competitive bidding guidelines.
How strong was REC’s trading volume?
31.59 lakh shares traded, 0.39 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.