NSE: RECLTD · 6 October 2026
- REC Limited shares moved higher by 1.47% on Tuesday, trading near the upper end of the day's range of ₹294.95 to ₹300.60 after opening at ₹295.50.
- REC Limited announced that its subsidiary, REC Power Development and Consultancy Limited, incorporated three wholly owned subsidiaries—Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited. These entities were established following project allocations by the Ministry of Power and U.P. Power Transmission Corporation Limited to act as the Bid Process Coordinator for major transmission schemes. Each company has been incorporated with an authorized and paid-up capital of ₹5,00,000.
- Trading volume was 0.86 times the 20-day average daily volume.
Why is REC share price rising on 6 October 2026?
REC Limited shares moved higher by 1.47% on Tuesday, trading near the upper end of the day's range of ₹294.95 to ₹300.60 after opening at ₹295.50.
The broader market demonstrated positive momentum, with the Nifty advancing 0.98%. REC Limited's movement also follows a recent consolidation phase, reflecting steady buying interest within the financial services segment.
On the corporate front, the company announced on October 6 that its wholly owned subsidiary, REC Power Development and Consultancy Limited, incorporated three new project-specific subsidiaries—Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited—to facilitate major inter-state and intra-state power evacuation and transmission projects. While this expansion highlights ongoing business execution, no single confirmed trigger ties this incorporation directly to today's share price action.
54.60 lakh shares traded by 6 October 2026 · 03:15 PM IST. This compares with a 20-day average daily volume of 63.41 lakh shares (0.86 times). The five-day average daily volume was 1.29 crore shares. Separately, the NSE report for 5 October 2026 showed 58.92 lakh shares delivered, representing 68.19% of that day’s traded volume. The same report recorded 63,398 trades.
The stock advanced alongside broader market gains supported by steady delivery volumes and ongoing updates regarding project subsidiary incorporations, though no single direct catalyst is proven to have driven the session's exact gain.
Latest Company Developments
REC Limited announced that its subsidiary, REC Power Development and Consultancy Limited, incorporated three wholly owned subsidiaries—Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited. These entities were established following project allocations by the Ministry of Power and U.P. Power Transmission Corporation Limited to act as the Bid Process Coordinator for major transmission schemes. Each company has been incorporated with an authorized and paid-up capital of ₹5,00,000.
Demonstrates continuous project pipeline execution in power evacuation infrastructure, though newly incorporated entities are yet to commence commercial operations.
The board reviewed fines levied by the NSE and BSE regarding non-compliance with Independent Director composition requirements for the quarter ended June 30, 2026. The company stated that as a government enterprise, the power to appoint Independent Directors rests solely with the President of India through the Ministry of Power, and requested a waiver of the penalties.
Clarifies the regulatory status regarding board composition and highlights administrative dependencies typical of public sector enterprises.
Following the receipt of necessary consideration, REC Power Development and Consultancy Limited completed the transfer of its entire shareholding in Balsane Power Transmission Limited to Resonia Limited. The transaction consideration of ₹5,59,19,024 included taxes, professional fees, and expense reimbursements.
Marks the successful completion and monetization of a project-specific SPV through the tariff-based competitive bidding process.
REC Q1 Results: Will PSU NBFC Announce Interim Dividend? Date, Time, Key Things To Watch.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 8.51% on 30 June 2026. This compares with 9.02% on 31 March 2026, a change of -0.51 percentage points.
The filing reported 37 MF/UTI holders.
What to Watch Next
- Progress on the newly incorporated Bikaner and Mirzapur power transmission SPVs and subsequent bidder selection
- Execution of upcoming inter-state and intra-state transmission projects managed by RECPDCL
- Updates regarding the appointment of requisite Independent Directors to address regulatory compliance
- Delivery volume trends against the 20-day average volume of 54,59,659 shares
Other Dated Coverage
- Why REC Limited Shares Are Rising 2.75% Today: Technical Rebound | 5 October 2026 — 5 October 2026
- Why REC Limited Shares Fell 3.76% Today to 52-Week Lows | 1 October 2026 — 1 October 2026
- Why REC Shares Are Rising 2.24% Today: Technical Rebound Explained | 30 September 2026 — 30 September 2026
More REC news and dated analysis →
Frequently Asked Questions
What is the latest REC company news?
REC Limited announced that its subsidiary, REC Power Development and Consultancy Limited, incorporated three wholly owned subsidiaries—Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited. These entities were established following project allocations by the Ministry of Power and U.P. Power Transmission Corporation Limited to act as the Bid Process Coordinator for major transmission schemes. Each company has been incorporated with an authorized and paid-up capital of ₹5,00,000.
How strong was REC’s trading volume?
54.60 lakh shares traded, 0.86 times the 20-day average daily volume. The price and volume data are dated 6 October 2026 · 03:15 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 June 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.