NSE: RECLTD · 14 October 2026 · Pre-market update
- REC Limited announced that its wholly owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of two project-specific subsidiaries, Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, to successful bidders following a tariff-based competitive bidding process.
- REC Power Development and Consultancy Limited transferred the entire shareholding of Jam Khambhaliya Jamnagar Power Transmission Limited to Ceigall India Limited and Lakadia II Power Transmission Limited to Power Grid Corporation of India Limited on October 12, 2026. The transaction consideration comprises acquisition prices of approximately ₹18.40 crore and ₹18.43 crore respectively, inclusive of taxes, professional fees, and expense reimbursements.
- Trading volume was 2.16 times the 20-day average daily volume.
REC Company News Before Market Open
REC Limited announced that its wholly owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has completed the sale and transfer of two project-specific subsidiaries, Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, to successful bidders following a tariff-based competitive bidding process.
The completion of subsidiary share transfers via competitive bidding highlights ongoing asset monetization and restructuring within the company's project portfolio. Investors will monitor how the monetization of these transmission SPVs impacts subsidiary-level contributions and overall corporate financials. The prior trading session closed at ₹307.0, marking a 1.99% return ahead of the market open.
1.54 crore shares traded on 13 October 2026. This compares with a 20-day average daily volume of 71.27 lakh shares (2.16 times). The five-day average daily volume was 53.99 lakh shares.
The completion of subsidiary share transfers via competitive bidding highlights ongoing asset monetization and restructuring within the company's project portfolio. Investors will monitor how the monetization of these transmission SPVs impacts subsidiary-level contributions and overall corporate financials. The prior trading session closed at ₹307.0, marking a 1.99% return ahead of the market open.
Latest Company Developments
REC Power Development and Consultancy Limited transferred the entire shareholding of Jam Khambhaliya Jamnagar Power Transmission Limited to Ceigall India Limited and Lakadia II Power Transmission Limited to Power Grid Corporation of India Limited on October 12, 2026. The transaction consideration comprises acquisition prices of approximately ₹18.40 crore and ₹18.43 crore respectively, inclusive of taxes, professional fees, and expense reimbursements.
The divestment of these project-specific subsidiaries alters the asset holding structure of RECPDCL and REC Limited following competitive bidding execution.
Intimation of sale and transfer of project specific SPVs/Subsidiaries.
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
- Market reaction to the finalized subsidiary transfers involving Ceigall India and Power Grid Corporation of India.
- Trading volume and price action relative to the previous close of ₹307.0 and the 20-day average close of ₹303.68.
- Any further disclosures regarding additional project-specific SPV monetization or strategic developments.
Other Dated Coverage
- REC Limited in Focus After Sale of Transmission SPVs; What to Watch | 13 October 2026 — 13 October 2026
- REC Limited in Focus After Incorporating Three Power Transmission Subsidiaries | 8 October 2026 — 8 October 2026
- REC Share Price Today: Why RECLTD Is Falling 0.37% | 7 October 2026 — 7 October 2026
More REC news and dated analysis →
Frequently Asked Questions
What is the latest REC company news?
REC Power Development and Consultancy Limited transferred the entire shareholding of Jam Khambhaliya Jamnagar Power Transmission Limited to Ceigall India Limited and Lakadia II Power Transmission Limited to Power Grid Corporation of India Limited on October 12, 2026. The transaction consideration comprises acquisition prices of approximately ₹18.40 crore and ₹18.43 crore respectively, inclusive of taxes, professional fees, and expense reimbursements.
How strong was REC’s trading volume?
1.54 crore shares traded, 2.16 times the 20-day average daily volume. The price and volume data are dated 13 October 2026.
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.