RECPDCL transfers five interstate transmission project SPVs to bidders
RECPDCL, a subsidiary of NBFC REC Limited, transferred five SPVs for ISTS projects to support competitive bidding. Successful bids were from PGCIL, a consortium of Indigrid 2 Limited & Indigrid 1 Limited, and Apraava Energy Pvt. Ltd. The handover occurred on February 9, 2024. This aligns with the government's strategy to meet electricity demand through renewable power reforms.