REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power and a leading NBFC, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Davanagere Power Transmission Limited to Power Grid Corporation of India Limited on 24th September 2025.

Power Grid Corporation of India Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.

The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Arup Kumar Samanta, Senior DGM, Company Secretariat, Po

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