REC Limited Achieves 'Excellent' Rating for Third Consecutive Year in FY25 MoU Performance

REC Limited has secured an 'Excellent' rating from the Department of Public Enterprises (DPE), Ministry of Finance, for its Memorandum of Understanding (MoU) Performance for the financial year 2024-25. The company announced this achievement through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Performance Rating Details

The rating assessment is based on the MoU signed between REC Limited and its holding company, Power Finance Corporation Limited. The Department of Public Enterprises evaluates performance according to prescribed guidelines established for such assessments.

Performance Parameter:	Details
Rating Achieved:	Excellent
Financial Year:	2024-25
Evaluating Authority:	Department of Public Enterprises, Ministry of Finance
Assessment Basis:	MoU with Power Finance Corporation Limited

Consecutive Excellence Achievement

This latest recognition represents REC Limited's third consecutive year of achieving the 'Excellent' rating. The company emphasized that this consistent performance highlights its excellence in both operational and financial domains. The sustained achievement of the highest rating category demonstrates the company's ability to maintain superior performance standards across multiple fiscal years.

Regulatory Compliance

REC Limited disclosed this information in compliance with SEBI regulations, specifically under Regulation 30 which mandates the disclosure of material events and information. The announcement was made through official communication to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency with stakeholders and the investment community.

The achievement reinforces REC Limited's position as a well-performing entity within the public sector enterprise framework, meeting and exceeding the performance benchmarks established by the government's evaluation mechanisms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.84%	-0.88%	-7.15%	-13.97%	-22.09%	+226.24%

REC Limited has officially incorporated Munak Power Transmission Limited on January 5, 2026, with the Certificate of Incorporation received on January 7, 2026. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a significant expansion in its power transmission infrastructure portfolio.

Corporate Structure and Regulatory Details

Munak Power Transmission Limited (CIN: U42202DL2026GOI461101) has been established as a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is itself a wholly owned subsidiary of REC Limited. Under Section 2(87) of the Companies Act, 2013, the entity also qualifies as a subsidiary company of REC Limited.

Corporate Parameter	Details
Incorporation Date	January 5, 2026
Certificate Received	January 7, 2026
CIN Number	U42202DL2026GOI461101
Authorized Capital	₹5.00 lakh
Paid-up Capital	₹5.00 lakh
Shareholding	100% by RECPDCL

Project Mandate and Infrastructure Scope

The incorporation follows Haryana Vidyut Prasaran Nigam Limited's (HVPNL) letter dated October 1, 2025, which allocated an intra-state transmission project to RECPDCL. Under this arrangement, RECPDCL has been appointed as Bid Process Coordinator (BPC) for selecting a bidder to create the 400 KV substation Munak (HVPNL) and its associated transmission lines.

Infrastructure Specification	Details
Substation Voltage	400 KV
Power Evacuation Capacity	800 MW
Source Location	DCRTPP, Yamunanagar
Selection Process	Tariff Based Competitive Bidding (TBCB)

Strategic Implementation Framework

The newly incorporated entity will facilitate the development of critical transmission infrastructure for evacuating 800 MW power from DCRTPP, Yamunanagar. Following the selection of a successful bidder through the TBCB guidelines, Munak Power Transmission Limited will be transferred to the winning bidder along with all associated assets and liabilities.

This operational model demonstrates REC's role in facilitating infrastructure development while ensuring competitive bidding processes for transmission projects. The 400 KV transmission infrastructure represents high-voltage technology essential for efficient long-distance power delivery and grid interconnection, supporting India's expanding electrical transmission network requirements.