To Power Grid Corporation of India
Rural Electrification Corporation has announced that after receipt of approval of the Ministry of Power, 50,000 equity shares of Unchahar Transmission (UTL), held by REC Transmission Projects Company(RECTPCL) (a Wholly Owned Subsidiary of REC) and its nominees, have been transferred along with all assets and liabilities of the Company (UTL) to Power Grid Corporation of India (PGCIL) and their nominees, on 24 March 2014, substantially upon the terms & conditions as detailed in the Share Purchase Agreement executed between the RECTPCL, UTL and Power Grid Corporation of India, for establishment of 'Transmission System for ATS of Unchahar TPS'.Powered by Capital Market - Live News