RECPDCL Transfers Umred Transmission SPV To MSETCL
POWER & RENEWABLE ENERGY

RECPDCL Transfers Umred Transmission SPV To MSETCL

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited under the Ministry of Power, has handed over Umred Power Transmission Limited, a project-specific special purpose vehicle (SPV) for Maharashtra’s intra-state transmission project, to Maharashtra State Electricity Transmission Company Limited (MSETCL).

MSETCL emerged as the successful bidder through the tariff-based competitive bidding (TBCB) process conducted by RECPDCL, which acted as the bid process coordinator. The project will be developed on a build, own, operate and transfer (BOOT) basis, with an implementation period of 24 months.

The SPV was transferred by Shri Vijay Kulkarni, Senior General Manager & HoD (T&D), RECPDCL, to Ms Vineeta Shriwani, Company Secretary, and Shri Amit Naik, Chief Engineer (TBCB), MSETCL, in the presence of senior officials from RECPDCL, MSETCL and Maharashtra STU.

The scope includes the establishment of a 400/220/132 kV substation at Umred; a 220 kV double-circuit line of around 51 km from Umred (New) to Additional Buttibori (Proposed); a 132 kV double-circuit line of around 38 km from Kolari (Existing) to Umred (New); and LILO of various 400/220/132 kV lines, along with associated works.


REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited under the Ministry of Power, has handed over Umred Power Transmission Limited, a project-specific special purpose vehicle (SPV) for Maharashtra’s intra-state transmission project, to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the tariff-based competitive bidding (TBCB) process conducted by RECPDCL, which acted as the bid process coordinator. The project will be developed on a build, own, operate and transfer (BOOT) basis, with an implementation period of 24 months.The SPV was transferred by Shri Vijay Kulkarni, Senior General Manager & HoD (T&D), RECPDCL, to Ms Vineeta Shriwani, Company Secretary, and Shri Amit Naik, Chief Engineer (TBCB), MSETCL, in the presence of senior officials from RECPDCL, MSETCL and Maharashtra STU.The scope includes the establishment of a 400/220/132 kV substation at Umred; a 220 kV double-circuit line of around 51 km from Umred (New) to Additional Buttibori (Proposed); a 132 kV double-circuit line of around 38 km from Kolari (Existing) to Umred (New); and LILO of various 400/220/132 kV lines, along with associated works.

Next Story
Infrastructure Urban

MRPL Board Approves Results For Year Ended March 2026

The board of Mangalore Refinery and Petrochemicals Limited approved audited standalone and consolidated financial results for the fourth quarter and year ended 31 March 2026. The board meeting was held on 24 April 2026 and approved the accounts for the quarter and the financial year. The company reported revenue from operations for the quarter of Rs 284,930 million (mn). This compares with the prior period figures disclosed in the filing. Profit before tax for the quarter was Rs 12,350 mn, up from Rs 5,840 mn in the corresponding quarter of the previous year. Profit after tax for the quarter w..

Next Story
Infrastructure Urban

Reliance Posts Record Annual Revenue And Profit For FY26

Reliance Industries reported record annual consolidated revenue of Rs 11,759.19 billion (bn) for the year ended 31 March 2026, reflecting an increase of nine point eight per cent year on year, and annual consolidated EBITDA of Rs 2,079.11 bn, up thirteen point four per cent. Annual profit after tax reached Rs 956.10 bn, rising eighteen point three per cent, and the board declared a dividend of Rs six per share. Quarterly consolidated gross revenue stood at Rs 3,252.90 bn while quarterly EBITDA was stable at Rs 485.88 bn, with capital expenditure for the year at Rs 1,442.71 bn as the group adva..

Next Story
Infrastructure Urban

Lodha Posts Record Pre-sales And Reduced Net Debt In FY26

Lodha Developers reported strong FY26 performance, with record annual pre-sales of Rs 205,300 million (mn) and a marked reduction in net debt to Rs 53,770 million. The report covered the quarter ended 31 March 2026 and noted the best-ever quarterly and annual pre-sales, driven by rising collections and operational efficiencies. Net debt to equity stood at 0.23x by quarter end, reflecting low leverage alongside scaled business expansion. The company delivered profit after tax of Rs 34,310 million, up 24 per cent, with PAT margin improving to 20.0 per cent from 19.5 per cent a year earlier. Duri..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement