REC’s subsidiary hands over SPV to Power Grid Corporation of India
POWER & RENEWABLE ENERGY

REC’s subsidiary hands over SPV to Power Grid Corporation of India

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construc...

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construction of Transmission Project, ‘ER NER Transmission’ to Power Grid Corporation of India.Power Grid Corporation of India has been the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator. The winner selection had been carried out through Tariff Based Competitive Bidding (TBCB) for transmission developers in line with the standard bidding documents and guidelines as notified by the Ministry of Power. The work involves establishing 2 X 500 MVA ICT (AIS) at Banka along with associated works, upgradation of Namsai and associated works including around 77 km 220 kV double circuit transmission lines. The project for implementation is targeted in 36 months. With the handing over of the above SPV, RECPDCL successfully handed over 41 transmission projects, costing around `546.42 billion under the TBCB route.

Next Story
Real Estate

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Next Story
Real Estate

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Next Story
Technology

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement