M/s Resonia Limited emerged as the successful bidder 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 Smt. Monisha Barua, GM & HoD, RECPDCL to Sh. Tushar Chhabra, Head (Business Acquisition), Resonia Limited in the presence of Managing Director, KPTCL, Senior Officials of RECPDCL and Officials of Karnataka Power Transmission Corporation Limited. The implementation period of the project is 24 months.

The scheme broadly covers establishment of 400/220/33 kV GIS sub-station at Hampapura, 400 kV Double Circuit line of around 299 km from Jagalur to Kadakola, 220 kV Double Circuit line of around 125 km from Hampapura to Nagamangala, Maddur, Tubinakere & Huygonahalli and LILO of 400kV DC Quad moose line from Jagalur-Kadakola to proposed 765/400kV CN’Halli Station, along with other associated works.

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The high-profile signing ceremony was graced by the Hon’ble Energy Minister, Govt. of Bihar, Shri Shailesh Kumar (alias Bulo Mandal). Also in attendance were key administrative leaders, including Shri Ajay Yadav (IAS), Energy Secretary & CMD of BSPHCL; Shri Prince Dhawan (IAS), Chief Executive Officer of RECPDCL; and Shri Rahul Kumar (IAS), Managing Director of BSPTCL, alongside senior officials from the Energy Department of the Government of Bihar, BSPTCL, and BSPHCL.

Key Objectives of the Partnership

The collaboration is designed to fundamentally upgrade Bihar’s power architecture. The core focus areas of the MoU include:

(1) Grid Modernization: Building a resilient, high-tech network to minimize transmission losses and improve power quality.

(2) Transparent Bidding: Leveraging the TBCB mode to ensure cost-effective, competitive, and highly transparent project allocations.

(3) Accelerated Execution: Streamlining timelines to fast-track the implementation of critical transmission projects.

(4) Private Investment: Encouraging greater private sector participation to bring global best practices and robust funding into the state’s power sector.

Hon’ble Energy Minister Shri Shailesh Kumar alias Bulo Mandal highlighted that this initiative will significantly contribute to Bihar’s industrial growth vision for 2025–30 by ensuring reliable and efficient power infrastructure for upcoming industries.

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Velgaon Power Transmission Limited

RECPDCL handed over Velgaon Power Transmission Limited, an SPV formed for an Intra-State Transmission Project of Maharashtra, to M/s Ceigall India Limited. Ceigall India Limited emerged as the successful bidder through the TBCB process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.

The SPV was formally handed over by Shri Vijay Kulkarni, Senior General Manager & Head of Department (T&D), RECPDCL, to Dr. Sudhir Rao Hoshing, Whole-time Director, Ceigall India Limited, in the presence of senior officials of RECPDCL, Ceigall India Limited and Maharashtra STU. The implementation period of the project is 24 months.

The project broadly covers the establishment of a 400/220 kV Velgaon Substation (GIS) and LILO of 400 kV Double Circuit and 220 kV Double Circuit & Single Circuit lines at Velgaon Substation, along with other associated works.

Jejuri Hinjewadi Power Transmission Limited

On the same day, RECPDCL also handed over Jejuri Hinjewadi Power Transmission Limited, another SPV for an Intra-State Transmission Project of Maharashtra, to M/s The Tata Power Company Limited. The Tata Power Company Limited was selected as the successful bidder through the TBCB process conducted by RECPDCL for development of the transmission project on a Build, Own, Operate & Transfer (BOOT) basis.

The SPV was handed over by Shri Vijay Kulkarni, Senior General Manager & Head of Department (T&D), RECPDCL, to Shri Piyush Kumar, Head BD–T&D (International), The Tata Power Company Limited, in the presence of senior officials of RECPDCL, The Tata Power Company Limited and Maharashtra STU. The implementation period of this project is also 24 months.

The scheme envisages the establishment of a 400 kV Double Circuit transmission line of approximately 115 km from Jejuri (existing) to Hinjewadi, along with other associated works.

The successful handover of these two SPVs underscores RECPDCL’s continued role as a leading Bid Process Coordinator in strengthening the transmission infrastructure of the country through transparent and competitive bidding, thereby facilitating reliable and efficient power evacuation within the State of Maharashtra.

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M/s Shivalaya Construction Limited emerged as the successful bidder 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 Saurabh Rastogi, CEO, RECPDCL to Sh. Rajesh Kumar Singh, Head (Power & Transmission), Shivalaya Construction Limited in the presence of Senior Officials of RECPDCL, Shivalaya Construction Limited and Central Transmission Utility of India Limited. The implementation period of the project is 30 months.

The scheme broadly covers Establishment of 765/400 kV CN’Halli Station (Karnataka), 765 kV Double circuit line of around 181 km from Ananthapuram-II PS to CN’Halli and Augmentation of Ananthapuram-II Pooling Station (Andhra Pradesh), along with other associated works.

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M/s Power Grid Corporation of India Limited emerged as the successful bidder 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 Saurabh Rastogi, CEO, RECPDCL to Sh. Satyaprakash Dash, Company Secretary, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.

The scheme covers establishment of Parli New (Maharashtra) – Bidar (Karnataka) 765 kV Double Circuit line of around 109 km.

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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, Rajgarh Neemuch Power Transmission Limited to M/s G R Infraprojects Limited on 29^th September 2025.

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RECPDCL earned the Best Power Transmission Company award for its role as a Bid Process Coordinator and consultant in enhancing power transmission infrastructure. CEO T.S.C. Bosh accepted both awards at the event.

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REC Limited was honored with the Best Financial Services Company award in the Central PSU category. This recognition affirms REC’s robust performance, financial stability, and dedicated support for key infrastructure and energy projects across the nation.

RECPDCL, Subsidiary of REC, secured the Best Power Transmission Company award in the Central PSU category. This award highlights RECPDCL’s expertise and instrumental contribution as a Bid Process Coordinator (BPC) and consultant in accelerating power transmission infrastructure projects.

Sh. T.S.C. Bosh, CEO of RECPDCL and Executive Director of REC Ltd., proudly received both the awards at the summit.

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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 24^th 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, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.

The scheme covers augmentation of transformation capacity at Davanagere PS by 1×1500 MVA 765/400 kV ICT & 4×500 MVA 400/220 kV ICTs, along with 220 kV line bays. The estimated cost of the project is around Rs. 366.26 Crore.

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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, Power Grid Corporation of India Limited in the presence of Senior Officials of RECPDCL, Power Grid Corporation of India Limited and Central Transmission Utility of India Limited. The implementation period of the project is 24 months.

The scheme covers augmentation of transformation capacity at Davanagere PS by 1×1500 MVA 765/400 kV ICT & 4×500 MVA 400/220 kV ICTs, along with 220 kV line bays. The estimated cost of the project is around Rs. 366.26 Crore.

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