Under Northern Region System Strengthening Scheme
Rural Electrification Corporation announced that pursuant to receipt of approval from the Ministry of Power vide their letter dated 22 April 2014 :a. 50,000 Equity Shares of NRSS XXXI (A) Transmission 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 to Power Grid Corporation of India (PGCIL) and their nominees, on 12 May 2014, substantially upon the terms & conditions as detailed in the Share Purchase Agreement executed between the RECTPCL, NRSS XXXI (A) Transmission and M/s Power Grid Corporation of India , for establishment of "Transmission System for Northern Region System Strengthening Scheme, NRSS XXXI (Part A)."
b. 50,000 Equity Shares of NRSS XXXI (B) Transmission 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 to Essel Infraprojects (EIL) and their nominees, on 12 May 2014, substantially upon the terms & conditions as detailed in the Share Purchase Agreement executed between the RECTPCL, NRSS XXXI (B) Transmission Limited and M/s Essel Infraprojects , for establishment of "Transmission System for Northern Region System Strengthening Scheme, NRSS XXXI (Part B)."
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