Business Standard

Rural Electrification Corporation announces transfer of Vemagiri II Transmission

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Capital Market

To Power Grid Corporation of India

Rural Electrification Corporation announced that as per the approval dated 16 November 2015 of Ministry of Power, 100% Equity Shares of Vemagiri II Transmission (V(II)TL) incorporated for strengthening of Transmission System beyond Vemagiri, held by REC Transmission Projects Company (a Wholly Owned Subsidiary of Rural Electrification Corporation) and its nominees, have been transferred along with all assets and liabilities of (V(II)TL) to Power Grid Corporation of India and their nominees, on 04 December 2015.

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First Published: Dec 04 2015 | 6:05 PM IST

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