Gurugram, April 7 -- REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited - the Maharatna CPSU under the aegis of Ministry of Power & a leading NBFC, handed over its project specific SPV (Special Purpose Vehicle) - Meerut Shamli Power Transmission Limited formed for "Construction of Meerut (765 kV) - Shamli 400 kV D/C Line" in the state of Uttar Pradesh to M/s Megha Engineering & Infrastructures Limited.

M/s Megha Engineering & Infrastructures Limited (MEIL) had emerged as the successful bidder in the Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL for the intra-state transmission project of Govt. of Uttar Pradesh.

RECPDCL acted as the Bid Process Coordinator on behalf ...