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REC Power Development & Consultancy Limited (RECPDCL) transferred the special purpose vehicle Bhadla-III Power Transmission Limited to Power Grid Corporation of India Limited (Powergrid). The project involves 765/400 kV and 400/220 kV transformers and associated works. Powergrid was selected through a tariff-based competitive bidding process.
“RECPDCL has transferred the special purpose vehicle (SPV): Bhadla-III Power Transmission Limited to Power Grid Corporation of India Limited (Powergrid).”powerline.net.in
Summarized from public sources; check the original articles before acting on it.