REC Power Development and BHEL form 50:50 joint venture for renewable energy projects

The board of REC approved the formation of a joint venture between its wholly owned subsidiary REC Power Development & Consultancy and Bharat Heavy Electricals, with 50:50 shareholding, for joint development of renewable energy and other power and infrastructure projects.

“The board of REC at its meeting held on 08 May 2025 has approved the formation of a joint venture between REC Power Development & Consultancy and Bharat Heavy Electricals in the shareholding of 50:50 for joint development of renewable energy / other power and infrastructure projects.”business-standard.com

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• business-standard.comBoard of REC approves JV between REC Power Development and BHEL | Capital Market News - Business StandardCapital MarketMay 8, 2025

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