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RECPDCL hands over Balsane Power Transmission Ltd to M/s Resonia Ltd
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Balsane Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Resonia Limited September 28, 2026.
M/s Resonia Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.
The SPV was handed over by Anil Kumar Perala, Deputy General Manager (Engg.), RECPDCL, to Tushar Chhabra, Head – Business Acquisition, Resonia Limited, in the presence of officials from Resonia Limited, Maharashtra STU, and RECPDCL.
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