{
  "id": 9613259,
  "title": "RECPDCL Hands Over Two Special Purpose Vehicles to Successful TBCB Bidders",
  "url": "https://urgent.news/2026/09/24/recpdcl-hands-over-two-special-purpose-vehicles-to-successful-tbcb",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T18:47:35.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/corporate-gallery/recpdcl-hands-over-two-special-purpose-vehicles-to-successful-tbcb-bidders"
  },
  "original_language": "en",
  "account": "RECPDCL transferred two Special Purpose Vehicles (SPVs) to successful bidders on September 23rd, 2026. Barmer HVDC Power Transmission Limited, an inter-state transmission project, was awarded to Power Grid Corporation of India Limited. The SPV will construct a 6000 MW HVDC terminal station in Barmer and a ±800 kV HVDC Bipole line between Barmer and South Kalamb. Sakoli Power Transmission Limited, an intra-state project, was given to Ashoka Buildcon Limited. The SPV will build a 400/220/132 kV AIS Sakoli in Maharashtra, featuring ICTs, 220 kV DC lines, and other associated works. Both projects were awarded through the Tariff-Based Competitive Bidding (TBCB) process, on a Build, Own, Operate, and Transfer (BOOT) basis.",
  "summary": "REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over two project-specific Special Purpose Vehicles (SPVs) to their respective successful bidders on 23rd September 2026 — Barmer HVDC Power Transmission Limited, an inter-state transmission project SPV, to M/s Power Grid Corporation of India…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}