On August 29, 2023, the Board of REC has given its nod to sale and transfer the entire stake of Beawar Transmission Limited to Sterlite Grid 27, the successful bidder selected through Tariff Based Competitive Bidding process. Board inter-alia approved the sale and transfer of the entire shareholding of Beawar Transmission Limited, held by REC Power Development and Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, to M/s Sterlite Grid 27 Limited, the successful bidder selected through Tariff Based Competitive Bidding process,