REC Ltd on Friday said its arm, REC Power Development and Consultancy Ltd (RECPDCL), has handed over the special purpose vehicle (SPV) of the Bellary-Davanagere Power Transmission project to Power Grid Corporation of India.

PowerGrid was selected as the successful bidder through tariff-based competitive bidding conducted by RECPDCL to develop the project under the Build, Own, Operate and Transfer (BOOT) model.

The SPV was officially transferred to PowerGrid on February 12, 2026, enabling the company to undertake development and execution of the transmission project.