News Brief | October 2013
L and T Infra acquires RECs power transmission unit in Karnataka
L and T Infrastructure Development Projects Ltd (L and T IDPL) has acquired REC Transmission Projects Company Ltd's (RECTPCL) subsidiary Kudgi Transmission Ltd (KTL) for Rs 15.19 crore. L and T IDPL has acquired KTL from a subsidiary of state-run infrastructure finance company in the power sector Rural Electrification Corporation (REC). The acquisition was announced on August 8.