REC pays Rs. 718.52 cr interim dividend to GOI

Sarkaritel
By Sarkaritel March 1, 2016 21:04

REC pays Rs. 718.52 cr interim dividend to GOI


rec-dividend

New Delhi, Mar 01 Rajeev Sharma, Chairman and Managing Director of Rural Electrification Corporation Limited (REC), a Navratna Public Sector Undertaking under Ministry of Power, presented RTGS credit advice towards payment of Interim Dividend for the Financial Year 2015-16, amounting to Rs. 718.52 crore on the shareholding of Government of India in REC to  Piyush Goyal, Minister of State for Power (Independent Charge) on Tuesday, March 1, 2016 in the presence of P.K. Pujari, Secretary, Dr. Arun Kumar Verma, Joint Secretary and senior officials of REC.

Further, for the nine months ended December 31, 2015, the Company sanctioned new projects of Rs. 49,262 crore and disbursed Rs. 34,031 crore to various power sector borrowers. During the said period, the Company recorded a PBT and PAT of Rs. 6272.52 crore and PAT of Rs. 4467.63 crore, thereby registering a y-o-y growth of 9% and 7% respectively.

Sarkaritel
By Sarkaritel March 1, 2016 21:04