REC clocks highest ever annual profit of Rs 6,246 cr

REC’s net worth has increased to Rs 33,326 cr, an increase of 16 percent compared to last fiscal

GN Bureau | June 6, 2017


#REC   #annual profits  
Rural Electrification Corporation (REC) Limited, a Navratna enterprise, focused on financing power projects, has said that its total income for 2016-17 fiscal has risen to Rs 24,096 crore as against Rs 23,757 crore in the previous fiscal.
 
The profit before tax (PBT) for the year is Rs 8,861 crore, an increase of 10 percent over the corresponding last year. It has registered an increase of 11 percent in profit after tax (PAT) over the corresponding last year, which stands at Rs 6,246 crore.
 
The net worth of the company has increased to Rs 33,326 crore, registering a growth of 16 percent over the corresponding last year.
 

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