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.
 

Comments

 

Other News

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter