26 March 2015:

Shri Rajeev Sharma, CMD of REC, a Navratna Public Sector Undertaking under Ministry of Power, presented RTGS credit advice towards payment of Interim Dividend for the Financial Year 2014-15, amounting to Rs.518.53 crore on the shareholding of Government of India in REC to Shri Piyush Goyal, Hon’ble Minister of State for Power (Independent Charge) on Wednesday, March 25, 2015 in the presence of Shri B.N. Sharma, Joint Secretary and Dr. Pradeep Kumar, Joint Secretary & Financial Advisor,   Ministry of Power and senior officials of REC.  Further, for the nine months ended December 31, 2014, the Company sanctioned new projects of Rs. 47,291 crore and disbursed Rs.28,151 crore to various power sector borrowers. During the said period, the Company recorded a PBT and PAT of Rs.5768 crore and PAT of Rs.4164 crore, thereby registering a y-o-y growth of 18% and 19% respectively.

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