Release id: 04/ 2011

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04 April 2011  

REIL achieved ever highest Turnover of Rs. 134 Crore in the Financial Year 2010-11

 

Rajasthan Electronics & Instruments Limited achieved a record turnover of Rs. 134 Crore for the financial year 2010-11. Inspite of global meltdown and stiff competition the company has achieved the turnover with a growth rate of 34% as compared to the previous year. This year in the field of Dairy Electronics, Information Technology and Renewable Energy company has achieved a turnover of Rs. 58 Crores and Rs. 76 Crores respectively.

 

This year REIL has supplied Solar Power Packs to 144 No. Panchayat Samitis and 931 No. Gram Panchayats in Rajasthan at newly constructed Bharat Nirman Rajeev Gandhi Seva Kendra. REIL is executing this project under MOU signed between Govt. of Rajasthan pertaining to Jawahar Lal Nehru Solar Mission of Govt. of India.  These Centers will be used as a single window for providing the information on MNREGA and provide feedback on the implementation of the programme. During the year 2010-11 the company has installed more than 7800 Automatic Milk Analyzer Solution in Villages and Dairy Plants and marked record presence. On this occasion Chairman of the company M.M. Bhardwaj congratulated Managing Director & his team.

 

On this occasion, A. K. Jain, Managing Director, REIL stated that the company would keep on achieving higher growth rate & profitability with the continuous support of valued customers and harmonious industrial relations. Jain stated that for the year 2011-2012, the company is geared up to boost up its turnover by 40% more as compare to the last year. The Company is committed to contribute 3% of net profit in the field of Education, Health, Cooperatives under Corporate Social Responsibility in this year. Jain has given credit of achieving record turnover and all round growth to the motivated and dedicated team of REIL.

 

 

On future plans of the company Jain stated, that an Automatic 12 M.W. SPV Module Manufacturing Plant is under progress, by which total manufacturing capacity of SPV Module shall be increased to 14 M.W. It is worth mentioning that, in the field of Dairy Electronics company is manufacturing & supplying World Class equipments to analyse Quality of milk as per the needs of the dairy sector. In this process to maintain the safety standard of dairy products & other food products, an Online Multi Paramatric Analysis System Network shall be deployed, for standardization of Health & Hygiene.