Release id: 12/ 2017

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 08 November, 2017

 REIL (A Miniratna PSU) pays an all time high dividend of Rs. 2.50 Crore

 

Shri A.K. Jain, MD Rajasthan Electronics & Instruments Limited, Jaipur handed over the Dividend payment of Rs.2.50 Crore to Shri Anant G. Geete, Hon’ble Minister of Heavy Industries & Public Enterprises, in the gracious presence of Dr. Asha Ram Sihag, Secretary Heavy Industry, Shri Bhaskar Jyoti Mahanta, Joint Secretary and other officials. This is first time REIL has paid dividend directly to Government of India which is highest ever @ 48.16% on its equity share capital for the year 2016-17.

 

While acknowledging the work being done by REIL, significantly contributing to National missions,   Shri Anant G. Geete, Hon’ble Minister of Heavy Industries & Public Enterprises emphasized that REIL should closely work in synergy with “Make in India” mission of the Government and further align its activities with to make India a global manufacturing hub. He directed REIL to focus on diversification in food sector and business in overseas market as country offers unlimited growth potential for Public Sector Industry, to increase domestic value addition and leverage opportunities across the borders.

 

Shri A.K. Jain, Managing Director, REIL assured the Hon'ble Minister and Secretary for new diversification and said that REIL in line with commitment of “Make in India” has enhanced manufacturing base by installation of Automatic Stringer machine with a capacity of processing 700 cells per hour to make solar string(s), which facilitates in producing low wattage solar modules. 


Under Skilling India initiative, company is creating 50000 Sq ft state of art Green premises to be used as Skill Development Centre (SDC) in the field of Information Technology, Electronics & Renewable Energy, IT enabled services, Research & Development Center and Corporate Marketing. 
 

He thanked the Ministry of Heavy Industries and Public Enterprises, Government of India and Government of Rajasthan for their support and guidance.

 

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From Left to Right : (Shri Subhash Agrawal, AGM, REIL, Shri A. K. Jain, Managing Director, REIL, Shri Anant G. Geete, Hon’ble Union Minister of Heavy Industries and Public Enterprises, Dr. Asha Ram Sihag, Secretary Heavy Industry, Shri Bhaskar Jyoti Mahanta, Joint Secretary, DHI, Smt. Praveen Gupta, Dy. Secretary, DHI).