Release id: 23/ 2019

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 30 September, 2019

REIL DECLARED DIVIDEND OF RS. 2.95 CRORE FOR THE FINANCIAL YEAR 2018-19

 

Rajasthan Electronics & Instruments Limited a “MINI RATNA” Central Public Sector Enterprise under the Ministry of Heavy Industries & Public Enterprises, Government of India, declared 20% Dividend on its equity to its Share Holders for the year 2018-19, in its 37th Annual General Meeting.

 

On this occasion MD REIL, Dr. A.K. Jain presented statistics for the year 2018-19 which emphasized that the Company has achieved an all time high top line of Rs. 271.29 crore with bottom line of Rs. 10.28 crore during the financial year i.e. an increase of 10.82% in total turnover and 155.72% in PAT as against corresponding previous year.

 

Shri Ashutosh A.T. Pednekar, Chairman, REIL stated that Company is maintaining profitability with innovative solutions, harmonious industrial relations and the continuous support of valued customers. Company will scale greater heights in the days to come. He expressed his sincere appreciation and thanks to the Employees, Business Associates, Valued Customers and Share Holders of the Company.

 On this occasion, Dr. A.K. Jain stated that REIL is bringing clean and green technology to the rural mass through innovation, absorption of new technology, adopting good corporate governance practices and has aligned its activities in lines with mission of Government of India such as Make in India, National Solar Mission, National Dairy Plan, FAME India, Skilling India, Digital India and Swachh Bharat Mission etc. He also stated that, the Company is contributing the Doubling the Farmers Income Mission of the Country by integrating solar roof top, dairy business and Electric Mobility.

 

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