|Release id: 09/ 2013||
|18th September 2013|
REIL POSTED NET PROFIT OF RS. 26 CRORE IN THE FINANCIAL YEAR 2012-13
Rajasthan Electronics & Instruments Limited a “MINI RATNA” Public Sector Enterprise under the Ministry of Heavy Industry & Public Enterprise, Government of India, declared 20% dividend to its Share Holders for the year 2012-13, in its 31st Annual General Meeting held on 18th September, 2013.
On this occasion MD REIL, Shri A.K. Jain presented statistics for the year 2012-13, which emphasized the record turnover of Rs. 241.84 Crore and a Net Profit Rs. 26.37 Crore which depicts a growth rate of 41.62% as compared to last year.
Shri Naveen Mahajan, Chairman, REIL stated that Company is achieving higher growth rate & 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 Associate, Valued Customers and Share Holders.
On this occasion Shri Jain also stated that in the year 2012-13 company installed 12 MW Automatic Solar Module line and installed solar power packs at 9400 Panchayat Samiti and Gram Panchayat in the state of Rajasthan under ambitious project, Bharat Nirman Rajiv Gandhi Seva Kendra Scheme of Government of India and State Government and executing successfully. In the dairy sector the company has developed a new product e-MAT (Electronics Milk Tester) in the series of its product range. This product is very useful to detect the harmful adulteration like salt, urea, detergent etc. in the milk and it holds good with the universal standard.