Release id: 11/ 2016

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25 October, 2016


 REIL (A Miniratna PSU) pays an all time high dividend of Rs.2.15 Crore



Shri A.K. Jain, MD Rajasthan Electronics & Instruments Limited handed over the Dividend payment of Rs.2.15 Crore to CMD, Instrumentation Limited, Kota in the gracious presence of Hon’ble Minister of Heavy Industries & Public Enterprises, Shri Anant G. Geete and Shri Girish Shankar, Secretary, Department of Heavy Industry (DHI). REIL paid an ever highest dividend for the year 2015-2016.       Shri Anshu Prakash, Additional Secretary, Shri Vishvajit Sahay, Joint Secretary and Smt. Ritu Pande, Director, DHI were also present on the occasion.


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


Shri A.K. Jain, Managing Director, REIL, said that REIL is one of the largest off-grid SPV solution provider in the country and having very good reputation in the Dairy Sector for its milk testing equipments. Looking to the current market scenario for MW SPV Power Projects, the Company is changing its strategy and aiming to align with the prevailing business model in Solar PV sector. He mentioned that the Company is also focusing on diversification and deeper geographical reach through innovative solutions. He thanked the Ministry of Heavy Industries and Public Enterprises, Government of India and Government of Rajasthan for their support and guidance.