Release id: 14/ 2016

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15 November, 2016

 

Rajasthan Electronics & Instruments Ltd. (REIL) pays a dividend of Rs. 2.06 Crore

 

 

Shri A.K. Jain, MD REIL handed over the Dividend payment of Rs. 2.06 Crore to Shri Umesh Kumar, Chairman and Managing Director, RIICO Limited. REIL has paid on all-time high dividend for the year 2015-16. On this occasion Shri Sanjay Solanki, Financial Advisor, RIICO was also present.

 

While acknowledging the work being done by REIL, significantly contributing to National missions, Shri Umesh Kumar, Chairman and Managing Director desired that Public Sector and Private Corporates should work in synergy for industrial development initiatives and align their activities to make the Country a global manufacturing hub. He advised REIL to focus on diversification as Country offers unlimited growth potential for Public Sector Industry, to increase domestic value addition and technological depth in manufacturing.

 

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.

 

 

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