Shri A.K. Jain, MD Rajasthan Electronics & Instruments Limited, Jaipur handed over the Dividend payment of Rs.2.40 Crore to Shri Rajpal Singh Shekhawat, Hon’ble Minister of Industries, Government of Rajasthan in the gracious presence of Shri Rajeev Swarup, ACS Industries, Chairman and Managing Director, RIICO Limited. REIL has paid highest ever dividend @ 48.16% on its equity share capital for the year 2016-17.
Shri Rajeev Swarup, Chairman and Managing Director, RIICO apprised Hon’ble Minister that recently REIL has received award from Hon'ble President of India for Energy Conservation and its valuable contributions in the area of Renewable Energy and Dairy Sector.
While acknowledging the work being done by REIL, significantly contributing to National Missions, Shri Rajpal Singh Shekhawat, Hon’ble Minister, Government of Rajasthan said that REIL has worked in coordination with “Make in India” mission of the Government and upheld name of the state and the country across the globe in the area of Dairy and Renewable Energy. Hon’ble Minister also wishes good luck to the Company and hoped for further growth of the Company in coming years.
Shri A.K. Jain, Managing Director, REIL assured the Hon'ble Minister 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.