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 2011-12, in its 30th Annual General Meeting held on 21st September, 2012.
On this occasion MD REIL, Shri A.K. Jain presented statistics for the year 2011-12, which emphasized the record turnover of Rs. 234.11 Crore and a Net Profit Rs. 18.62 Crore. These figures depict a record growth of 75.31% as against a growth of 34.71% in the year 2010-11. Company is achieving higher growth rate & profitability with innovative solutions, harmonious industrial relations and the continuous support of valued customers.
The company has consolidated its verticals under Electronics and Renewable Energy Group. In Electronics group company has achieved turnover of Rs.83 crore and in Renewable Energy group company has achieved turnover of Rs.151 crore. A number of prestigious awards and recognitions were bestowed on the company during the year.
In the end Shri Rajendra Bhanawat, Chairman, REIL stated that with the continuing support from our customers and suppliers, 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.