Rural Electrification Corporation (REC) has reported results for first quarter ended June 30, 2015.
The company has reported 15.26% rise in its net profit at Rs 1478.58 crore for the quarter ended June 30, 2015 as compared to Rs 1282.79 crore for the same quarter in the previous year. The company’s total income has increased by 21.31% to Rs 5709.63 crore for the quarter under review from Rs 4706.70 crore for the corresponding quarter of the previous year.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
