Rural Electrification Corporation has reported results for third quarter ended December 31, 2012.
The company has registered a rise of 33.41% in its net profit at Rs 1026.65 crore in Q3FY13 as compared to Rs 769.51 crore in the corresponding quarter previous year. The total income of the company has increased by 31.60% to Rs 3552.23 crore for the quarter under review as compared to Rs 2699.12 crore in the same quarter last 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.
