|Release id: 04/ 2012|
|26 May 2012|
REIL gets “BEST PSU of 2012” Award
Former Union Minister, presented “Best PSU of 2012” Award, for Outstanding Performance in Mini Ratna category, to A.K. Jain, Managing Director REIL, in a ceremony held at Hotel Taj, New Delhi.
REIL is a Mini Ratna Public Sector Enterprise under the Ministry of Heavy Industry & Public Enterprise, Government of India, with a track record of professional management and profitable operations over the past three decades. The Company is engaged in taking Electronics, Information Technology & Renewable Energy to the villages of our country.
REIL, through its range of Electronic Milk Testing equipment, is impacting the life of over 100 Lac rural households in about 1 Lac villages. It has deployed Renewable Energy solutions in over 50,000 villages, - lighting up about 1.5 Lac households; powering water pumps, community television, rural communication systems; etc.
On this occasion, Jain stated that we receive this award in salutation to all our rural users, who are behind our existence and growth. We are extremely happy to receive this Award. The selection of REIL for this prestigious award puts it in the league of top-performing PSUs, in their respective fields, and fills us with a sense of pride on this achievement.
Jain also stated that, REIL has achieved a growth of 73% in the financial year 2011-2012, as compared to previous year. It has executed an order for supply and installation of Solar Power pack, under the ambitious project of Jawahar Lal Nehru National Solar Mission of Government of India, and complete the project in the current year. The Company has recently commissioned a 5 MW Solar Power plant at Phalodi, District Jodhpur, Rajasthan successfully. To meet the objectives of National Dairy Plan, the Company is working for productivity enhancement and standardization of milk procurement system.
A.K. Jain, Managing Director, REIL, thanked the organizers, the Members of the Jury, “BT-Star PSU Excellence Awards 2012”, and the Ministry of Heavy Industry, Govt. of India.
He congratulated the employees of REIL for this award, and assured that the Company would continue to deliver Electronics, Information Technology & Renewable Energy based products and services for Social and Economic Development of rural masses.
On this occasion, TKA Nair, Advisor to the Hon’ble Prime Minister, Nishikant Sinha, Former Chairman, PESB and O P Rawat, Secretary, DPE, Government of India were also present.