Release id: 10/ 2016

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19 September, 2016

 

REIL posted profit of Rs. 17.46 Crore in the Financial Year 2015-16

 

 

Rajasthan Electronics & Instruments Limited a “MINI RATNA” Public Sector Enterprise under the Ministry of Heavy Industry & Public Enterprise, Government of India, declared 41% dividend to its Share Holders for the year 2015-16, in its 34rd Annual General Meeting held on 19th September, 2016. The dividend declared is highest ever dividend to shareholders & is doubled as compared to previous year's dividend.   

 

On this occasion MD REIL, Shri A.K. Jain presented statistics for the year 2015-16, which emphasized that the net worth of the Company has increased by 7% from Rs. 94.44 Crore to Rs. 101.37 Crore and the Company has earned a profit before tax of Rs. 17.46 Crore on a turnover of Rs. 213.42 Crore.

 

Shri Vaibhav Galriya, Chairman, REIL stated that Company is maintaining profitability with innovative solutions, harmonious industrial relations and the continuous support of valued customers. Company will scale greater heights in the days to come. He expressed her sincere appreciation and thanks to the Employees, Business Associate, Valued Customers and Share Holders.

 

On this occasion, Shri Jain apprised that in line with commitment of “Make in India” Company has enhanced manufacturing base by setting up line for Electronic Milk Adulteration Tester. In Solar business the Company has entered various MoU’s for Solar PV Projects under National Solar Mission.

 

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