REC pays Rs 1,143 crore interim dividend to power ministry for FY19
22nd Mar 2019

REC has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the power ministry. The Board of REC had declared interim dividend at the rate of Rs 11 per equity share representing 110 percent of total paid up share capital of the company for 2018-19. 

During the nine months ended December 31, 2018, the company sanctioned new projects of Rs 96,357 crore and disbursed Rs 52,269 crore to various power sector borrowers.

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.