REIL declares dividend of Rs 2.95 crore at 37th AGM

REIL has declared 20 percent dividend on its equity to its shareholders for FY 2018-19 at its 37th annual general meeting

Jaipur: Rajasthan Electronics & Instruments Limited (REIL) a Miniratna PSU under the Ministry of Heavy Industries & Public Enterprises (HI&PE), has declared 20 percent dividend on its equity to its shareholders for FY 2018-19 in its 37th annual general meeting (AGM).

REIL financial statistics

On this occasion, REIL's Managing Director Dr AK Jain presented the statistics for FY 2018-19. Jain said that the company has achieved an all-time high top line of Rs 271.29 crore with the bottom line of Rs 10.28 crore during the financial year 2018-19, an increase of 10.82 percent in total turnover and 155.72 percent in profit after tax (PAT) as against financial year 2017-18.

'REIL bringing clean and green technology to rural areas'

He further said that REIL is bringing clean and green technology to the rural mass through innovation, absorption of new technology and adopting good corporate governance practices. It has aligned its activities in line with the mission of the government such as Make in India, National Solar Mission, National Dairy Plan, FAME India, Skilling India, Digital India and Swachh Bharat Mission, etc. He also stated that the company is contributing to doubling farmers' income by integrating solar rooftop, dairy business and electric mobility.

'REIL maintaining profitability through innovation'

REIL's Chairman Ashutosh AT Pednekar said that the 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 said. He expressed his appreciation and gratitude to the employees, business associates, valued customers and shareholders of the company.