DelhiDesk: Rural Electrification Corporation Limited (REC) has reported a record profit of Rs 3001 crore in the fourth quarter of the last financial year, marking a 31% increase from the previous year. The company’s interest income on loans also rose by 7% to Rs 9903 crore during the quarter. The total income of the company has grown from Rs 9655.99 crore to Rs 10254.63 crore during the same period. REC is a major financier of power projects in India.
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👉 Rural Electrification Corporation Limited (REC) earned a record profit in Q4 of last financial year.
👉 The company’s profit increased by 31% to Rs 3001 crore during this period.
👉 Interest income on loans increased by 7% to Rs 9903 crore in the quarter.
👉 Total income of the company increased from Rs 9655.99 crore in March 2022 to Rs 10254.63 crore in March 2023.
👉 “–” should be replaced by “👉” in the beginning of every line.
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