Rural Electrification - Updates
Rural Electrification Corporation Ltd has informed BSE about the provisional financial highlights for the year 2007-08:
“ROBUST FINANCIALS:
The provisional and un-audited loan sanctions of Rs 607640 million during 2007-08 as against Rs 329250 millions registering an Increase of 84.55%.
The provisional and un-audited loan disbursement of Rs 163030 million during 2007-08 as against Rs 137320 millions registering an increase of 18.72%.
The provisional and un-audited profit before tax is Rs 13000 million during 2007-08 as against Rs 10060 millions registering an Increase of 29.22%.
OTHER HIGHLIGHTS
A leading power sector public financial institution.
Consistently rated ‘Excellent’ by Govt. of India for MoU performance for Fiscal 1994 to Fiscal 2007.
Rated among top 10 PSU in the country.
‘AAA’ rating by CRISIL, ICRA and FITCH for Domestic long term borrowing. International long term borrowing rating by Fitch & Moody is per with Sovereign ratings for India.
Nodal Agency for ‘Rajiv Gandhi Grameen Vidyutikaran Yojna’ aimed at electrification of villages of India.
Accorded ‘Mini Ratna Grade-1′ Status by Govt. of India for operational efficiency.”
Tags: Rural Electrification