REC pays dividend to the government for 2017-18

The Rural Electrification Corporation (REC) has paid a dividend of Rs 10,530 million to the Government of India as its share of holding in the company. REC paid a total dividend of Rs 18,070.5 million (91.5 per cent on the paid-up share capital) for 2017-18, which includes an interim dividend of Rs 14,614.4 million and a final dividend of Rs 3,456.1 million. During 2017-18, REC sanctioned a financial assistance of Rs 1,075,340 million and disbursed Rs 617,120 million to various power sector borrowers.

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