Press Information Bureau

Government of India

Ministry of Heavy Industries & Public Enterprises

31-October-2012 17:57 IST

A dividend cheque of Rs. 1.07 Crore from Rajasthan Electronics & Instruments Ltd. (REIL) was handed over to the Minister for Heavy Industries & Public Enterprises, Shri Praful Patel, here today. The cheque was handed over by Shri A.K. Jain, MD, REIL in the presence of Secretary, Shri S. Sundareshan, and other senior officials of the Ministry of Heavy Industries & Public Enterprises.

Speaking on the occasion, the Minister emphasized that PSUs in the Ministry should work in synergy and try to get maximum stake in the industry. He further said that BHEL and REIL should collectively play their role in Solar Photovoltaic (SPV) business.

Managing Director, REIL said that REIL has emerged as the largest off-grid SPV solution provider in the country, while retaining its primacy in Dairy Sector.

MC/sk

Dividend payment signals emphasis on PSU collaboration and coordinated role in expanding solar photovoltaic services. Dividend payment from Rajasthan Electronics & Instruments Ltd. to the Ministry evidences a corporate distribution to the government shareholder and signals ministerial direction for PSUs to pursue synergistic engagement, with specific emphasis on cooperative efforts between BHEL and REIL in the Solar Photovoltaic sector; REIL is presented as a leading off grid SPV provider while retaining its role in the dairy sector.