Total income rose to Rs 13,092.44 crore from Rs 11,108.16 crore in the same period a year ago. Expenses stood at Rs 8,743.22 crore against Rs 7,386.99 crore a year ago.
The board of directors also approved an interim dividend of Rs 3.50 per equity share of Rs 10 each for the financial year 2024-25.
“The Board has also taken note of striking off the name of Khavda II-D Transmission a wholly-owned subsidiary company of REC Power Development & Consultancy Limited (“RECPDCL”), a wholly-owned subsidiary of REC, from the Registrar of the Companies,” the filing said.
The Company stands dissolved and ceased to be the subsidiary of RECPDCL & REC in terms of provisions of the Companies Act. 2013, it said. REC, under the Ministry of Power, provides long-term loans and financing to state, Centre and private companies for the creation of infrastructure assets in the country.
