Mumbai, Jan 13 (Inditop.com) State-run Rural Electrification Corp (REC) Wednesday reported a 48.7 percent rise in net profit to Rs.474 crore for the quarter ended Dec 31, compared to Rs.318.6 crore in the same period last fiscal.
The company’s total income grew 33.7 percent to Rs.1,706.1 crore in the quarter under review against Rs.1275.4 crore in the like period in 2008-09.
REC is among the four state-owned companies, in which the government plans to divest its stake.
REC’s public offer is expected to hit the market before the budget.
