Companies

REC declares 35% interim dividend for 2010-11

Our Bureau New Delhi | Updated on February 25, 2011 Published on February 24, 2011


Rural Electrification Corporation Ltd (REC) has presented a cheque towards interim dividend for the year 2010-11, amounting to Rs 231 crore, to the Government on Thursday.

Dr J.M. Phatak, Chairman and Managing Director of the ‘Navratna' undertaking presented the cheque to Power Minister, Mr Sushilkumar Shinde, here.

For the year 2010-11, the state-owned firm paid interim dividend of Rs 346 crore at a rate of Rs 3.50/ share against an interim dividend of Rs 257.60 crore paid at Rs 3/ share in 2009-10.

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Published on February 24, 2011
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