Rural Electrification Corporation (REC) has announced its audited consolidated results for the year ended March 31,2009.

The company has posted 48 per cent increase in net profit compared to last financial year. 

The net profit of Rs 1,273.52 crore for the year ended March 31,2009 as compared to Rs 861.93 crore for the year ended March 31, 2008.

Click here for Cloud Computing

Also Read   Related Stories News Now - REC soars 7% on surge in net profit - Change in FDI policy a continuous process: Nath - 'This is the best time to launch new products' - Barter trade catches up in India - Indian job market showing signs of recovery: study - GM bankruptcy likely next week: Report

Also Read   Related Stories News Now - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot More

REC is a listed Government of India Public Sector Enterprise with a net worth of Rs 5,368 crore.

Its main aim is to finance and promote rural electrification projects all over the country.It provides financial assistance to state Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot

Tags : REC | Rural Electrification Corp | Financial results | Q4FY09 | Power industry   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...