'REC has lowest stressed assets in industry'

State-owned Rural Electrification Corporation (REC) has the lowest stressed assets in the industry, the company's Director-Technical S.K. Gupta said on Tuesday.

"As far as REC is concerned, the stressed assets are lowest in the industry at 2 per cent. We manage stressed assets as per regulations," Gupta told BTVi here in an interview.

"Our approach towards non-performing assets (NPAs) is different. We are looking at resolving the NPAs," he said.

REC reported a 28.07 per cent increase in its net profit to Rs 1,754.40 crore in the third quarter ending on December 31, 2016.

The company's total income from operations decreased 6.17 per cent from Rs 6,017.95 crore for the quarter ended December 31, 2015 to Rs 5,646.35 crore for the quarter ended December 31, 2016.

Its total expenses also dropped 16.21 per cent from Rs 4,157.94 crore for the quarter ended December 31, 2015 to Rs 3,483.86 crore for the quarter ended December 31, 2016.

--IANS

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