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REC to be premier power sector financing and development enterprise by 2020

REC has reported a 28 per cent increase in its profit after tax

REC CMD PV Ramesh
REC CMD PV Ramesh

Rural Electrification Corporation (REC) has reported a 28 per cent increase in its profit after tax for the quarter ended December 31, 2016, at Rs 1,754 crore. In an interview with Sanjay Jog, REC Chairman and Managing Director P V Ramesh talks of the growth strategy and the company’s plan to ride the transformation wave in the power sector. Edited excerpts: What is REC’s growth strategy? We are working with state governments and utilities to see how we can support them consistently. REC has signed an agreement with the Andhra Pradesh government for a loan ...