Its total income in January-March 2021 rose to Rs 9,215.76 crore, compared with Rs 7,785.59 crore in the year-ago period.
For the full financial year 2020-21, the firm’s consolidated net profit stood at Rs 8,378.24 crore; compared with Rs 4,972.27 crore in 2019-20.
REC’s total income in the fiscal stood at Rs 35,575.40 crore, against Rs 29,981.20 crore in the previous financial year.
On the pandemic, it said there are no reasons to believe that the current crisis will have any significant impact on the company’s ability to maintain its operations including the going-concern assessment.
It also said that under the liquidity infusion package for power distribution companies (discoms), it sanctioned and disbursed Rs 67,083 crore and Rs 40,766 crore, respectively, as of May 15, 2021.
In May last year, the government had announced a liquidity infusion package of Rs 90,000 crore for discoms, which was increased to Rs 1,35,000 crore later. This is jointly and equally provided by and
