REC Q1 net profit grows 16.57 pc to Rs 3460.19 cr

REC saw a 16.57% rise in its consolidated net profit, reaching Rs 3,460.19 crore in the June quarter. The total income was Rs 13,092.44 crore, up from Rs 11,108.16 crore a year ago. The board approved an interim dividend of Rs 3.50 per share, and the REC subsidiary Khavda II-D Transmission has been dissolved.