REC has lowest stressed assets in industry

New Delhi April 11 (IANS) 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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