On April 30th, RECL announced that it had registered a whopping 33 per cent surge in its consolidated net profit to Rs 4,079.09 crore during the March quarter on account of higher income. In the year-ago period, the Maharatna PSU’s gross income rose from Rs 10,254.63 crore to Rs 12,706.66 crore during the fourth quarter. In their official release, the RECL mentioned that it had registered a net profit of Rs 3,065.37 crore during the January-March quarter preceding FY 2022-23.

The Rural Electrification Corporation Limited (RECL) is a non-banking finance company focusing on power sector financing and development across India, operating under the Ministry of Power.