REIL gets Rs 300 cr order from Rajasthan govt | india | Hindustan Times
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REIL gets Rs 300 cr order from Rajasthan govt

india Updated: Jun 29, 2010 16:42 IST

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Rajasthan Electronics & Instruments Limited (REIL), a joint initiative of the Central and Rajasthan government, today said it has received a Rs 300 crore order from the state to set up solar power packs.

"REIL would set up solar power packs at 249 panchayat samitis and 9,169 panchayats in Rajasthan," an official statement today said.

A solar pack consists of solar-powered rechargeable batteries.

Out of this Rs 300 crore, Ministry of New and Renewable Energy has already sanctioned a financial assistance of Rs 92 crore to the Miniratna company.

The PSU has also signed a Memorandum of Understanding with Rajasthan government for implementing this (solar power pack) project and subsequent five year maintenance, the
statement said.

REIL is involved in the manufacturing of agro-dairy electronic items, solar photo voltaic modules, IT solutions and power generation through wind energy.

The company's income was Rs 87.91 crore in 2008-09 while it was Rs 81.05 crore in 2007-08.