REC’s disbursements for 9MFY18 at `39k cr

Rural Electrification Corporation (REC) Limited said its net worth has increased to Rs. 36,567 crore, registering a growth of 9% over the previous corresponding quarter. Disbursement of the company for the nine months ended 31st December 2017 increased to Rs. 39,427 crore. The loan book of the company increased by 11% to Rs. 2,24,014  crore and the outstanding borrowings stood at Rs. 1,82,342 crore as on 31st December 2017. Total income as on 31st December 2017 stands at Rs. 16,893 crore and Profit after Tax (PAT) stands at Rs. 3,812 crore. The interest coverage ratio has been 1.55 in the third-quarter ended 2018.