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KREDL presents Rs 20.96cr dividend cheque to Karnataka CM

  •   Fri, Jul 14 2023 09:46:32 PM

Bengaluru, Jul 14 (IANS): Energy Minister K. J. George on Friday presented the dividend cheque of Rs 20.96 crore earned in the year 2021-22 to Chief Minister Siddaramaiah at Vidhana Soudha. 

Karnataka Renewable Energy Development Limited (KREDL) earned a net profit Rs 69.87 crore in the year 2021-22 with 30 per cent dividend -- Rs 20.96 crore.

The dividend cheque for the amount was received by Chief Minister Siddaramaiah.

In the 101st Board of Directors meeting that was held last September, KREDL presented the accounts for the year 2021-22.

This was approved in the 26th General Body Meeting of the shareholders held in December last year.

On the occasion, Gaurav Gupta, Additional Chief Secretary K.P. Rudrappaiah, Managing Director, KREDL, were present.

 
  

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Comment on this article

  • flavian, chik

    Fri, Jul 14 2023

    Congrats to the department on its good work. This department has a great potential to earn and save much more with private participation. Govt should plan 1000 to 2000 CRORES profits in the coming 5 years .

    DisAgree Agree [1] Reply Report Abuse


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Title: KREDL presents Rs 20.96cr dividend cheque to Karnataka CM



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