Our Achievements
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REC PDCL is in the process of joining the main league and is becoming a major force in bringing about a transparent power distribution system for rural India .Over the years, REC has been regarded as a distinguished service provider in the power distribution sector. In its first financial year, the company managed to earn laurels for its parent company, REC earned the reputation as a promising unit in the power distribution sector:
- Considered as the Only Reputed Agency for Third Party Inspections.
- Trust & Confidence level of Discoms.
- Growth & Presence all over India in short span.
- Trust & Confidence level of Discoms.
- Growth & Presence all over India in short span.
REVIEW OF OPERATIONS
This is the second financial year of the company and the Directors have pleasure to state that the company continued to do profitable business in the financial year 2008-09 and earned total income of Rs. 52,704,793/- and net profit after tax of Rs. 14,214,497/-.In fact this is the first full year of operations and company succeeded in execution of existing projects, as well as getting new business of more than Rs 31 Crores.
During the year ended, third party inspections of about 7000 villages and 144 nos. of feeders were completed by the company.
During this period, the company secured orders for third party inspections for 34934 villages in 71 districts of 9 states, with a cumulative project cost of Rs,1868 crores, which will accrue approximately Rs.31 gross income to the company from 13 distribution companies including :-
- Utarakhand Power Corporation Ltd.
- Maharashtra State Electricity Distribution Company.
- West Bengal State Electricity Distribution Company.
- Dakshin Gujrat Vidyut Company Ltd.
- Paschim Gujrat Vidyut Company Ltd.
- Uttar Gujrat Vidyut Company Ltd.
- Ajmer Vidyut Vitaran Nigam Ltd
- Jodhpur Vidyut Vitaran Nigam Ltd.
- Jaipur Vidyut Vitaran Nigam Ltd.
- HP State Electricity Board.
- Uttar Haryana Bijli Vitaran Nigam Ltd.
- AP East Power Distribution Company Ltd.
- MeghalyaState Electricity Board.
- Four RE Cooperative Socities.
NEW INITIATIVES
For sustainable growth, company has taken up following initiatives:-
1. Quality Execution Of Work- For quality execution of work in a time bounded , the company has decided outsourcing of field/data collection work to some reputed agencies and to concentrate on analytical reporting to the client. Empanelment of agencies as associates for third party inspection work of distribution network (RGGVY/FRP) was completed for speedy execution of works. Further empanelment is planned for other works like energy audit, Detailed project report (DPR) preparation, Distribution Franchise, Decentralized distribution centre(DDG), Clean Development Mechanism (CDM), Distribution automation etc.
2. MOU with client- To tap bulk orders for clients, efforts are being made to enter into Memorandum of Understanding with Discoms for awarding/outsourcing all the works of the Discoms related to technical expertise of the company. In the line, MOU has been entered with Uttar Haryana Power Distribution Company. Other distribution companies are also in discussion for such understandings. This will bring large business to the company.
3. Diversification of business line- The company has entered MOU with M/S HCL Infosystems Ltd, Noida, UP and M/S Tata Consultancy Services Limited, New Delhi for taking of projects jointly/together in ‘IT in power sector’ area and revised Accelerated Power Development and Reform Programme, Part-A. Proposals have also been submitted on Automated Meter Reading (AMR), billing automation,energy usage analysis etc to the Discoms for considerations. This will be a new line of business for the company and will contribute to the growth.
QUALITY
The company has always given top priority for giving quality assurance to the client.There are multiple levels of checks for quality maintenance. The company has been quality third party inspection reports to the clients, on the basis of which repeat orders were obtained from clients like Ajmer Discom, Jodhpur Discom,MSEDCL, West Bengal State Electricity Board and Uttar Haryana Bijli Vitaran Nigam Limited.