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The Hindu
The Hindu
National
The Hindu Bureau

KREDL reports record profits, declares its highest dividend ever worth ₹20.96 crore

Energy Renewable Energy Karnataka

The Karnataka Renewable Energy Development Limited (KREDL) has declared its highest-ever dividend, amounting to ₹20.96 crore for the Financial Year 2021 – 22. On Friday, Managing Director KREDL. K. P. Rudrappaiah delivered the dividend cheque to Chief Minister Siddaramaiah and Energy Minister K.J. George.

KREDL, which is the nodal agency of the State government to identify, promote and develop renewable energy projects in Karnataka, also works to promote renewable energy in coordination with state and national-level agencies.

While the company had reported a turnover of ₹88.49 crore with a net profit of ₹39.12 crore, it had declared a dividend amounting to ₹1 crore for 2020–21. In the following year, the turnover rose to ₹149.04 crore with a net profit of ₹69.69 crore, and the dividend value touched ₹20.96 crore.

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