Volume 13 Issue 2 JUL - SEP 2017 INNOVATIONS @...

REIL “Shaping Rural India through Electronics, Renewable Energy & IT Solutions”

INNOVATIONS @ REIL

Volume 13 Issue 2 JUL - SEP 2017

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Editor's Desk

The Company has successfully closed the second quarter of the financial year 2017-18.

With a vision to leave its footprints at grass root level, REIL did innovative work and continued to take initiatives towards farmer's welfare.

In sync with our strategy and complementing the focus of the Government to create digital economy, Corruption free India, Green India, etc., we have taken steps that are changing lives of people in all nooks and corners of the nation and benefitting the customers and government as well.

We value continued patronage of all stakeholders and hope to scale new heights in FY 2017-18.

Gist of the Quarterly

Activities :

· Innovations at REIL

· Business Highlights

· VIP Gallery

· Recognition & Awards

· REIL in News

· Health Initiatives

· Participations

· Staff activities -

Trainings, Promotions,

Superannuation,

Independence day

celebration,

Hindi Pakhwara etc.

Doubling the Farmer's Income :

Integrated Solar Water Pump

Farmers Cooperative

Climate Change Initiatives :

Electric Charging Stations under

FAME INDIA SCHEME

Farmers at Mujkuva village Vehicle Charging station at Jaipur

In continuation to its efforts towards

Integrated Solar Water Pump

Farmers Cooperative at various

villages under NDDB, the Company has signed Triparty agreement with NDDB and IWMI for executing India's first pilot project for Mujhkuva Saur Urja Utpadak Sahkari Mandali, aiming to have Solar water pumping as an effective tool to improve irrigation with better earning of the farmers through sale of power to utility Company. Therefore, Dairy Cooperatives will have another integration that may well grow into a genre of its own i.e. Integrated Solar Water Pump Cooperatives. In this

sense, this hybrid idea can play a

big role in fulfilling the Prime

Minister's dream of doubling

farm incomes.

Initially, a 10HP SPV Water Pumping System has been deployed, out of total planned 200kWp capacity for 14 farmers of MSPICE (Mujkuva Solar Pump Irrigators Cooperative Enterprise).

As a part of National Electrical

Mobility Mission 2020, Department of

Heavy Industry (DHI), Govt. of India,

has formulated a scheme Faster

Adoption and Manufacturing of

(Hybrid &) Electrical vehicles in India

(FAME). The Department of Heavy

Industry entrusted the responsibility

of developing & setting up Solar

Hybrid Electric Vehicle charging

infrastructures at three locations in

walled city of Jaipur to REIL.

Under the Scheme, REIL developed

and set up 3 nos. of Solar Grid Hybrid

Electric Vehicle Charging systems and

installed them at locations identified

by Jaipur Nagar Nigam for wider

visibility and usefulness.

These systems can be used for charging

of Electric Cars, Two Wheelers and

Three Wheelers effectively. The

charging systems have a billing

mechanism for the power used and a

print out of the charge slip can be

obtained and given to the vehicle

owner.


Business Highlights

Dairy Electronics

Renewable Energy

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Major orders for DPMCU, EMAT + and AMCU have been received, from milk cooperative unions of Gujarat, Rajasthan, Bhopal, Bihar and Jalandhar during the quarter.

The Company has achieved another milestone through consistent and sustained efforts for Error-free dairying and received order for upgradation of all existing systems approx 2700 nos. AMCUs/DPMCUs in milk union of Punjab. This will help in making milk procurement activities more transparent and productive besides real time monitoring of procurement activities and will ensure fair payment to farmers. This is definitely a big step to push Digital India Mission in Dairy sector by REIL.

Under the initiative of Gujarat state government to further strengthen the dairy sector, REIL's Electronic Milk Adulteration Tester (EMAT) will be deployed for quality improvement at Grass root level in 108 villages, benefitting over 40,000 people and this will also boost consumer confidence to get safe milk.

The Company continued to deploy

systems against its ongoing

projects such as SPV Water

Pumping Systems for drinking

water needs, 1 kWp SPV Power

packs in Bihar to cater energy

needs of domestic sector, and

received orders under Rooftop

Solar scheme with net metering, to

fulfill the power requirements

of buildings of educational

institutions etc.

Under PSU synergy and to

address community lighting,

about 450 LED Street Lighting

systems have been deployed in far

flung areas of Uttar Pradesh, Bihar,

Haryana and Rajasthan, thus

ensuring safety and security in

these areas, extended night life,

children education and kutir

udhyog, contributing to the socio-

economic growth of rural masses.

ANNUAL GENERAL MEETING REIL posted profit of Rs. 17.37 Cr for the FY 2016-17

REIL, declared 48% Dividend to its

Share Holders for the year 2016-17, thin its 35 Annual General Meeting

thheld on 27 September, 2017. The

dividend declared is highest ever

dividend to shareholders.

It was informed to the

Shareholders that the net worth of

the Company has increased by

7% from Rs. 103.83 Crore to

Rs. 110.72 Crore and the Company

has earned a Profit Before Tax of

Rs. 17.37 Crore on a turnover of

Rs. 233.03 Crore.

Indian Accounting Standard

The Company successfully adopted

financial statements in accordance

with Indian Accounting Standards

(Ind AS) from the financial year

2016-17 with the transition date of

April 1, 2015 as notified under

section 133 of the Companies Act,

2013 read with Companies

(Account) Rules, 2014. This is also

in line with Global accounting

framework and will help

improve transparency in

financial reporting and increase

acceptability among stakeholders.

VIP Gallery

Mr. Ved Prakash, CMD, MMTC

visited REIL, Jaipur premises on

05.08.2017.

He appreciated the innovations/

projects done by REIL to serve

rural population countrywide and

for promoting the most reliable

source of energy - Renewable energy.

Mr. Ved Prakash, CMD MMTC

during his visit at REIL works.

The Company has also been

awarded PSE Excellence Award

2016 in R&D, Technology

Development and Innovation

by Indian Chamber of Commerce

(ICC) during the quarter.

Recognition & Awards

(L to R), Mr. Vijay Pal Singh, Shareholder, Mr. Nirmal Kumar Jain, Independent Director, Ms. Ritu Pande, Director, Mr. M. L. Bhargava, Independent Director, Ms. Mugdha Sinha, Chairman, Mr. A. K. Jain, Managing Director and Mr. Subhash Agrawal, CFO REIL.

th 35 ANNUAL GENERAL MEETING


REIL in NEWS

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PUC Centers :

Go Online

Solar Photovoltaic (SPV)

water Pumping solutions for

drinking water

Health Initiatives

Regular Yoga sessions for

Employees @ REIL

PARTICIPATIONS

MD REIL as a Guest of Honor addressed the inaugural session in Management Development Program organized by SCOPE APSE at Jaipur during 31.07.2017 to 04.08.2017. He highlighted the issues of Ethics and Governance and mentioned that these two aspects of Management are complimentary and supplementary for management in the highly competitive global environment. Middle level employees from REIL also participated in the 5 day program.

MANAGEMENT DEVELOPMENT PROGRAM

ONE DAY CONFERENCE ON GRID CONNECTED ROOFSMr. A.K. Jain, Managing Director, REIL Jaipur addressed the gathering in inaugural session on “Way Forward to achieve Grid Connected Solar Roof Top target of 40GW under NSM by 2022” during One day conference on Grid connected Solar Roof organized by SECIL with association of NSEFI at New Delhi on 26.07.2017. He emphasized that improving economics of rooftop solar, government tenders and improving net-metering implementation across key states would be the biggest drivers for the segment.


Mr. A. K. Jain delivered the key note address on “Renewable Energy thCommitments in COP21: National & International Perspective” in 8 WRETC

organized by “Energy and Environment Foundation” at New Delhi on 21.08.2017. He Shared views on new green technologies to ensure clean, reliable and affordable renewable energy supplies which are the need of hour to fight against critical issue of climate change. Also discussed that how REIL is stepping ahead by contributing, updating technology and working in line with government missions in the field of Renewable Energy Development.

th8 WORLD RENEWABLE ENERGY TECHNOLOGY CONGRESS

th11 RENEWABLE ENERGY INDIA EXPOMr. A. K. Jain, MD REIL Shared views on “Roadmap to Low Carbon Electricity” at CEO Roundtable forum highlighting his experience in the field of Renewable

thEnergy, in 11 Renewable Energy India Expo at Greater Noida from 20.09.2017 to 22.09.2017.As a key speaker, he also addressed the distinguished gathering in “Advantage Rajasthan” a session by the state of Rajasthan to attract potential investors, manufacturers and developers.

Company participated in “Smart City Summit Kota” organized by Kota Municipal Corporation and Kota Smart City Limited along with Elets Technomedia Pvt. Ltd on 08.09.2017, which was focused on Rajasthan Government's endeavour to transform Kota into a Smart City. General Manager(RE) made a presentation describing role of REIL for smart city ecosystem and initiatives taken in development of Kota and other smart cities.

SMART CITY SUMMIT KOTA

MD REIL participated in 5th Advance Global Leadership program organized by SCOPE and IIM Kolkata, wherein program was held at IIM Kolkata and SCOPE, in India and 2 weeks in Europe & United States of America from 30.08.2017 to 11.09.2017. During this visit, fruitful deliberations have been carried out while having learning from eminent faculties/speakers at IIM Kolkata, SCOPE, University of Maryland, and visits to ILO (International Labour Organization), WTO (World Trade Organization), VDMA, German Engineering Federation, Lupin laboratories, KSB Pumps and Indian Embassy at respective places in Germany, Switzerland, Washington DC and New York.

TH5 ADVANCE GLOBAL LEADERSHIP PROGRAM

ENERGY STORAGE ROUNDTABLE: An initiative by IESAMD REIL shared REIL's success in driving solar module manufacturing and project development as a PSU, plans for EV charging infrastructure development, opportunities of storage in country and expectations from the industry and other stakeholders to achieve Govt.'s policy objectives, in Energy Storage Roundtable Policy Forum organized by International Energy Solar Alliance (IESA) at New Delhi on 23.09.2017

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Glimpse ofRE Expo

REIL Team at expoDr. Bharat Bhargava, DG, ONGCMr. B. K. Doshi, MD, RREC


STAFF ACTIVITIES

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Quarterly Pragati Insights, Published by

Rajasthan Electronics & Instruments LimitedB-21, Kala Colony, J.L.N. Marg, Malviya Nagar, Jaipur - 302017, Rajasthan (INDIA)Tel : 91-141-2724968, Fax : 91-141-2724960, E-mail : [email protected] for Rajasthan Electronics & Instruments Limited by M/s. Laxmi Printers, Jaipur # 9829125258


Editorial : Chief Editor Editor Email : - Mr. R. K. Gupta, - Ms. Loveena Babbar [email protected]

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