New Delhi, Nov. 5 -- : The Board of Directors of REC Limited (formerly Rural Electrification Corporation Limited) approved the unaudited standalone and consolidated financial results for Q2 and H1 FY20 today.

During the current quarter ended 30th September 2019, the Company has registered a Net Profit of Rs. 1,307 crore, as against Rs. 1,765 crore during the quarter ended 30th September 2018. The interest income on loan assets has increased by 22% from Rs. 5,999 crore in Q2 FY19 to Rs. 7,347 crore in Q2 FY20. The loan book has continued to grow on sequential basis and has crossed Rs. 3 lakh crores during the current quarter. The loan book of the Company has increased to Rs. 3.01 lakh crores as at 30th September 2019, as against Rs. 2.57 ...