TCIL pays Rs 4.32 cr dividend to government for FY'11
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TCIL pays Rs 4.32 cr dividend to government for FY'11

Last Updated: Monday, December 05, 2011, 16:11
 
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TCIL pays Rs 4.32 cr dividend to government for FY'11
New Delhi: State-owned Telecommunications Consultants India Ltd (TCIL) on Monday presented a dividend cheque of Rs 4.32 crore to Minister of Communications and IT Kapil Sibal for the 2010-11 financial year.
     
TCIL has cumulatively paid a dividend of Rs 175.64 crore to the government since its inception in 1978, TCIL CMD V K Sharma told PTI.
     
The government's total investment in TCIL till date stands at Rs 30 lakh, he added.
     
The consolidated net worth of the company is Rs 1,080 crore, Sharma said.
     
TCIL is a Mini Ratna category company under the Ministry of Communications & IT. The government of India holds 100 percent of the company's share capital.
     
TCIL operates in over 55 countries. The company has set up a pan-African e-network for tele medicine and tele education, which has been commissioned in 47 African countries.
     
The company currently has operations in the UAE, Kuwait, Saudi Arabia, Oman, Mauritius, Algeria, Myanmar, Nepal, Qatar, Ethiopia, Sierra Leone and Sudan.
     
During the 2010-2011 financial year, the consolidated turnover of the company increased by 13.7 per cent to Rs 1,833 crore. Its profit after tax stood at Rs 163.5 crore for the year.

PTI



First Published: Monday, December 05, 2011, 16:11


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