For FY 2022–2023, TCIL Gives Government a Dividend of Rs 14.20 Crore
- Indian Masterminds Bureau
- Published on 27 Dec 2023, 2:25 pm IST
- 2 minutes read
Highlights
Since its inception, the TCIL has been a consistently profit making company
For the fiscal year 2022–2023, Telecommunications Consultants India Ltd. (TCIL) gave the government a dividend of Rs. 14.20 crore. The Secretary of Telecom, Neeraj Mittal, received a dividend check to this effect from TCIL Chairman and Managing Director, Sanjeev Kumar.
Since its inception, the TCIL has been a consistently profit making Company. It has so far paid dividend of Rs 294.19 crore to the Government till FY 2022-23. The dividend is on Government’s initial investment in equity of Rs 0.3 Crore. Rs. 16 crore was further infused during 2015-16. The group and standalone net worth of the company are Rs 1,712.00 crore and Rs 618.56 crore respectively as on 31st March 2023.
In FY 2022-23, the TCIL achieved a revenue growth of 25 percent over previous year with total Standalone revenue and profit after tax of Rs 2,001.7 crore and Rs 35.50 crore respectively.Related Stories
Established in August, 1978, TCIL is a Mini Ratna Category – I Status Company under the Department of Telecommunications of the Ministry of Communications. The government of India holds 100 per cent of its share capital. It is a prime engineering and consultancy company which undertakes projects in all field of Telecommunications, IT and Civil construction in India and abroad. The TCIL has executed projects in over 70 countries across globe.
Overseas operations of the Company are in Kuwait, Kingdom of Saudi Arabia, Oman, Mauritius, Nepal, etc. in addition to Pan Africa e-Vidya Bharti & Arogya Bharti Network project operating in more than 15 African countries and more African Countries are likely to join.
The Company is also executing high value Government of India prestigious projects of Rural ICT for Department of Posts, NFS for Defence, Navy Network, Bharatnet Project for APSFL, Telangana Fiber, BBNL VSAT, Indian Coast Guard, MHA , CCTV Surveillance Projects for State Police, Smart Cities, Railways, e-education and e-Health Projects, etc.
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