TCIL Pays Dividend for the Year 2016-17

Shri A. Seshagiri Rao, Chairman & Managing Director, Telecommunications Consultants India Ltd. (TCIL) presented a dividend cheque of Rs. 70.82 Million to Hon’ble Shri Manoj Sinha, Minister of State for Communications (I/c) in presence of Secretary, Telecom.

TCIL has paid dividend of Rs. 1929.87 Million to Govt. till 2016-17 on Government’s initial investment in equity of Rs. 3 Million. Rs.160 Million was further infused during 2015-16. The group and standalone networth of the company are Rs. 23977 Million and Rs.5889 Million respectively as on 31st March, 2017.

In 2016-17, TCIL achieved standalone revenue and profit after tax of Rs.12051.10 Million and Rs.708.22 Million respectively.

TCIL established in August, 1978, is a Mini Ratna Category – I Status Company under the Ministry of Communications, Department of Telecommunications. Government of India holds 100% of its share capital. TCIL is a prime engineering and consultancy company. TCIL undertakes projects in all field of Telecommunications, IT and Civil construction in India and abroad. TCIL has executed projects in over 70 countries across globe.

TCIL successfully executed Govt. of India PAN AFRICA e-NETWORK PROJECT for healthcare and educational services in 48 African Union countries, in collaboration with Indian Universities and Super Speciality Hospitals. It is a single largest project of its kind which has brought the African countries under one umbrella for collaboration and development with India.
Overseas operations of the Company are in Kuwait, Kingdom of Saudi Arabia, Oman, UAE, Mauritius, Mynamar, Nepal etc. in addition to Pan Africa e-Network project operating in 48 African countries.

The Company is also doing high value Govt. of India prestigious projects of Rural ICT for Department of Posts, Defence and Navy OFC Projects.

Author: sarkarimirror