TCIL reports Rs52.77 cr after-tax profit, pays Rs21-cr dividend to Telecom Dept
03 January 2022
Telecommunications Consultants India Ltd (TCIL), a Mini Ratna Category – I company under the Department of Telecommunications has reported profit after tax of Rs52.77 crore on a standalone revenue of Rs1749.29 crore in 2020-21.
The company also paid a dividend of Rs21.11 crore to the Telecom Department. Sanjeev Kumar, chairman and managing director presented the dividend cheque to K Rajaraman, chairman DCC and secretary, Department of Telecommunications.
Since its inception in August 1978, TCIL has been a profit making company throughout. TCIL has paid dividend of Rs267.86 crore to the government till 2020-21 on its initial investment in equity of Rs30 lakh. The government has since infused Rs16 crore into TCIL during 2015-16.
The TCIL group had a combined networth of Rs959.51 crore and standalone networth of Rs611.1 crore, respectively as of 31 March 2021.
In 2020-21, TCIL achieved standalone revenue and profit after tax of Rs1749.29 crore and Rs52.77 crore, respectively.
Government of India holds 100 per cent of its share capital. TCIL is a prime engineering and consultancy company, which undertakes projects in all field of telecommunications, IT and civil construction in India and abroad. TCIL has executed projects in over 70 countries across the globe.
Overseas operations of the company are mainly 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.
TCIL is also executing high value Government of India prestigious projects such as Rural ICT for Department of Posts, defence, Navy OFC projects, APSFL, Telengana Fiber, BBNL VSAT and Eklavya School.