TELK Declares Dividend- A Turnaround Story
17th Aug, 2011
Transformers & Electrical Kerala Limited (TELK) a JV of NTPC (44.6% )and Kerala Govt. (55.3%) has undergone a turnaround in last three years and paid a dividend of Rs. 1,53,30,750.40 for the year 2010-11 to NTPC today in New Delhi.
After a span of 30 years, TELK declared dividend for the last two Financial Years 2009-10 and 2010-11, respectively. TELK is now a zero debt company with a net worth of Rs. 107 Crore.
TELK was a BIFR referred Company since 1995. A Business Collaboration & Shareholders’ Agreement was signed on 23rd June 2007 amongst Government of Kerala, NTPC Limited and TELK for its revival.
Overall performance of the Company has improved over the last three years with a turnover exceeding Rs. 200 Crore at a capacity of about 5000 MVA. For the last two years, TELK achieved highest production and sales in MVA terms since the incorporation of the Company. For the current year, TELK has set an ambitious manufacturing target of 6000 MVA whereas the Installed Capacity is 4500 MVA.
The JV Company has been set for designing and manufacturing extra high voltage electrical equipments and manufacturing high capacity transformers
Shri Arun Kumar Gupta, Managing Director, Transformers & Electricals Kerala Limited presenting the dividend cheque to Shri Arup Roy Choudhury, CMD, NTPC and Shri A.K. Singhal director (Finance) in the presence of all Directors of NTPC.
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