Millennium Post

TELK overcomes odds, pays 8.5% dividend to NTPC

Despite adverse market conditions and an intense price war, Transformers and Electricals Kerala Limited [TELK], a collaboration between NTPC and the Kerala government, recorded its higher ever production of 5,806 MVA, achieving a capacity utilisation factor of 130 per cent as against the industry average of 75 per cent.

The sales turnover, net of excise duty, increased by 2.5 per cent to Rs 196.86 in 2011-12. The financial year 2011-12 witnessed extremely difficult and adverse market conditions with intense price war among domestic players due to overcapacity and entry of foreign players.

Profit after tax for the current year is placed at Rs 13.21 crore, registering a growth of 8.28 per cent compared to the previous year. Accordingly, the directors of the company recommended a dividend of 8.5 per cent for the year 2011-12.

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