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The Telecommunications Consultants of India Limited (TCIL) has paid Rs. 21.60 crore as dividend to the Government. The dividend cheque was handed over to the Minister of Communications & Information Technology, Shri Dayanidhi Maran by Shri G.D. Gaiha, CMD TCIL, here today. Minister of State for Communications & Information Technology, Dr. Shakeel Ahmad, Shri Nripendra Misra, Secretary (Telecom) and other senior officers of the Department were also present on the occasion. The dividend amount represents 75% of the Government’s share.
During the year 2003-04, the turnover of TCIL was increased to Rs. 544 crore from Rs. 483 crore in the previous year. The profit after-tax has gone to Rs. 47 crore. TCIL’s project exports touched the ever highest figure of US$ 88 million (Rs. 388 crore) during this period. The foreign exchange repatriation was Rs. 69 crore. The shift in business segmentation from wireline business to wireless, hi-tech and IT enabled business are some of the factors attributed to these landmark achievements.
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