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Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') Ministry of Steel to hold Open House on Steel Import Issues on Monday (See 'Corp Brief') RM & German counterpart hold bilateral talks in Berlin (See 'Corp Brief') India records Historic Growth in Wind Energy with 6.1 GW addition in 2025-26 (See 'Corp Brief') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk') Agricultural leadership of North India to converge in Lucknow tomorrow (See 'Corp Brief') Railways plants 81.6 lakhs trees in 2025-26 across Zones (See 'Corp Brief') PMLA - If proceeds of crime directly or indirectly obtained or derived out of criminal activity relating to scheduled offence are not traceable, then any other property of accused of equivalent value falls within definition of ‘proceeds of crime': SAFEMA (See 'Legal Desk') MSDE drives skill-led transformation across India's border villages (See 'Corp Brief') Nadda emphasizes 70% of NCD Risk Factors Are Lifestyle-Driven (See 'Corp Brief') Workshop on New Textile Schemes held in Bengaluru (See 'Corp Brief') IPR - 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TCIL pays dividend to Govt

Published: Oct 10, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 10, 2024: TELECOMMUNICATIONS Consultants India Ltd. (TCIL) today paid dividend of Rs. 33.72 crore to the Government of India for the year 2023-24.  Chairman & Managing Director Sanjeev Kumar presented the dividend cheque to Jyotiraditya M. Scindia, Minister of Communications, in the presence of Dr. Neeraj Mittal, Secretary, Department of Telecommunications (DoT).

The Government holds 100 percent equity in the TCIL and in the year 2022-23, the PSU paid a dividend of Rs. 14.19 Crore for the year 2022-23 to the Government. This marks an annual jump of 137% in the amount of dividend paid by TCIL to the government, thus showing financial robustness and sustainability.

TCIL, established in August 1978, operates under the administrative control of the Department of Telecommunications. The company, a Miniratna PSU, has consistently remained profitable over the years.

TCIL is one of the most diversified PSU, executing Projects in the field of Telecommunications & Information Technology in India and abroad. TCIL has executed projects in over 70 countries across the globe. Its overseas operations are currently in the Kingdom of Saudi Arabia, Kuwait, Oman, Mauritius & Nepal apart from the ongoing prestigious Pan Africa e-Vidya Bharti & Arogya Bharti Network project operating in more than 15 African countries.

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