TCIL hands over Rs 1-crore dividend cheque to Telecom Minister Ravi Shankar Prasad

NEW DELHI: TCIL on Wednesday handed over a dividend cheque of Rs 1 crore to Telecom Minister Ravi Shankar Prasad. On receiving the cheque, Prasad said, “While I compliment you for the cheque but I am not thrilled with the amount. PSUs have got best of the resources and talents and you can do more.” The minister further said that public sector units should remain in the field for creating balance in the industry and protecting consumer interests.

“We have got good number of projects to work on this year and hope to increase dividend significantly next year,” Telecommunications Consultants India Ltd CMD Vimal Wakhlu said. The company has reported an increase of 9.3% in its consolidated profit at Rs 175 crore for FY 2013-14, as againstRs 160 crore a year ago.