INKEL pays Rs 1.21 crore dividend to Kerala government

THIRUVANANTHAPURAM: Infrastructures Kerala Ltd, a public-private initiative, today paid a dividend of Rs 1.21 crore to Kerala government for the financial year 2014-15.

INKEL Managing Director T Balakrishnan handed over the cheque to Chief Minister Oommen Chandy here in the presence of Minister for Industries and IT and INKEL Chairman P K Kunhalikutty.

This is the third dividend that INKEL has disbursed since the issue of shares to the government and public in 2008, a release said.

INKEL has completed several major ventures across the state, and expects to take on projects to the tune of Rs 500 crore over the next three years.

The completed projects include a Rs 75 crore container freight station at Vallarpadom in Kochi, a two lakh sq ft industrial-cum commercial building at Angamaly for Rs 30 crore, skill development centre worth Rs 10 crore at Malappuram, and a Rs five crore industrial park at Malappuram.

State Revenue Minister Adoor Prakesh, Principal Secretary for Industries and IT P H Kurian, KSIDC Managing Director Dr M Beena and Principal Secretary for Revenue Dr Vishwas Mehta were also present on the occasion.