Leading public sector company Telk gets 1 crore six lakhs rupees as profit in the last quarter of the financial year with its excellence in operations. The achievement is after continous loss in the financial years 2014-15 and 15-16 and the consolidated loss rose to 48 crores forcing the company under closure says chairman N.C. Mohanan.
The special consideration by the LDF government to save public sector companies and the dedicated co-operation and united performance of the staff, employess and trade union lead to this accomplishment. In the financial year 2017-18 it is aimed to achieve 250 crores through the sale of transformers and 20 crores through associated operations. Total profit of 25 crores is expected this financial year. Steps are under progress to provide the pending benfits for the workers, says chairman.
The order position of the company is 300 crores which was just 56 crores in 2016 september. Dedicated efforts are being made to make this upto 400 crores. Understanding at government level is furnished to give 40% of KSEB orders to telk.
Kerala government with the technical support of Hitachi company established Transformers and Electricals Kerala Limited (Telk) in 1963 at Angamali. 2007 onwards it is a joint venture of Kerala government and NTPC. The transformers of Telk are globally acclaimed in quality standards. Power Transformers produced by Telk is in good working condition in India and abroad even after 40 years whereas those by the private companies stops working after 25 years.
80 percentage transformers in countries like Oman is produced by Telk, says chairman N.C. Mohanan in the press meet. The only transformer working withour defect at the Moolamattom power plant is manufactured by Telk, he added.
Save energy project to save electricity upto 20 percentage and the production of special transformers suited for industrial solar projects will start in the days ahead says Man
aging Director B. Prasad. A Rapid Repair Force wing will also start operations soon for the maintenance of transformers anywhere in India abroad within 48 hours, MD added. Joint GM Ganapathy Iyyer, DGM&Company secretary Dr. Jophi George also participated in the press meet.
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