TELK Plans Modernization Worth Rs 200 Crore

KOCHI:
Transformers and Electricals Kerala Ltd (TELK), a joint venture between the government of Kerala and NTPC Ltd, is planning to invest Rs. 200 crore to modernize its manufacturing facility and re- skilling employees. Commenting on the plan N C Mohanan, chairman of TELK, said, “New technologies are coming into the electrical industry and to be competent in the market the company needs to be modernized into the international standards. For this we are trying to get fund from both state government and NTPC. Being a zero debt company, we have eligibility to avail loans.”
The company, which was in loss during the fiscal 2015 and 2016, earned a profit of 1.6 crore in 2017 and thereby made a return to growth. For the fiscal 2018, TELK has retained its growth with a profit of Rs 6 crore with a turnover of 186 crore. And for the fiscal 2019, the company targets to achieve a turnover of 240 crore with a profit of Rs 18 crore.
TELK is also planning to extent their markets to African countries for the localization policy of Oman has affected the export market of the company. “We have also planned to conduct an international seminar for the employees so as to increase their skills and give them training on the current trends in the industry”, said Mohanan.