TCIL pays Rs 337.2 million dividend to the government for the year 2023-24

The Telecommunications Consultants India Limited (TCIL) has paid dividend of Rs 337.2 million to the government for the year 2023-24.

Sanjeev Kumar, chairman and managing director, TCIL presented the dividend cheque to Jyotiraditya Scindia, Union Minister of Communications and Development of North Eastern Region, in the presence of Dr Neeraj Mittal, secretary (T), Department of Telecommunications (DoT).

The government holds 100 per cent equity in the TCIL and in the year 2022-23, the PSU paid a dividend of Rs 141.9 million for the year 2022-23 to the government. This marks an annual jump of 137 per cent in the amount of dividend paid by TCIL to the government, thus showing financial robustness and sustainability.