Kochi, Apr 19 (UNI) State-owned Transformers and Electricals Kerala Limited (TEKL) had achieved a record production of Rs 109 crore during 2005-06.
In a release here today, TEKL Managing Director K R Viswambharan said he hoped to make a profit of Rs three crore this year marking the fourth consecutive year of recording surplus despite being a sick unit.
For the first time in its history, TEKL's production and turnover crossed Rs 100 crore.
TELK's production target for 2006-07 was Rs 130 crore and by achieving this, it could come out of the purview of BIFR and grow further.
It made a record export of Rs 28 crore in 2005-06 which was many times higher than the previous years, he said. At present, TEKL had an order book position of Rs 150 crore.
Shortage of working capital and the retirement of a large number of skilled people were the grave probelms staring at TEKL.
Due to BIFR restrictions, it was not able to make any fresh appointment. However, with some temporary arrangements, the company was determined to achieve its production target in the next financial year also.
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