It's about Business in Kerala!
Trivandrum: Kerala Financial Corporation (KFC) has scaled new heights by registering the highest ever profit of Rs.45.65 crores for the financial year 2011-12. The Corporation also increased the size of its assets from Rs.1,124 crores to Rs.1,240 crores during this period. Buoyed by the all-time best performance, a dividend of 7.5% on paid up capital was declared by the Corporation in its Annual General Meeting held on July 11, 2012.
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Tvm: Infrastructures Kerala Limited (Inkel), will invest Rs.5,000 crores in the next four years to support the basic and industrial infrastructure in Kerala. The Government has given in-principle nod for ten projects which is expected to get clearance by the end of this financial year. The fund will be raised through equity and borrowings from financial institutions and some of the directors of the company have expressed interest to invest in feasible projects.
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Kochi: The Kerala State Industrial Development Corporation Ltd (KSIDC) has tied up with Gail Gas Ltd. to set up a joint venture company, Kerala Gail Gas Ltd. (KGGL) to implement supplementary gas infrastructure in Kerala. KGGL will also be setting up a Gas Training Institute at Angamaly, near Kochi on land to be provided by KSIDC.
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Tvm: The Angamaly based State Owned Enterprise, Transformers and Electricals Kerala Ltd. (TELK) has turned around from being a ‘sick’ company to register a turnover of Rs.200 crore and declared dividend for 2009-10 and 2010-11 after 30 years. The company has benefited from its three-year-old association with the National Thermal Power Corporation (NTPC).
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