ECIL records 17% rise in FY13 earnings

September 30, 2013 11:01 pm | Updated May 31, 2016 05:12 am IST - HYDERABAD:

The main corporate office of Electronics Corporation of India Ltd in Hyderabad, the capital of the southern Indian State of Andhra Pradesh.

The main corporate office of Electronics Corporation of India Ltd in Hyderabad, the capital of the southern Indian State of Andhra Pradesh.

The Electronics Corporation of Indian Limited (ECIL), which functions under the Department of Atomic Energy, has reported earnings of Rs. 1,729 crore for the financial year 2012-13, a 17 per cent rise over the Rs. 1,474 crore it logged the previous year.

The earnings of the Coporration before interest, taxes, depreciation and amortization (EBITDA) stood at Rs. 103 crore, an ECIL spokesperson said.

The financial results of the PSU, which were supposed to be out about five months ago, were delayed due to different audits, including one by the Comptroller and Auditor General of India, the spokesperson added.

Achievements

The ECIL’s achievements in the last financial year include installation of control and instrumentation equipment at Kudankulam Nuclear Power Plant (KKNPP) and the Prototype Fast Breeder Reactor (PFBR) at Kalpakkam.

Besides the supply, installation and commissioning of a ground station for Earth Observation Satellite at Antarctica, Integrated Security Systems for the Indian Chancery at Kabul and supply of two lakh artillery fuzes to Indian Army are among notable projects executed by ECIL.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.