The public sector Keltron has crossed a landmark milestone in its history by achieving a turnover of ₹ 522 crore with a net profit of ₹20 crore, surpassing the previous best of ₹458 crore.
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The subsidiary companies of Keltron namely Keltron Component Complex Ltd (KCCL), Kannur and Keltron Electro Cermics Ltd. (KECL), Kuttippuram, also improved their performance by achieving a turnover of ₹80 crore and ₹13.85 crore respectively. Thus Keltron group turnover achieved an increase of 15% compared to last year by posting a total of ₹614 crore with a total net profit of ₹23.15 crore.
An official press note issued here recently said the performance was achieved in spite of a loss of almost two months of work due to the COVID-19 pandemic and overcoming the disruption in the electronics components supply chain.
The press note said the increased turnover of ₹500 crore has been possible specifically due to a significant increase in defence-related production for the Indian Navy and NPOL, IT-related services and manufacturing and commissioning of systems for Safe Kerala projects.
It added that moves were on to improve the company’s presence in the field of power electronics, traffic enforcement systems, automatic motor vehicle testing systems, defence-related production, software activities for defence related products, augmentation of data centre services and space-related production. Significant thrust was being given to modernising infrastructure and establishment of new facilities. Also, the upcoming supercapacitor production facility at the KCCL, Kannur, with technology from the Indian Space Research Organisation would be completed this year.