Inkel 1

INKEL pays Rs 1.21 Cr Dividend to Kerala Govt

Thiruvananthapuram: INKEL has paid a dividend of Rs 1.21 crore to Kerala government for the financial year 2014-15. INKEL Managing Director T Balakrishnan handed over the cheque for that amount to Chief Minister Oommen Chandy in the presence of Minister for Industries and IT and INKEL Chairman P K Kunhalikutty and Revenue Minister Adoor Prakash.

This is the third dividend that state-owned INKEL has handed over since the issue of shares to the government and public in 2008.

INKEL has completed several major ventures across the state, and expects to take on projects to the tune of Rs 500 crore over the next three years.

The completed projects include a Rs 75 crore container freight station at Vallarpadom in Kochi, a 2 lakh sq ft industrial cum commercial building at Angamaly for Rs 30 crore, skill development centre worth Rs 10 crore at Malappuram, and a Rs 5 crore industrial park at Malappuram. Several other projects are also in the pipeline.

Principal Secretary for Industries and IT P H Kurian, KSIDC Managing Director Dr M Beena and Principal Secretary for Revenue Dr Vishwas Mehta were also present on the occasion.