The Hindu Business Line : ECIL turnover surges

Hyderabad April 10 The Government-owned Electronics Corporation of India Ltd (ECIL) has recorded a turnover of Rs 1,017 crore and profit before tax of Rs 120 crore for 2006-07 against revenues of Rs 700 crore and a net profit of Rs 42 crore during previous fiscal.

The growth was driven by increased focus on defence and space-related technology services and buoyancy in sales in the electronic voting machines.

The Chairman and Managing Director of ECIL, Mr K.S. Rajasekhara Rao, said as the company was playing a more strategic role in both defence and space related applications for Atomic Energy Commission, Nuclear power Corporation, Department of Space, including Chandrayan (Moon) mission.

"We are confident of a top line growth of over 25 to 50 per cent per annum," he said.

ECIL now has an order book of Rs 500 crore and has a pipeline of about Rs 800 crore, covering various segments in which it functions. As a part of its expansion and growth plans, it has set apart a capital expenditure plan of Rs 60 crore, Mr Rao said.

The Tirupati unit, which was once manufacturing TV sets, has changed its focus and now makes electronic voting machines, which are in demand both in the country and in some of the markets in the region. ECIL supplied about 8,000 machines to Bhutan and is in the process of negotiating for deals in South Africa and some more countries.

Smart card project

The Tirupati unit will also focus on the smart card project, which would be handled along with ITI Ltd, and BEL, both located in neighbouring States. ECIL, BEL and ITI have the mandate for a 2.2 milion pilot smart card integrated citizen ID card project. ECIL expects to play a larger role as this gets in to execution mode for the entire country. Recently, the Government launched this pilot initiative for smart cards and this would be completed by July.

ECIL has about 100 firsts, which include control and instrumentation for power plants, earth station receivers and electronic warfare systems and encryption technologies for armed forces, Mr Rao said.

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