Keltron has achieved a new high in its history, exceeding the previous high of Rs 458 crore with a sale of Rs 522 crore and a net profit of Rs 20 crore. Keltron’s subsidiary firms, KCCL, Kannur and KECL, Kuttippuram, also improved their performance, with turnovers of Rs 80 crore and Rs 13.85 crore, respectively, according to a Friday announcement. Thus, the Keltron group’s sales increased by 15% over the previous year, reaching Rs 614 crore with a net profit of Rs 23.15 crore. This achievement is a significant step toward the goal of Rs 1000 crore by 2026, as outlined in the Keltron master plan presented to the government of Kerala.
Despite missing over two months of work owing to the covid epidemic, the performance is impressive. In addition, the service interruption in the electronics components supply chain, which included price hikes of up to 30% for electronics components as well as a lengthy delivery timetable (ranging from 8 to 40 weeks), had to be overcome. The overall performance of the Keltron Unit has been usually remarkable as a result of stringent programme monitoring, overall performance reviews at the government level, and, most importantly, the wholehearted dedication of all sections of personnel.
Keltron’s sales have surpassed Rs 500 crore, owing to considerable growth in defence-related production for the Indian Navy and NPOL in KEC/KCA of Rs 88 crore, IT-related services of Rs 197 crore, and manufacture and commissioning of systems for SAFE KERALA Projects (Rs 120 crore). Significant infrastructure enhancements have also been completed across all Keltron units using the Government plan budget of Rs 4 crore for Keltron and Rs 2 crore for KCCL.
Many new initiatives are being addressed in the coming years as part of the Government of Kerala’s vision to transform KELTRON into an Electronic Hub, particularly in the fields of power electronics, traffic enforcement systems, automatic motor vehicle testing systems, defence-related production facilities, software activities for defence-related products, augmentation of data centre services, and space-related production augmentation. Significant emphasis is being placed on modernising infrastructure and establishing new facilities in order to gradually boost manufacturing content to a minimum objective of 40% of turnover.
In addition, the forthcoming supercapacitor production plant at KCCL, Kannur, with technical assistance from ISRO, will be a major land effort towards the Government of India’s Make in India objectives and will be finished this year.
