Financial Daily from THE HINDU group of publications
Saturday, Jan 22, 2005

Port Info

Group Sites

Industry & Economy - PSU

Keltron bags orders from Navy

Our Bureau

Thriuvananthapuram , Jan. 21

THE public sector Kerala State Electronics Development Corporation (Keltron), which is digging its heels deeper into the production of defence-related systems, has bagged orders worth Rs 16 crore from the Indian Navy this month.

The orders are for electro-magnetic log, retransmission units, dual channel under-water telephones and echo sounders, according to Mr V. Ramkumar, Managing Director, Keltron.

Briefing newspersons on the company's increasing involvement in defence-related production, he said the Special Products Division catering to requirements of Defence is now having an all-time high order book position of Rs 43 crore for supply of products such as processor-based ground mine, radar interface units, steering gear control systems and personal rescue beacon.

The division is all set to touch a 50 per cent growth in its production, taking its turnover to Rs 20 crore. This will constitute over 20 per cent of the total turnover of Keltron.

Mr Ramkumar said the company had indigenously developed electro-magnetic log to measure the speed and the distance travelled by ships. This equipment has successfully passed sea trials, environmental tests as per Joint Services Standards and the Indian Navy has cleared it for inducting into ships. The Navy has placed orders worth Rs 4 crore for 17 units of the new product.

He noted that Keltron is one of the four Indian companies participating in the country's prestigious aircraft carrier project. It has received an order worth Rs 1 crore for engineering and manufacturing of a dual channel under-water telephone for the Russian aircraft carrier, Admiral Goroshkov, being procured by the Indian Navy.

Keltron, the lone supplier of processor-based ground mine, an important import substitution armament, has handed over its 101st unit to the Navy on Thursday. In all, the company has received orders for 150 such mines.

Mr Ramkumar said Keltron has spare capacity to undertake the production of defence-related systems in which it created proven expertise over the last decade. Accordingly, the segment has been identified as a thrust area for the future growth of the company.

He pointed out that the task force, constituted by the Centre some time ago, had cited "synergy between Ordnance Factory Board (OFB) and some of the units of Keltron". However, a final outcome in the matter of the take-over of Keltron by the Centre is yet to emerge.

He said the company has taken up the matter with the Centre and the State Government and has also requested the Members of Parliament from the State to put in their efforts to get it off the block. If not total take-over, the Defence can accord the status of a "preferred vendor" to Keltron, he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Directory of R&D institutions in Kerala

`Gulf Dream' rebounds with new vigour
Naturol BioEnergy set to achieve financial closure by March
MSEB looks to wind power, biomass to tackle shortage
Brazil lifts dumping duty on Indian jute bags
Mid-term review of dumping duty on Vitamin AD3
Govt urged to extend Sarfaesi Act to NBFCs
Kerala Budget on Feb 4
Agrochem industry answers Jammu call
FICCI plans to rev up manufacturing sector
`Growth of manufacturing sector key to combat unemployment'
`World Bank committed to supporting reform process'
India, Chile launch joint business forum
Tobacco industry calls for continuation of AED regime
EEPC opens out to CIS nations
India to prepare `sensitive list' for negotiations with Thailand
Nitric oxide saves life of newborn
Keltron bags orders from Navy
KRL officers say swap ratio with BPCL unfavourable
Concern over import of life-expired gas cylinders
Pvt petro outlets fare better with small network
`Molecular medicine next big opportunity'
AES Corp, CLP Power are back; bid for UP project
High-voltage distribution system in AP soon
Draft steel policy targets 110 mt output by 2020
Shifting of service tax liability: Traders unhappy
Minister not in favour of taxing industry for reviving sick firms
Luxury tax militates against Centre-States' pact: Experts
FICCI moots measures to enlarge tax base
`EOUs should be exempted from central sales tax'
FIEO flays VAT refund clause
Garment technology expo 2005 begins
Archaic laws stifle textile sector competitiveness
Post-quota regime: Yarn exporters turning to domestic production
Spinners' plea to sort out conversion charges issue
CII in pact with UK chamber for SMEs
Plea to safeguard interests of SMEs in trade accords
SISI training programme in Vijayawada
Herbal cosmetics sector to contend with new players
Gem, jewellery exports rise 38 pc
BDMA, Ramky sign pact for Pharma City lands
Leather exporters focus on finished goods
Bengal leather sector seeks more funds for upgradation
Rs 5-cr S&T incubation fund to be set up
Divest loss-making Kerala PSEs: Chamber
WTO: Making multilateralism meaningful
Cruise cos scout for Indian staff
Kerala plantation workers plan rally
Chidambaram to attend G-7 meet
Creating value in services sector — `Leadership from manufacturing holds key'
Swan song
PM to inaugurate meet on CEOs today
Corporate quiz
Consumer grievances
Should all deductions and exemptions go?
Exports under deferred payment deals to get advance licence benefits
S. Asian tsunami warning system may cost $200 m
LIC expedites settlement of claims over tsunami casualties
Contributions to The Hindu Relief Fund
`Lab networking must to monitor pesticide residues'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line