TCIL, under the administrative control of the Department of Telecommunications, was set up in 1978. The company had a turnover of Rs 12.05 billion and profit after tax of Rs 708 million in 2016-17 fiscal.
The government has raised over Rs 150 billion so far this fiscal through PSU disinvestment, which includes Rs 17 billion from IPOs of four PSUs -- RITES, IRCON, MIDHANI and Garden Reach Shipbuilders.
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