Central Electronics Limited

(A Govt. of India Enterprise)

Press Release

Hon’ble Union Minister of State (Independent Charge) Ministry of Science & Technology, Ministry of Earth Sciences, Dr. Jitendra Singh flags off ambulances to District Hospital (MMG), Ghaziabad and CEL pays dividend to Government of India for the first time

9^th December, 2022  New Delhi : Dr. Jitendra Singh, Hon'ble Union Minister of State (Independent Charge) Ministry of Science & Technology, Ministry of Earth Sciences, Minister of State in Prime Minister's Office, Ministry of Personnel, Public Grievances & Pensions, Department of Atomic Energy and Department of Space was presented a cheque of dividend  by Dr. N. Kalaiselvi, Director General, CSIR and Secretary DSIR,  on behalf of Central Electronics Limited (CEL), an enterprise under the Ministry of Science and Technology for the first time in the history of the company. Speaking on the occasion, Mr. Chetan Prakash Jain, CMD, CEL informed the Hon'ble Union Minister that CEL employees are working tirelessly to enhance turnover, add new products and increase CEL's profitability. He pointed out that CEL has been making profits for more than last 8 years and has now disbursed all outstanding arrears of wages, due since 2007. After paying the wage arrears in the financial year 2021-22, the company paid dividend for the first time in its history. The Annual General Meeting of the company was held at Science Center, Lodhi Road, in which a turnover of Rs. 253 crores and net PBT of Rs. 35.18 Crores, after payment of arrears, for the financial year 2021-22, was declared. The company has also paid corporate tax of Rs. 9.69 Crores.

Dr. Jitendra Singh, Hon'ble Union Minister being presented the Dividend cheque on behalf of CEL by Dr. N. Kalaiselvi, Director General, CSIR and Secretary DSIR, along with Shri Chetan Prakash Jain, CMD, CEL and other dignitaries.