|COMPANY NAME||INKEL INDUSTRIES LTD.|
|NATURE OF BUSINESS||Building of complete constructions civil engineering|
|PROMOTERS||Cheril Krishna Menon|
The Company has reported total turnover of Rs. 61,42,67,696/- for the financialyear ascompared to Rs. 29,74,06,694/- in the previous year. The net loss of theyear under review amounted to Rs.3,33,51,479/- in the current year as comparedto loss of Rs. 13,60,16,845/- in the previous year. The company has made aprovision for doubtful Advances for Rs.2,00,00,000/- and bad debts written off forRs 9,34,38,000/- in respect of Seguro INKEL Consortium LLP resulted in a netloss.
Solar division achieved Rs.35 crore business in the FY 2020-21. The divisionobtained second highest Credit Rating “SP1B” for solar business and also bagged1st Biggest power plant order in India with “Mono PERC” module (HigherEfficiency). The division acquired accreditation from LSGD & Co-Operativesector which would help to get solar projects without tenders.
INKEL Ltd is a Public Private Partnership (PPP) initiative which brings together government agencies, prominent global investors, NRI industrialists/ businessmen.
Government of Kerala has established INKEL Ltd with specific objective of channelizing private capital as well as professional expertise into large scale projects viz industrial business park, roads and bridges, power, transport, trade centre’s etc.
INKEL is on track to emerge as an one stop destination for implementing large scale infrastructural projects and an instrument for fast track development of the state’s economy. It will provide a conductive platform for private investors in Kerala and beyond.