The move to disinvest at least 10% stake in Telecommunications Consultants India Limited (TCIL) has strengthened with the DOT starting initial preparations for the same. TCIL is 100% government-owned and is a profitable PSU. Its net worth is assumed at Rs. 1331.11 crores and is having operations in 58 countries. Many of the DOT / BSNL officials are working in TCIL on deputation basis. A small % of shares will be open for employees under ESOP scheme.

We are opposed to the disinvestment. It has to be seen how the employees of the TCIL react to the new development.