🧯 Tamil Nadu Telecommunications – The Zombie PSU That Won’t Die
Date of Publishing -
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At a Glance
Once a proud three-way JV between TCIL, TIDCO, and Japan’s Fujikura, Tamil Nadu Telecommunications Ltd is now a cash-incinerating PSU relic with zero revenue, negative net worth, and no product in years. But hey, it’s up 101% YoY — because penny stocks with government tags are the new NFTs.
1. 🎬 Introduction – From Optical Fiber to Optical Illusion
Incorporated in 1988 – pre-liberalization, pre-Jio, pre-common sense.
Makes optical fiber cables… or at least used to.
In reality, this is a shell of a company kept alive on life support by government associations and shareholder hopium.
No revenue since FY18. No profits since forever. But stock has doubled in a year. 🙃
2. 🧵 WTF Do They Even Do?
Original Business: Manufacture and supply of optical fiber cables (OFCs) for telecom infra projects.
JV Partners:
TCIL (Telecommunications Consultants India Ltd) – Central PSU under Ministry of Communications.
TIDCO – Tamil Nadu’s industrial development body.
Fujikura Ltd (Japan) – Top OFC player globally.
In theory: Amazing.
In practice: No cables, no customers, just cable TV-sized accounting errors.
