Public sector undertakings in Kerala: Difference between revisions
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{{Short description|State-owned enterprises in Kerala, India}} |
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{{Use dmy dates|date=February 2017}} |
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[[Image:Districts of Kerala.png|thumb|right|Districts of Kerala]] |
[[Image:Districts of Kerala.png|thumb|right|Districts of Kerala]] |
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[[Public-sector undertaking|Public sector undertakings]] in Kerala are of two types, public sector units in which majority shares are owned by [[Government of India|Union Government]] and public sector units in which majority shares are owned by [[Government of Kerala|State Government]]. Public sector undertakings in [[Kerala]],<ref>[http://kerala.gov.in] {{webarchive|url=https://web.archive.org/web/20060518025213/http://kerala.gov.in/ |
[[Public-sector undertaking|Public sector undertakings]] in Kerala are of two types, public sector units in which majority shares are owned by [[Government of India|Union Government]] and public sector units in which majority shares are owned by [[Government of Kerala|State Government]]. Public sector undertakings in [[Kerala]],<ref>[http://kerala.gov.in] {{webarchive|url=https://web.archive.org/web/20060518025213/http://kerala.gov.in/|date=18 May 2006}}</ref><ref>{{Cite web|url=https://keralaindustry.org/|title=Home|website=Kerala Bureau of Industrial Promotion (K-bip)}}</ref> i.e. enterprises in which majority shareholder is [[Government of Kerala]] are generally divided into ''Manufacturing'' & ''Non-Manufacturing''. Some of the PSUs such as Kinfra, KSIDC, SIDCO etc. are ''promotional agencies''.<ref>{{Cite web |url=http://www.keralaindustry.org/Synergising_PSU%27s.pdf |title=Archived copy |access-date=17 June 2010 |archive-date=28 September 2010 |archive-url=https://web.archive.org/web/20100928024459/http://www.keralaindustry.org/Synergising_PSU%27s.pdf |url-status=dead }}</ref> As of 2004 there were 104 enterprises spread over 14 different sectors of Kerala economy. These sectors are as varied as engineering, electronics to wood products & welfare agencies. Eleven units are joint venture of Kerala government with the [[Government of India|central government]]. Most of state PSUs units are under [[Department of Industries (Kerala)|Department of Industries & Commerce]] (85 enterprises). |
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The largest enterprises<ref>A REVIEW OF PUBLIC ENTERPRISES IN KERALA 2004–2005, Bureau of Public Enterprises, Government of Kerala</ref> (Based on 2005 figures) |
The largest enterprises<ref>A REVIEW OF PUBLIC ENTERPRISES IN KERALA 2004–2005, Bureau of Public Enterprises, Government of Kerala</ref> (Based on 2005 figures) |
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{| class="wikitable" style="margin: 1em auto 1em auto;" |
{| class="wikitable" style="margin: 1em auto 1em auto;" |
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! Rank || Based on capital investment || Based on turnover || Based on profitability|| Based on employment|| |
! Rank || Based on capital investment || Based on turnover || Based on profitability|| Based on employment|| |
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|1 ||[[Kerala State Electricity Board]]||[[Kerala State Electricity Board]] ||[[Kerala State Electricity Board]]|| [[Kerala State Road Transport Corporation]]||[[Kerala State Road Transport Corporation]] |
|1 ||[[Kerala State Electricity Board]]||[[Kerala State Electricity Board]] ||[[Kerala State Electricity Board]]|| [[Kerala State Road Transport Corporation]]||[[Kerala State Road Transport Corporation]] |
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In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for [[privatisation]].<ref>{{cite book |last1=Mishra |first1=R. K. |last2=Navin |first2=Bulusu |title=Restructuring Public Enterprises in India: Privatisation and Disinvestment |date=2002 |publisher=Mittal Publications |isbn=978-81-7099-871-6 |url=https://books.google.com/books?id=Y_HSS6aU3SQC}}</ref> As per [[Comptroller and Auditor General of India|CAG]] report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency. It showed an incurred loss of {{INR}}589 crore. Losses in PSUs were attributed to poor financial management, planning, implementation of projects, running of operations and monitoring.<ref>{{cite news|title=Kerala public sector units lack accountability: CAG|url=http://www.thehindubusinessline.com/2010/03/26/stories/2010032653731900.htm}}</ref> In 2012–13, out of the 78 PSUs which had finalised their accounts during that fiscal year, 45 PSUs earned a total profit of {{INR}}666.86 crore and 31 PSUs incurred loss of {{INR}}607.34 crore, as per CAG report. Kerala State Beverages Corporation was the most profit making PSU, while the Kerala State Electricity Board incurred an operational loss of {{INR}}3,758.17 crore.<ref>{{cite news|title=45 PSUs in Kerala clocked profit in 2012–13: CAG report|url=http://www.business-standard.com/article/pti-stories/45-psus-in-kerala-clocked-profit-in-2012-13-cag-report-114061001127_1.html}}</ref> |
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Most of the PSUs in Kerala were loss making units until 2016.<ref>{{cite web |url=http://industriesministerkerala.gov.in/constituency.php |title=Archived copy |access-date=2010-06-17 |url-status=dead |archive-url=https://web.archive.org/web/20100710191017/http://industriesministerkerala.gov.in/constituency.php |archive-date=10 July 2010 |df=dmy-all }}</ref> |
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The combined net profit made by all 40 State PSUs under the Industries Department was 110.41 crore in 2012–13. However, from 2013-14 onwards, the combined net profits of these State PSUs has been negative. It was (-)131.9 crore in 2015-16 when the [[United Democratic Front (Kerala)|UDF]] government was voted out of power. |
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In a 2016 study, Kochi-based [[think tank]] Centre for Public Policy and Research stated that Kerala government should take a cue from the [[disinvestment]] process initiated at the Centre and initiate it at the State level, as Kerala has the case of large number of PSUs in the state that were closed, as they were not able to withstand the competition in the market.<ref>{{Cite news|url=http://www.thehindubusinessline.com/news/national/call-to-divest-from-lossmaking-psus/article8793120.ece|title=Call to divest from loss-making PSUs|last=Kumar|first=V Sajeev|date=2016-06-30|work=The Hindu Business Line|access-date=2017-10-02|language=en}}</ref> During the fiscal year 2016-2017, PSUs in Kerala incurred a net loss of ₹80.67 crore. According to Kerala's state industrial department, the PSUs had a combined net profit of {{INR}}106.91 crore in 2017-2018; there were total 42 PSUs.<ref>{{Cite magazine|url=https://www.indiatoday.in/india/story/from-rs-131-6-crore-net-loss-kerala-s-psus-post-rs-106-91-crore-net-profit-in-2-years-1242712-2018-05-26|title=From Rs 131.6 crore net loss, Kerala's PSUs post Rs 106.91 crore net profit in 2 years|author=P. S. Gopikrishnan Unnithan |date=May 27, 2018 |magazine=India Today}}</ref> In 2018–19, 17 PSUs had registered operational profit, according to the state industrial department.<ref>{{Cite web|url=https://www.newindianexpress.com/states/kerala/2019/apr/11/17-psus-in-kerala-register-operational-profit-as-13-clock-net-profit-1962900.html|title=17 PSUs in Kerala register operational profit as 13 clock net profit|website=The New Indian Express}}</ref> For the fiscal year 2020-21, the annual review report by the Bureau of Public Enterprises calculated a total net loss of {{INR}}6,055.47 crore from public enterprises in the state. Among these, 63 enterprises were loss-making, while 50 managed to make a profit. Top 10 loss-making enterprises together contributed to 95.39 percent of the total losses. [[Kerala State Road Transport Corporation|KSRTC]] topped with a loss of {{INR}}1,976.03 crore which was 30.08% of the total loss, [[KSEB]] came second with a loss of {{INR}}1,822.35 crore, representing 27.74% of the total loss, and [[Kerala State Beverages Corporation]] came third with a loss of {{INR}}1,608.17 crore, accounting 24.48 percent of total loss.<ref>{{cite news |last1=Vidyanandan |first1=M. S. |title=10 Kerala entities contribute to PSUs' 95% loss |url=https://www.newindianexpress.com/states/kerala/2022/mar/15/10-state-entities-contribute-topsus-95-loss-2430103.html |access-date=14 October 2023 |work=[[The New Indian Express]] |date=15 March 2022}}</ref> |
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One year into its tenure, during the 2016-17 period the [[Left Democratic Front (Kerala)|LDF]] government brought down the loss from Rs 131.9 crore to Rs 80.67 crore. The financial year ending 2018 March gave more reason to cheer for the state government as the combined results of all PSU's aggregated a net profit of Rs 106.91 crore .<ref>{{Cite magazine|url=https://www.indiatoday.in/india/story/from-rs-131-6-crore-net-loss-kerala-s-psus-post-rs-106-91-crore-net-profit-in-2-years-1242712-2018-05-26|title=From Rs 131.6 crore net loss, Kerala's PSUs post Rs 106.91 crore net profit in 2 years|author=P. S. Gopikrishnan Unnithan |date=May 27, 2018 |magazine=India Today}}</ref> |
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<ref name="auto">[http://spb.kerala.gov.in/ER2017/web_e/ch312.php?id=31&ch=312]{{dead link|date=April 2021}}</ref> |
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For example, the chemical PSUs under industries department which had made about 110 Cr Indian rupees in profit in the year 2012-2013 suddenly dropped to just 19 Cr in 2013-2014 and by 2014-2015 were at a loss of about 44 crore . |
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However under the new [[Left Democratic Front (Kerala)|LDF]] government by 2016-2017 these were back in profit netting in 44 Cr Indian rupees in profits.<ref name="auto"/> |
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17 public sector units in the state had registered operational profit in the financial year 2018–19 with a total operating profit of Rs 330.36 crore and a net profit of Rs 258.29 crore.<ref>{{Cite web|url=https://www.newindianexpress.com/states/kerala/2019/apr/11/17-psus-in-kerala-register-operational-profit-as-13-clock-net-profit-1962900.html|title=17 PSUs in Kerala register operational profit as 13 clock net profit|website=The New Indian Express}}</ref> |
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The increased dependency on budgetary support even for continuing regular operations of PSUs was a major concern during the Twelfth Five-Year Plan. However, from the last year of the Twelfth Five-Year Plan (2016-17) onwards, major initiatives for strengthening and revamping of PSUs under the Industries Department are being undertaken. Five units namely Travancore Titanium Products Ltd., Travancore Cochin Chemicals Ltd., Traco Cable Company Ltd., Steel Industrial Forgings Ltd. and Transformers and Electricals Kerala Ltd. have seen a turn around in 2016–17. But in 2017–18, PSUs under Industries Department have made remarkable achievements. The combined net profit made by all 40 State PSUs as on 30th August, 2017 was 21.5 crore. It is notable that these PSUs have registered positive combined net profit after incurring net combined losses for 4 years.<ref name="auto"/> |
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State PSUs under the Industries department have been showing sign of improvement from 2016-17 onwards. Thirteen State PSUs under the Industries Department reported profits in 2016-17 as against only eight in 2015–16. |
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The number of loss-making State PSUs decreased from 32 in 2015-16 to 27 in 2016–17, and the total losses made by loss-making State PSUs during this period also decreased from 226.6 crore to 180.5 crore. <ref name="auto"/> |
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Kerala Government have chosen to restructure the loss making units and not [[privatisation]].<ref>Restructuring public enterprises in India: privatisation and disinvestment By R. K. Mishra, B. Navin 2002.</ref> |
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"Kerala government should take a cue from the disinvestment process initiated at the Centre and initiate it at the State level" was a popular opinion held prior to 2016 . However the case seems to changing and now PSUs offer tremendous hope to Kerala . <ref>{{Cite news|url=http://www.thehindubusinessline.com/news/national/call-to-divest-from-lossmaking-psus/article8793120.ece|title=Call to divest from loss-making PSUs|last=Kumar|first=V Sajeev|date=2016-06-30|work=The Hindu Business Line|access-date=2017-10-02|language=en}}</ref> |
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==List of state PSUs in Kerala== |
==List of state PSUs in Kerala== |
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{| class="sortable wikitable |
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! Sl. No || Company || HQ Location || Sector || Remarks |
! Sl. No || Company || HQ Location || Sector || Remarks |
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|1|| Astral Watches Limited, Kowdiar|| [[Thiruvananthapuram]] ||Engineering || |
|1|| Astral Watches Limited, Kowdiar|| [[Thiruvananthapuram]] ||Engineering ||Defunct<ref>{{Cite web |url=http://www.bpe.kerala.gov.in/pages/BPE%20Doc/52.pdf |title=Archived copy |access-date=17 June 2010 |archive-date=21 July 2011 |archive-url=https://web.archive.org/web/20110721160110/http://www.bpe.kerala.gov.in/pages/BPE%20Doc/52.pdf |url-status=dead }}</ref> |
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| 2 || Autokast Limited || [[Cherthala]]||Engineering || |
| 2 || Autokast Limited || [[Cherthala]]||Engineering || |
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| 3 || Bekal Resorts Development Corporation Ltd., ||[[Thiruvananthapuram]] || Tourism || |
| 3 || Bekal Resorts Development Corporation Ltd., ||[[Thiruvananthapuram]] || Tourism || |
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| 4 || Foam Mattings (India) Limited ||[[Alappuzha]] || Traditional industry || |
| 4 || Foam Mattings (India) Limited ||[[Alappuzha]] || Traditional industry || |
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| 5 || Forest Industries (Travancore) Limited, ||[[Kochi]] || Wood based industry || |
| 5 || Forest Industries (Travancore) Limited, ||[[Kochi]] || Wood based industry || |
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| 6 || Handicrafts Development Corporation of Kerala Ltd || [[Thiruvananthapuram]] || Traditional industry || |
| 6 || Handicrafts Development Corporation of Kerala Ltd || [[Thiruvananthapuram]] || Traditional industry || |
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| 7 || [[InfoPark, Kochi]]|| [[Kochi]] || Information Technology || |
| 7 || [[InfoPark, Kochi]]|| [[Kochi]] || Information Technology || |
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| 8 || Kerala Agro Industries Corporation Limited || [[Thiruvananthapuram]] || Agro based || |
| 8 || Kerala Agro Industries Corporation Limited || [[Thiruvananthapuram]] || Agro based || |
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| 9 || Kerala Agro Machinery Corporation Ltd., || [[Kochi]] || Engineering || |
| 9 || Kerala Agro Machinery Corporation Ltd., || [[Kochi]] || Engineering || |
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| 10 || Kerala Artisans' Development Corporation Ltd., || [[Thiruvananthapuram]] || Welfare || |
| 10 || Kerala Artisans' Development Corporation Ltd., || [[Thiruvananthapuram]] || Welfare || |
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|11 || [[Kerala Automobiles Limited]] || [[Thiruvananthapuram]] || Engineering || |
|11 || [[Kerala Automobiles Limited]] || [[Thiruvananthapuram]] || Engineering || |
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|12 ||The Kerala Ceramics Limited|| [[Kundara]] ||Ceramics & Refractories|| |
|12 ||The Kerala Ceramics Limited|| [[Kundara]] ||Ceramics & Refractories|| |
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|13||Kerala Clays and Ceramic Products Limited|| [[Kannur]] ||Ceramics & Refractories|| |
|13||Kerala Clays and Ceramic Products Limited|| [[Kannur]] ||Ceramics & Refractories|| |
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|14||Kerala Construction Components Limited|| [[Cherthala]]||Ceramics & Refractories||Closed down |
|14||Kerala Construction Components Limited|| [[Cherthala]]||Ceramics & Refractories||Closed down |
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|15||[[Kerala Electrical and Allied Engineering Company]] Ltd. || [[Kochi]] ||Electrical equipment|| |
|15||[[Kerala Electrical and Allied Engineering Company]] Ltd. || [[Kochi]] ||Electrical equipment|| |
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|16||Kerala Feeds Limited || [[Thrissur]]||Cattle Feed|| |
|16||Kerala Feeds Limited || [[Thrissur]]||Cattle Feed|| |
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|17||Kerala Garments Limited|| [[Kannur]] ||Textiles||Closed down |
|17||Kerala Garments Limited|| [[Kannur]] ||Textiles||Closed down |
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|20||[[Kerala Khadi & Village Industries Board]]|| [[Thiruvananthapuram]] ||Traditional industry|| |
|20||[[Kerala Khadi & Village Industries Board]]|| [[Thiruvananthapuram]] ||Traditional industry|| |
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|21||Kerala Land Development Corporation Limited|| [[Thiruvananthapuram]] || Developmental & Infrastructure|| |
|21||Kerala Land Development Corporation Limited|| [[Thiruvananthapuram]] || Developmental & Infrastructure|| |
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|22||Kerala Medical Services, Corporation|| [[Thiruvananthapuram]]|| || |
|22||Kerala Medical Services, Corporation|| [[Thiruvananthapuram]]|| || |
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|23|| [[Kerala Minerals and Metals|Kerala Minerals and Metals Ltd.]] || [[Kollam]] ||Chemical industries|| |
|23|| [[Kerala Minerals and Metals|Kerala Minerals and Metals Ltd.]] || [[Kollam]] ||Chemical industries|| |
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|24 |
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|Department of Mining and Geology |
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|Thiruvananthapuram |
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|Loss Making |
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|25||Kerala |
|25||Kerala Premo Pipe Factory|| [[Chavara]] || || Unit closed down |
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|26|| [[Kerala Shipping and Inland Navigation Corporation|Kerala Shipping & Inland Navigation Corporation Ltd.]] || [[Kochi]] ||Public utilities|| |
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|26||Kerala Premo Pipe Factory|| [[Chavara]] || || Unit closed down |
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|27|| |
|27||Kerala Small Industries Development Corporation Ltd., (SIDCO) || [[Thiruvananthapuram]] || Developmental & Infrastructure|| |
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|28||Kerala Soaps & Oils Ltd. (Not to be confused with Kerala Soaps Unit) ||[[Kozhikode]] ||Chemical industries||Liquidated |
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|29||Kerala |
|29||[[Kerala Solvent Extractions Ltd]]|| [[Thrissur]] ||Agro based|| |
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|30|| |
|30||The Kerala State Bamboo Corporation Ltd|| [[Thiruvananthapuram]] || Agro based|| |
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|31|| |
|31||[[Kerala State Beverages Corporation]]. || [[Thiruvananthapuram]] || Trading unit|| |
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|32||[[Kerala State |
|32||[[Kerala State Cashew Development Corporation Limited|Kerala State Cashew Development Corporation Ltd.]] || [[Kollam]] || Agro based|| |
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|33||[[Kerala State |
|33||[[Kerala State Civil Supplies Corporation|Kerala State Civil Supplies Corporation Ltd.]] || [[Kochi]] || Trading unit|| |
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|34|| |
|34||Kerala State Coconut Development Corporation Ltd. || [[Attingal]] ||Agro based||Under liquidation |
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|35||Kerala State |
|35||Kerala State Coir Corporation Ltd. || [[Alappuzha]] ||Agro based|| |
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|36||Kerala State |
|36||Kerala State Construction Corporation Ltd. || [[Kochi]] ||Engineering|| |
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|37||Kerala State |
|37|| [[Matsyafed|Kerala State Co-operative Federation for Fisheries Development Ltd., Matsyafed]] || [[Thiruvananthapuram]] || Fisheries|| |
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|38| |
|38||Kerala State Detergents and Chemicals Ltd. || [[Kuttipuram]] ||Chemical industries||Closed down |
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|39||Kerala State |
|39||[http://texfed.kerala.gov.in/ Kerala State Cooperative Textile Federation Ltd.]||[[Thiruvananthapuram]] ||Textile|| |
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|40||[[Kerala State Development Corporation for Christian Converts from Scheduled Castes and the Recommended Communities]] || [[Kottayam]] || Financing, Marketing, Education || |
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|40||[http://texfed.kerala.gov.in/ Kerala State Cooperative Textile Federation Ltd.]||[[Thiruvananthapuram]] ||Textile||Loss making |
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|41|| |
|41||Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd. || [[Thrissur]] ||Welfare|| |
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|42||Kerala State |
|42||[[Kerala State Drugs and Pharmaceuticals Limited]]||[[Alappuzha]] ||Chemical industries|| |
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|43||[[Kerala State |
|43|| [[Kerala State Electricity Board]] || [[Thiruvananthapuram]] ||Public utilities|| |
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|44|| [[Kerala State |
|44|| [[Keltron|Kerala State Electronics Development Corporation Ltd., (KELTRON)]], || [[Thiruvananthapuram]] ||Electronics|| |
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|45| |
|45||Kerala State Film Development Corporation Ltd. || [[Thiruvananthapuram]] || Developmental & Infrastructure || |
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|46||Kerala State |
|46|| [[Kerala State Financial Enterprise|Kerala State Financial Enterprises Ltd]]. || [[Thrissur]] || Developmental & Infrastructure || |
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|47|| |
|47||Kerala State Handicapped Persons Welfare Corporation Ltd. || [[Thiruvananthapuram]] ||Welfare|| |
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|48||Kerala State |
|48||Kerala State Handloom Development Corporation Ltd. || [[Kannur]] ||Traditional industries|| |
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|49||Kerala State |
|49||Kerala State Horticultural Products Development Corporation Ltd., (Horticrop) || [[Thiruvananthapuram]] ||Agro based|| |
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|50||Kerala State |
|50||[[Kerala State Housing Board]]|| [[Thiruvananthapuram]] ||Public utilities|| |
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|51||[[Kerala State |
|51|| [[Kerala State Industrial Development Corporation|Kerala State Industrial Development Corporation Ltd.]] || [[Thiruvananthapuram]] ||Development & Infrastructure|| |
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|52|| |
|52||Kerala State Industrial Enterprises Ltd|| [[Thiruvananthapuram]] || Development & Infrastructure|| |
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|53||Kerala State Industrial |
|53||Kerala State Industrial Products Trading Corporation Ltd. || [[Thiruvananthapuram]] ||Trading units|| |
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|54||Kerala State |
|54||Kerala State Maritime Development Corporation Ltd. || [[Kochi]] ||Public utilities|| |
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|55||Kerala State |
|55||Kerala State Poultry Development Corporation Ltd. || [[Thiruvananthapuram]] ||Agro based|| |
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|56||Kerala State |
|56||Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd., (KELPAM) || [[Thiruvananthapuram]] ||Welfare|| |
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|57||Kerala State |
|57|| [[Kerala State Road Transport Corporation]] || [[Thiruvananthapuram]] ||Public utilities|| |
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|58|| |
|58||Kerala State Rural Women's Electronics Industrial Co-operative Federation Ltd-RUTRONIX|| [[Thiruvananthapuram]]||Electronic /IT Training|| |
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|59||Kerala State |
|59||Kerala State Salicylates & Chemicals Ltd. || [[Thiruvananthapuram]] ||Chemical industries||Closed down |
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|60||Kerala State |
|60||Kerala State Textile Corporation Ltd. || [[Thiruvananthapuram]] ||Textiles|| |
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|61||Kerala State |
|61||Kerala State Warehousing Corporation|| [[Kochi]] ||Agro based|| |
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|62||Kerala State |
|62||Kerala State Women's Development Corporation Ltd. || [[Thiruvananthapuram]] ||Welfare|| |
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|63||Kerala State |
|63||Kerala State Wood Industries Ltd. || [[Malappuram]] ||Wood based industry|| |
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|64||Kerala |
|64|| [[Kerala Tourism Development Corporation|Kerala Tourism Development Corporation Ltd.]] || [[Thiruvananthapuram]]||Tourism|| |
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|65|| |
|65||Kerala Urban and Rural Development Finance Corporation Ltd. || [[Thiruvananthapuram]] ||Development & Infrastructure|| |
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|66||Kerala |
|66||[[Kerala Water Authority]]|| [[Thiruvananthapuram]] ||Public utilities|| |
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|67||[[ |
|67||[[L B S Institute of Technology for Women|LBS Institute of Technology for Women]] || [[Thiruvananthapuram]]||Engineering Education|| |
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|68||[[Malabar Cements Limited]] || [[Palakkad]] ||Chemical industries|| |
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|68||[[L B S Institute of Technology for Women|LBS Institute of Technology for Women]] || [[Thiruvananthapuram]]||Engineering Education|| |
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|69|| |
|69||Malabar Co-operative Textiles Ltd. (MALCOTEX) || [[Malappuram]] ||Textiles|| |
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|70|| |
|70|| [[Meat Products of India|Meat Products of India Ltd.]] || [[Kochi]] ||Agro based|| |
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|71|| |
|71||Oil Palm India Ltd. || [[Kottayam]] ||Agro based|| |
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|72||Overseas Development and Employment Promotion Consultants Ltd. || [[Thiruvananthapuram]] ||Labour & Rehabilitation|| |
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|72||Oil Palm India Ltd. || [[Kottayam]] ||Agro based|| Profit Making |
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|73|| |
|73||[[Punalur#The Rehabilitation Plantations Ltd|Rehabilitation Plantations Ltd]]|| [[Punalur]]||Labour & Rehabilitation|| |
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|74||[[Punalur#The Rehabilitation Plantations Ltd|Rehabilitation Plantations Ltd]]|| [[Punalur]]||Labour & Rehabilitation|| Profit Making |
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|75|| |
|75||Scooters Kerala Ltd. || [[Alappuzha]] ||Engineering||Closed down |
||
|- |
|- |
||
|76|| |
|76||Sideco Mohan Kerala Ltd. || [[Thrissur]] || || Unit closed down |
||
|- |
|- |
||
|77|| |
|77||Sidkel Televisions Ltd. || [[Thiruvananthapuram]] ||electronics|| Unit closed down |
||
|- |
|- |
||
|78||[[Sitaram Spinning and Weaving Mills]] || [[Thrissur]] ||Textiles|| |
|||
⚫ | |||
|- |
|- |
||
|79|| |
|79||State Farming Corporation of Kerala Ltd. || [[Punalur]] ||Agro|| |
||
|- |
|- |
||
⚫ | |||
⚫ | |||
|- |
|- |
||
|81||Steel Complex Ltd. || [[Kozhikode]] ||Engineering|| |
|||
⚫ | |||
|- |
|- |
||
|82||Steel |
|82||[[Steel and Industrial Forgings Ltd]]|| [[Thrissur]] ||Engineering|| |
||
|- |
|- |
||
⚫ | |||
|83||[[Steel and Industrial Forgings Ltd]]|| [[Thrissur]] ||Engineering||Profit Making |
|||
|- |
|- |
||
|84||The Metal Industries Ltd. || [[Palakkad]] ||Engineering|| |
|||
|84|| [[Technopark, Trivandrum]] || [[Thiruvananthapuram]] ||Development & Infrastructure, Information Technology|| Profit Making,Single largest employment facilitator in Kerala |
|||
|- |
|- |
||
|85||The |
|85||The Metropolitan Engineering Company Ltd. || [[Thiruvananthapuram]] ||Electrical equipment||Unit closed |
||
|- |
|- |
||
|86||The |
|86|| [[Oushadhi|The Pharmaceutical Corporation (IM) Kerala Ltd., (Oushadhi)]] || [[Thrissur]] ||Chemical industries|| |
||
|- |
|- |
||
|87| |
|87||The Plantation Corporation of Kerala Ltd. || [[Kottayam]] ||Agro based|| |
||
|- |
|- |
||
|88||The |
|88||The Priyadarshini Co-operative Spinning Mills Ltd. || [[Kottayam]] ||Textiles|| |
||
|- |
|- |
||
|89|| |
|89||Tourist Resorts (Kerala) Ltd. || [[Thiruvananthapuram]] ||Tourism|| |
||
|- |
|- |
||
|90|| |
|90||Traco Cable Company Ltd. || [[Kochi]] ||Electrical equipment|| |
||
|- |
|- |
||
|91|| |
|91||[[Transformers and Electricals Kerala Limited]] || [[Kochi]] ||Electrical equipment|| |
||
|- |
|- |
||
|92||[[ |
|92||[[Travancore Cochin Chemicals|Tranvancore Cochin Chemicals Ltd.]] || [[Kochi]] ||Chemical industries|| |
||
|- |
|- |
||
|93|| |
|93||Travancore Cements Ltd. || Nattakom [[Kottayam]] ||Chemical industries|| |
||
|- |
|- |
||
|94||Travancore |
|94||Travancore Plywood Industries Ltd. || [[Punalur]] ||Wood based industry||Closed down |
||
|- |
|- |
||
|95||Travancore |
|95||Travancore Sugars & Chemicals Ltd. || [[Thiruvalla]] ||Chemical industries|| |
||
|- |
|- |
||
|96||Travancore |
|96|| [[Travancore Titanium Products|Travancore Titanium Products Ltd.]] || [[Thiruvananthapuram]] ||[[Chemical industries]]|| |
||
|- |
|- |
||
|97|| [[ |
|97|| [[Trivandrum Rubber Works|Trivandrum Rubber Works Ltd.]] || [[Thiruvananthapuram]] ||Agro based||Liquidated |
||
|- |
|- |
||
|98|| |
|98||Trivandrum Spinning Mills Ltd. || [[Thiruvananthapuram]] ||Textiles||Closed down |
||
|- |
|- |
||
|99|| |
|99||[[Tourist Resorts (Kerala)|Tourist Resorts]]Ltd. || [[Thiruvananthapuram]] ||Infrastructure & Development|| |
||
|- |
|- |
||
|100||[[United Electrical Industries Limited|United Electrical Industries Ltd.]] || [[Kollam]]||Electrical equipment||. |
|||
|100||[[Tourist Resorts (Kerala)|Tourist Resorts]]Ltd. || [[Thiruvananthapuram]] ||Infrastructure & Development|| |
|||
|- |
|- |
||
|101||[ |
|101||[http://tcsmltd.co.in The Trichur Co-operative Spinning Mills Ltd]|| [[Thrissur]]|| Textiles || |
||
|- |
|||
|102||[http://tcsmltd.co.in The Trichur Co-operative Spinning Mills Ltd]|| [[Thrissur]]|| Textiles || |
|||
|- |
|- |
||
Line 260: | Line 237: | ||
==List of state PSUs in Kerala under joint ownership with Central Government== |
==List of state PSUs in Kerala under joint ownership with Central Government== |
||
{| class="sortable wikitable |
{| class="sortable wikitable" |
||
|+ |
|+ |
||
!Sl. No || Company || HQ Location || Sector || Remarks |
!Sl. No || Company || HQ Location || Sector || Remarks |
||
|- |
|- |
||
|1|| Handicrafts Development Corporation of Kerala Limited || [[Thiruvananthapuram]] || Traditional industry || |
|1|| Handicrafts Development Corporation of Kerala Limited || [[Thiruvananthapuram]] || Traditional industry || |
||
|- |
|- |
||
|2|| Kerala Agro Industries Corporation Limited || [[Thiruvananthapuram]] || Agro based || |
|2|| Kerala Agro Industries Corporation Limited || [[Thiruvananthapuram]] || Agro based || |
||
|- |
|- |
||
|3|| Kerala Forest Development Corporation Limited|| [[Kottayam]] || Agro based || |
|3|| Kerala Forest Development Corporation Limited|| [[Kottayam]] || Agro based || |
||
|- |
|- |
||
|4||Kerala Khadi & Village Industries Board|| [[Thiruvananthapuram]] ||Traditional industry|| |
|4||Kerala Khadi & Village Industries Board|| [[Thiruvananthapuram]] ||Traditional industry|| |
||
|- |
|- |
||
|5|| [[Kerala State Road Transport Corporation]] || [[Thiruvananthapuram]] ||[[Public utilities]]|| |
|5|| [[Kerala State Road Transport Corporation]] || [[Thiruvananthapuram]] ||[[Public utilities]]|| |
||
|- |
|- |
||
|6||Kerala State Warehousing Corporation|| [[Kochi]] ||Agro based|| |
|6||Kerala State Warehousing Corporation|| [[Kochi]] ||Agro based|| |
||
|- |
|- |
||
|7||Kerala State Women's Development Corporation Limited. || [[Thiruvananthapuram]] ||Welfare|| |
|7||Kerala State Women's Development Corporation Limited. || [[Thiruvananthapuram]] ||Welfare|| |
||
|- |
|- |
||
|8||Kerala State Wood Industries Ltd. || [[Malappuram]] ||Wood based industry|| |
|8||Kerala State Wood Industries Ltd. || [[Malappuram]] ||Wood based industry|| |
||
|- |
|- |
||
|9||Oil Palm India Ltd. || [[Kottayam]] ||Agro based|| |
|9||Oil Palm India Ltd. || [[Kottayam]] ||Agro based|| |
||
|- |
|- |
||
|10||[[Punalur#The Rehabilitation Plantations Ltd|Rehabilitation Plantations Limited]]|| [[Punalur]]||Labour & Rehabilitation|| |
|10||[[Punalur#The Rehabilitation Plantations Ltd|Rehabilitation Plantations Limited]]|| [[Punalur]]||Labour & Rehabilitation|| |
||
|- |
|- |
||
|11||Kerala Land Development Corporation Limited|| [[Thiruvananthapuram]] || Developmental & Infrastructure|| |
|11||Kerala Land Development Corporation Limited|| [[Thiruvananthapuram]] || Developmental & Infrastructure|| |
||
|- |
|- |
||
|12||[[Kochi Metro Rail Limited]]||[[Kochi]]||[[Rapid transit|Metro rail]]|| |
|12||[[Kochi Metro Rail Limited]]||[[Kochi]]||[[Rapid transit|Metro rail]]|| |
||
|} |
|} |
||
==See also== |
|||
* [[List of Central government establishments in Kerala]] |
|||
==References== |
==References== |
||
{{reflist}} |
{{reflist}} |
||
{{Kerala}} |
|||
{{Kerala topics}} |
|||
{{State agencies of Kerala}} |
|||
{{Public Sector Undertakings in Kerala}} |
|||
{{Authority control}} |
{{Authority control}} |
||
Latest revision as of 07:37, 15 November 2024
Public sector undertakings in Kerala are of two types, public sector units in which majority shares are owned by Union Government and public sector units in which majority shares are owned by State Government. Public sector undertakings in Kerala,[1][2] i.e. enterprises in which majority shareholder is Government of Kerala are generally divided into Manufacturing & Non-Manufacturing. Some of the PSUs such as Kinfra, KSIDC, SIDCO etc. are promotional agencies.[3] As of 2004 there were 104 enterprises spread over 14 different sectors of Kerala economy. These sectors are as varied as engineering, electronics to wood products & welfare agencies. Eleven units are joint venture of Kerala government with the central government. Most of state PSUs units are under Department of Industries & Commerce (85 enterprises).
The largest enterprises[4] (Based on 2005 figures)
In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for privatisation.[5] As per CAG report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency. It showed an incurred loss of ₹589 crore. Losses in PSUs were attributed to poor financial management, planning, implementation of projects, running of operations and monitoring.[6] In 2012–13, out of the 78 PSUs which had finalised their accounts during that fiscal year, 45 PSUs earned a total profit of ₹666.86 crore and 31 PSUs incurred loss of ₹607.34 crore, as per CAG report. Kerala State Beverages Corporation was the most profit making PSU, while the Kerala State Electricity Board incurred an operational loss of ₹3,758.17 crore.[7]
In a 2016 study, Kochi-based think tank Centre for Public Policy and Research stated that Kerala government should take a cue from the disinvestment process initiated at the Centre and initiate it at the State level, as Kerala has the case of large number of PSUs in the state that were closed, as they were not able to withstand the competition in the market.[8] During the fiscal year 2016-2017, PSUs in Kerala incurred a net loss of ₹80.67 crore. According to Kerala's state industrial department, the PSUs had a combined net profit of ₹106.91 crore in 2017-2018; there were total 42 PSUs.[9] In 2018–19, 17 PSUs had registered operational profit, according to the state industrial department.[10] For the fiscal year 2020-21, the annual review report by the Bureau of Public Enterprises calculated a total net loss of ₹6,055.47 crore from public enterprises in the state. Among these, 63 enterprises were loss-making, while 50 managed to make a profit. Top 10 loss-making enterprises together contributed to 95.39 percent of the total losses. KSRTC topped with a loss of ₹1,976.03 crore which was 30.08% of the total loss, KSEB came second with a loss of ₹1,822.35 crore, representing 27.74% of the total loss, and Kerala State Beverages Corporation came third with a loss of ₹1,608.17 crore, accounting 24.48 percent of total loss.[11]
List of state PSUs in Kerala
[edit]Sl. No | Company | HQ Location | Sector | Remarks |
---|---|---|---|---|
1 | Astral Watches Limited, Kowdiar | Thiruvananthapuram | Engineering | Defunct[12] |
2 | Autokast Limited | Cherthala | Engineering | |
3 | Bekal Resorts Development Corporation Ltd., | Thiruvananthapuram | Tourism | |
4 | Foam Mattings (India) Limited | Alappuzha | Traditional industry | |
5 | Forest Industries (Travancore) Limited, | Kochi | Wood based industry | |
6 | Handicrafts Development Corporation of Kerala Ltd | Thiruvananthapuram | Traditional industry | |
7 | InfoPark, Kochi | Kochi | Information Technology | |
8 | Kerala Agro Industries Corporation Limited | Thiruvananthapuram | Agro based | |
9 | Kerala Agro Machinery Corporation Ltd., | Kochi | Engineering | |
10 | Kerala Artisans' Development Corporation Ltd., | Thiruvananthapuram | Welfare | |
11 | Kerala Automobiles Limited | Thiruvananthapuram | Engineering | |
12 | The Kerala Ceramics Limited | Kundara | Ceramics & Refractories | |
13 | Kerala Clays and Ceramic Products Limited | Kannur | Ceramics & Refractories | |
14 | Kerala Construction Components Limited | Cherthala | Ceramics & Refractories | Closed down |
15 | Kerala Electrical and Allied Engineering Company Ltd. | Kochi | Electrical equipment | |
16 | Kerala Feeds Limited | Thrissur | Cattle Feed | |
17 | Kerala Garments Limited | Kannur | Textiles | Closed down |
18 | Kerala Hitech Industries Limited | Thiruvananthapuram | Engineering | |
19 | Kerala Industrial Infrastructure Development Corporation (KINFRA) | Thiruvananthapuram | Developmental & Infrastructure | |
20 | Kerala Khadi & Village Industries Board | Thiruvananthapuram | Traditional industry | |
21 | Kerala Land Development Corporation Limited | Thiruvananthapuram | Developmental & Infrastructure | |
22 | Kerala Medical Services, Corporation | Thiruvananthapuram | ||
23 | Kerala Minerals and Metals Ltd. | Kollam | Chemical industries | |
24 | Kerala Police Housing and Construction Corporation Limited | Thiruvananthapuram | Developmental & Infrastructure | |
25 | Kerala Premo Pipe Factory | Chavara | Unit closed down | |
26 | Kerala Shipping & Inland Navigation Corporation Ltd. | Kochi | Public utilities | |
27 | Kerala Small Industries Development Corporation Ltd., (SIDCO) | Thiruvananthapuram | Developmental & Infrastructure | |
28 | Kerala Soaps & Oils Ltd. (Not to be confused with Kerala Soaps Unit) | Kozhikode | Chemical industries | Liquidated |
29 | Kerala Solvent Extractions Ltd | Thrissur | Agro based | |
30 | The Kerala State Bamboo Corporation Ltd | Thiruvananthapuram | Agro based | |
31 | Kerala State Beverages Corporation. | Thiruvananthapuram | Trading unit | |
32 | Kerala State Cashew Development Corporation Ltd. | Kollam | Agro based | |
33 | Kerala State Civil Supplies Corporation Ltd. | Kochi | Trading unit | |
34 | Kerala State Coconut Development Corporation Ltd. | Attingal | Agro based | Under liquidation |
35 | Kerala State Coir Corporation Ltd. | Alappuzha | Agro based | |
36 | Kerala State Construction Corporation Ltd. | Kochi | Engineering | |
37 | Kerala State Co-operative Federation for Fisheries Development Ltd., Matsyafed | Thiruvananthapuram | Fisheries | |
38 | Kerala State Detergents and Chemicals Ltd. | Kuttipuram | Chemical industries | Closed down |
39 | Kerala State Cooperative Textile Federation Ltd. | Thiruvananthapuram | Textile | |
40 | Kerala State Development Corporation for Christian Converts from Scheduled Castes and the Recommended Communities | Kottayam | Financing, Marketing, Education | |
41 | Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd. | Thrissur | Welfare | |
42 | Kerala State Drugs and Pharmaceuticals Limited | Alappuzha | Chemical industries | |
43 | Kerala State Electricity Board | Thiruvananthapuram | Public utilities | |
44 | Kerala State Electronics Development Corporation Ltd., (KELTRON), | Thiruvananthapuram | Electronics | |
45 | Kerala State Film Development Corporation Ltd. | Thiruvananthapuram | Developmental & Infrastructure | |
46 | Kerala State Financial Enterprises Ltd. | Thrissur | Developmental & Infrastructure | |
47 | Kerala State Handicapped Persons Welfare Corporation Ltd. | Thiruvananthapuram | Welfare | |
48 | Kerala State Handloom Development Corporation Ltd. | Kannur | Traditional industries | |
49 | Kerala State Horticultural Products Development Corporation Ltd., (Horticrop) | Thiruvananthapuram | Agro based | |
50 | Kerala State Housing Board | Thiruvananthapuram | Public utilities | |
51 | Kerala State Industrial Development Corporation Ltd. | Thiruvananthapuram | Development & Infrastructure | |
52 | Kerala State Industrial Enterprises Ltd | Thiruvananthapuram | Development & Infrastructure | |
53 | Kerala State Industrial Products Trading Corporation Ltd. | Thiruvananthapuram | Trading units | |
54 | Kerala State Maritime Development Corporation Ltd. | Kochi | Public utilities | |
55 | Kerala State Poultry Development Corporation Ltd. | Thiruvananthapuram | Agro based | |
56 | Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd., (KELPAM) | Thiruvananthapuram | Welfare | |
57 | Kerala State Road Transport Corporation | Thiruvananthapuram | Public utilities | |
58 | Kerala State Rural Women's Electronics Industrial Co-operative Federation Ltd-RUTRONIX | Thiruvananthapuram | Electronic /IT Training | |
59 | Kerala State Salicylates & Chemicals Ltd. | Thiruvananthapuram | Chemical industries | Closed down |
60 | Kerala State Textile Corporation Ltd. | Thiruvananthapuram | Textiles | |
61 | Kerala State Warehousing Corporation | Kochi | Agro based | |
62 | Kerala State Women's Development Corporation Ltd. | Thiruvananthapuram | Welfare | |
63 | Kerala State Wood Industries Ltd. | Malappuram | Wood based industry | |
64 | Kerala Tourism Development Corporation Ltd. | Thiruvananthapuram | Tourism | |
65 | Kerala Urban and Rural Development Finance Corporation Ltd. | Thiruvananthapuram | Development & Infrastructure | |
66 | Kerala Water Authority | Thiruvananthapuram | Public utilities | |
67 | LBS Institute of Technology for Women | Thiruvananthapuram | Engineering Education | |
68 | Malabar Cements Limited | Palakkad | Chemical industries | |
69 | Malabar Co-operative Textiles Ltd. (MALCOTEX) | Malappuram | Textiles | |
70 | Meat Products of India Ltd. | Kochi | Agro based | |
71 | Oil Palm India Ltd. | Kottayam | Agro based | |
72 | Overseas Development and Employment Promotion Consultants Ltd. | Thiruvananthapuram | Labour & Rehabilitation | |
73 | Rehabilitation Plantations Ltd | Punalur | Labour & Rehabilitation | |
74 | Roads and Bridges Development Corporation of Kerala Ltd. | Kochi | Public works | |
75 | Scooters Kerala Ltd. | Alappuzha | Engineering | Closed down |
76 | Sideco Mohan Kerala Ltd. | Thrissur | Unit closed down | |
77 | Sidkel Televisions Ltd. | Thiruvananthapuram | electronics | Unit closed down |
78 | Sitaram Spinning and Weaving Mills | Thrissur | Textiles | |
79 | State Farming Corporation of Kerala Ltd. | Punalur | Agro | |
80 | State Rural Development Board | Thiruvananthapuram | Development & Infrastructure | Unit closed down |
81 | Steel Complex Ltd. | Kozhikode | Engineering | |
82 | Steel and Industrial Forgings Ltd | Thrissur | Engineering | |
83 | Technopark, Trivandrum | Thiruvananthapuram | Development & Infrastructure, Information Technology | |
84 | The Metal Industries Ltd. | Palakkad | Engineering | |
85 | The Metropolitan Engineering Company Ltd. | Thiruvananthapuram | Electrical equipment | Unit closed |
86 | The Pharmaceutical Corporation (IM) Kerala Ltd., (Oushadhi) | Thrissur | Chemical industries | |
87 | The Plantation Corporation of Kerala Ltd. | Kottayam | Agro based | |
88 | The Priyadarshini Co-operative Spinning Mills Ltd. | Kottayam | Textiles | |
89 | Tourist Resorts (Kerala) Ltd. | Thiruvananthapuram | Tourism | |
90 | Traco Cable Company Ltd. | Kochi | Electrical equipment | |
91 | Transformers and Electricals Kerala Limited | Kochi | Electrical equipment | |
92 | Tranvancore Cochin Chemicals Ltd. | Kochi | Chemical industries | |
93 | Travancore Cements Ltd. | Nattakom Kottayam | Chemical industries | |
94 | Travancore Plywood Industries Ltd. | Punalur | Wood based industry | Closed down |
95 | Travancore Sugars & Chemicals Ltd. | Thiruvalla | Chemical industries | |
96 | Travancore Titanium Products Ltd. | Thiruvananthapuram | Chemical industries | |
97 | Trivandrum Rubber Works Ltd. | Thiruvananthapuram | Agro based | Liquidated |
98 | Trivandrum Spinning Mills Ltd. | Thiruvananthapuram | Textiles | Closed down |
99 | Tourist ResortsLtd. | Thiruvananthapuram | Infrastructure & Development | |
100 | United Electrical Industries Ltd. | Kollam | Electrical equipment | . |
101 | The Trichur Co-operative Spinning Mills Ltd | Thrissur | Textiles |
List of state PSUs in Kerala under joint ownership with Central Government
[edit]Sl. No | Company | HQ Location | Sector | Remarks |
---|---|---|---|---|
1 | Handicrafts Development Corporation of Kerala Limited | Thiruvananthapuram | Traditional industry | |
2 | Kerala Agro Industries Corporation Limited | Thiruvananthapuram | Agro based | |
3 | Kerala Forest Development Corporation Limited | Kottayam | Agro based | |
4 | Kerala Khadi & Village Industries Board | Thiruvananthapuram | Traditional industry | |
5 | Kerala State Road Transport Corporation | Thiruvananthapuram | Public utilities | |
6 | Kerala State Warehousing Corporation | Kochi | Agro based | |
7 | Kerala State Women's Development Corporation Limited. | Thiruvananthapuram | Welfare | |
8 | Kerala State Wood Industries Ltd. | Malappuram | Wood based industry | |
9 | Oil Palm India Ltd. | Kottayam | Agro based | |
10 | Rehabilitation Plantations Limited | Punalur | Labour & Rehabilitation | |
11 | Kerala Land Development Corporation Limited | Thiruvananthapuram | Developmental & Infrastructure | |
12 | Kochi Metro Rail Limited | Kochi | Metro rail |
See also
[edit]References
[edit]- ^ [1] Archived 18 May 2006 at the Wayback Machine
- ^ "Home". Kerala Bureau of Industrial Promotion (K-bip).
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 28 September 2010. Retrieved 17 June 2010.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ A REVIEW OF PUBLIC ENTERPRISES IN KERALA 2004–2005, Bureau of Public Enterprises, Government of Kerala
- ^ Mishra, R. K.; Navin, Bulusu (2002). Restructuring Public Enterprises in India: Privatisation and Disinvestment. Mittal Publications. ISBN 978-81-7099-871-6.
- ^ "Kerala public sector units lack accountability: CAG".
- ^ "45 PSUs in Kerala clocked profit in 2012–13: CAG report".
- ^ Kumar, V Sajeev (30 June 2016). "Call to divest from loss-making PSUs". The Hindu Business Line. Retrieved 2 October 2017.
- ^ P. S. Gopikrishnan Unnithan (27 May 2018). "From Rs 131.6 crore net loss, Kerala's PSUs post Rs 106.91 crore net profit in 2 years". India Today.
- ^ "17 PSUs in Kerala register operational profit as 13 clock net profit". The New Indian Express.
- ^ Vidyanandan, M. S. (15 March 2022). "10 Kerala entities contribute to PSUs' 95% loss". The New Indian Express. Retrieved 14 October 2023.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 21 July 2011. Retrieved 17 June 2010.
{{cite web}}
: CS1 maint: archived copy as title (link)