Public sector undertakings in Kerala

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Districts of Kerala Districts of Kerala.png
Districts of Kerala

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).

Contents

The largest enterprises [4] (Based on 2005 figures)

RankBased on capital investmentBased on turnoverBased on profitabilityBased on employment
1 Kerala State Electricity Board Kerala State Electricity Board Kerala State Electricity Board Kerala State Road Transport Corporation Kerala State Road Transport Corporation
2 Kerala Water Authority Kerala State Beverages Corporation. Kerala State Financial Enterprises Ltd. The Kerala State Cashew Development Corporation Limited Kerala Water Authority.
3 Kerala State Housing Board Kerala State Road Transport Corporation. Kerala Minerals and Metals Ltd. Kerala State Housing Board Kerala State Civil Supplies Corporation Limited

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

Sl. NoCompanyHQ LocationSectorRemarks
1Astral Watches Limited, Kowdiar Thiruvananthapuram EngineeringDefunct [12]
2Autokast Limited Cherthala Engineering
3Bekal Resorts Development Corporation Ltd., Thiruvananthapuram Tourism
4Foam Mattings (India) Limited Alappuzha Traditional industry
5Forest Industries (Travancore) Limited, Kochi Wood based industry
6Handicrafts Development Corporation of Kerala Ltd Thiruvananthapuram Traditional industry
7 InfoPark, Kochi Kochi Information Technology
8Kerala Agro Industries Corporation Limited Thiruvananthapuram Agro based
9Kerala Agro Machinery Corporation Ltd., Kochi Engineering
10Kerala Artisans' Development Corporation Ltd., Thiruvananthapuram Welfare
11 Kerala Automobiles Limited Thiruvananthapuram Engineering
12The Kerala Ceramics Limited Kundara Ceramics & Refractories
13Kerala Clays and Ceramic Products Limited Kannur Ceramics & Refractories
14Kerala Construction Components Limited Cherthala Ceramics & RefractoriesClosed down
15 Kerala Electrical and Allied Engineering Company Ltd. Kochi Electrical equipment
16Kerala Feeds Limited Thrissur Cattle Feed
17Kerala Garments Limited Kannur TextilesClosed 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
21Kerala Land Development Corporation Limited Thiruvananthapuram Developmental & Infrastructure
22Kerala Medical Services, Corporation Thiruvananthapuram
23 Kerala Minerals and Metals Ltd. Kollam Chemical industries
24Kerala Police Housing and Construction Corporation Limited Thiruvananthapuram Developmental & Infrastructure
25Kerala Premo Pipe Factory Chavara Unit closed down
26 Kerala Shipping & Inland Navigation Corporation Ltd. Kochi Public utilities
27Kerala Small Industries Development Corporation Ltd., (SIDCO) Thiruvananthapuram Developmental & Infrastructure
28Kerala Soaps & Oils Ltd. (Not to be confused with Kerala Soaps Unit) Kozhikode Chemical industriesLiquidated
29 Kerala Solvent Extractions Ltd Thrissur Agro based
30The 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
34Kerala State Coconut Development Corporation Ltd. Attingal Agro basedUnder liquidation
35Kerala State Coir Corporation Ltd. Alappuzha Agro based
36Kerala State Construction Corporation Ltd. Kochi Engineering
37 Kerala State Co-operative Federation for Fisheries Development Ltd., Matsyafed Thiruvananthapuram Fisheries
38Kerala State Detergents and Chemicals Ltd. Kuttipuram Chemical industriesClosed 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
41Kerala 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
45Kerala State Film Development Corporation Ltd. Thiruvananthapuram Developmental & Infrastructure
46 Kerala State Financial Enterprises Ltd. Thrissur Developmental & Infrastructure
47Kerala State Handicapped Persons Welfare Corporation Ltd. Thiruvananthapuram Welfare
48Kerala State Handloom Development Corporation Ltd. Kannur Traditional industries
49Kerala 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
52Kerala State Industrial Enterprises Ltd Thiruvananthapuram Development & Infrastructure
53Kerala State Industrial Products Trading Corporation Ltd. Thiruvananthapuram Trading units
54Kerala State Maritime Development Corporation Ltd. Kochi Public utilities
55Kerala State Poultry Development Corporation Ltd. Thiruvananthapuram Agro based
56Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd., (KELPAM) Thiruvananthapuram Welfare
57 Kerala State Road Transport Corporation Thiruvananthapuram Public utilities
58Kerala State Rural Women's Electronics Industrial Co-operative Federation Ltd-RUTRONIX Thiruvananthapuram Electronic /IT Training
59Kerala State Salicylates & Chemicals Ltd. Thiruvananthapuram Chemical industriesClosed down
60Kerala State Textile Corporation Ltd. Thiruvananthapuram Textiles
61Kerala State Warehousing Corporation Kochi Agro based
62Kerala State Women's Development Corporation Ltd. Thiruvananthapuram Welfare
63Kerala State Wood Industries Ltd. Malappuram Wood based industry
64 Kerala Tourism Development Corporation Ltd. Thiruvananthapuram Tourism
65Kerala 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
69Malabar Co-operative Textiles Ltd. (MALCOTEX) Malappuram Textiles
70 Meat Products of India Ltd. Kochi Agro based
71Oil Palm India Ltd. Kottayam Agro based
72Overseas Development and Employment Promotion Consultants Ltd. Thiruvananthapuram Labour & Rehabilitation
73 Rehabilitation Plantations Ltd Punalur Labour & Rehabilitation
74Roads and Bridges Development Corporation of Kerala Ltd. Kochi Public works
75Scooters Kerala Ltd. Alappuzha EngineeringClosed down
76Sideco Mohan Kerala Ltd. Thrissur Unit closed down
77Sidkel Televisions Ltd. Thiruvananthapuram electronicsUnit closed down
78 Sitaram Spinning and Weaving Mills Thrissur Textiles
79State Farming Corporation of Kerala Ltd. Punalur Agro
80State Rural Development Board Thiruvananthapuram Development & InfrastructureUnit closed down
81Steel Complex Ltd. Kozhikode Engineering
82 Steel and Industrial Forgings Ltd Thrissur Engineering
83 Technopark, Trivandrum Thiruvananthapuram Development & Infrastructure, Information Technology
84The Metal Industries Ltd. Palakkad Engineering
85The Metropolitan Engineering Company Ltd. Thiruvananthapuram Electrical equipmentUnit closed
86 The Pharmaceutical Corporation (IM) Kerala Ltd., (Oushadhi) Thrissur Chemical industries
87The Plantation Corporation of Kerala Ltd. Kottayam Agro based
88The Priyadarshini Co-operative Spinning Mills Ltd. Kottayam Textiles
89Tourist Resorts (Kerala) Ltd. Thiruvananthapuram Tourism
90Traco Cable Company Ltd. Kochi Electrical equipment
91 Transformers and Electricals Kerala Limited Kochi Electrical equipment
92 Tranvancore Cochin Chemicals Ltd. Kochi Chemical industries
93Travancore Cements Ltd.Nattakom Kottayam Chemical industries
94Travancore Plywood Industries Ltd. Punalur Wood based industryClosed down
95Travancore Sugars & Chemicals Ltd. Thiruvalla Chemical industries
96 Travancore Titanium Products Ltd. Thiruvananthapuram Chemical industries
97 Trivandrum Rubber Works Ltd. Thiruvananthapuram Agro basedLiquidated
98Trivandrum Spinning Mills Ltd. Thiruvananthapuram TextilesClosed 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
102 Kerala Financial Corporation ThiruvananthapuramFinance

List of state PSUs in Kerala under joint ownership with Central Government

Sl. NoCompanyHQ LocationSectorRemarks
1Handicrafts Development Corporation of Kerala Limited Thiruvananthapuram Traditional industry
2Kerala Agro Industries Corporation Limited Thiruvananthapuram Agro based
3Kerala Forest Development Corporation Limited Kottayam Agro based
4Kerala Khadi & Village Industries Board Thiruvananthapuram Traditional industry
5 Kerala State Road Transport Corporation Thiruvananthapuram Public utilities
6Kerala State Warehousing Corporation Kochi Agro based
7Kerala State Women's Development Corporation Limited. Thiruvananthapuram Welfare
8Kerala State Wood Industries Ltd. Malappuram Wood based industry
9Oil Palm India Ltd. Kottayam Agro based
10 Rehabilitation Plantations Limited Punalur Labour & Rehabilitation
11Kerala Land Development Corporation Limited Thiruvananthapuram Developmental & Infrastructure
12 Kochi Metro Rail Limited Kochi Metro rail

See also

References

  1. ↑ Archived 18 May 2006 at the Wayback Machine
  2. ↑ "Home". Kerala Bureau of Industrial Promotion (K-bip).
  3. ↑ "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)
  4. ↑ A REVIEW OF PUBLIC ENTERPRISES IN KERALA 2004–2005, Bureau of Public Enterprises, Government of Kerala
  5. ↑ Mishra, R. K.; Navin, Bulusu (2002). Restructuring Public Enterprises in India: Privatisation and Disinvestment. Mittal Publications. ISBN   978-81-7099-871-6.
  6. ↑ "Kerala public sector units lack accountability: CAG".
  7. ↑ "45 PSUs in Kerala clocked profit in 2012–13: CAG report".
  8. ↑ Kumar, V Sajeev (30 June 2016). "Call to divest from loss-making PSUs". The Hindu Business Line. Retrieved 2 October 2017.
  9. ↑ 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.
  10. ↑ "17 PSUs in Kerala register operational profit as 13 clock net profit". The New Indian Express.
  11. ↑ Vidyanandan, M. S. (15 March 2022). "10 Kerala entities contribute to PSUs' 95% loss". The New Indian Express . Retrieved 14 October 2023.
  12. ↑ "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)
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