Public sector undertakings in 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).

Districts of Kerala

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

Rank Based on capital investment Based on turnover Based on profitability Based 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

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. ^ [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)