Annual Performance Report 2007 - 2008

The Annual Performance Review of the Public Sector Units (PSUs) in Kerala under the Department of Industries & Commerce show that these Undertakings are on a comeback trail. Most of the State Level Pubic Sector Enterprises had a remarkable turnaround during the last fiscal and this year too, they have maintained that impetus. The Annual Performance Review Meet for the State Owned Enterprises was held on April 21, 2008 in Kochi. Shri Elamaram Kareem, Minister for Industries & Commerce, senior officials from the Department of Industries and PSUs were present for the review meet. The annual review of the PSUs’ performance was a great success as it enabled the government to set the goals for the future and also to create a synergy among various government companies.

The number of Profit making Units has gone up to 27 in the financial year 2007 – 2008. The corresponding figure in 2006 – 2007 was 23. There are 42 PSUs under the Department of Industries. Notably the number of Loss making Units has come down to 15, which was 19 last year. The 27 companies together made a profit of Rs.122.24 crore while the losses by the 15 companies amounted to Rs.41.93 crore. Malabar Cements Ltd has reported the highest profit of Rs.36 crore in this period.

The government had set a target of turning around 30 companies, but only 27 could make it. For the next fiscal, the effort would be to help 35 companies to turn in a profit. The government had spent Rs.48 crore on the PSUs — most of which was for paying dues to the employees who had left the companies on voluntary retirement schemes and for paying bank dues in one-time settlements. There were 18 companies that were no more operational while those which were operating in the same fields or those which were subsidiaries of the main companies would be amalgamated.

The State government’s policy of going in for tie-ups with Central PSUs was paying off. Some of these were SCL and SAIL, TELK and NTPC and Autokast and Indian Railways. The government was ready to go in for tie-ups with private companies who were ready to pump in big doses of capital into these PSUs. At a time when State PSUs across the country were sinking, the performance of Kerala’s Public Sector Undertakings has been significant.

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Half Yearly Performance Report 2007 - 2008

The Half Yearly Results for the Public Sector Units under the Department of Industries in Kerala show that the companies have continued to register growth this fiscal. Most of the State Level Pubic Sector Enterprises had an amazing turnaround during the last financial year and this year too, they have maintained that momentum.

The number of Profit making Units has gone up to 15 during the period April 2007 to September 2007 as against 13 during the same period last year. Notably the numbers of Loss making Units have come down to 24 from 27 during the corresponding period last year. Malabar Cements Ltd has reported the highest profit of Rs.1,647.43 lakhs in this period. Nine companies which were in red before have shown profits during the half yearly period, Kerala State Electronic Development Corporation being the best among them. Five PSUs have registered increase in Profits while eight units have registered decrease in Losses during April 2007 to September 2007.

Enterprises which were struggling hard for survival until last year have shown an unprecedented growth within a short period. It is unparalleled in the history of Kerala and became a true model even for the other states to emulate. Public Sector Units can compete with private sectors and are capable of delivering if employees are motivated, management is made professional and policies are proactive.

Performance Report.pdf

Annual Performance Report 2008 - 2009

The number of profit making Public Sector Undertakings under the Ministry of Industries & Commerce has gone up marginally to 28 in the financial year 2008-09. 13 of the 41 PSUs under the Department of Industries reported losses. The 28 companies together made a profit of Rs.166.77 crores with a turnover of Rs.2111.04 crores.  The Chavara based Kerala Minerals and Metals Ltd. (KMML) reported the highest record profit of Rs.70.84 crores in this period as against Rs.9 crores the previous year.

Ever since the LDF government came into power, there has been a steady increase in the number of profit making PSUs in the state. In the financial year 2007-08 there were 27 PSUs making profit while in 2006-07, this number was 23.

Details of PSUs 2008-09 (Profit/Loss)
	Chemicals
1	Kerala State Drugs & Pharmaceuticals Ltd.
2	Malabar Cements Ltd.
3	The Kerala Minerals and Metals Ltd.
4	The Travancore Cements Ltd.
5	Travancore Titanium Products Ltd.
6	Travancore Cochin Chemicals Ltd.
	Ceramics & Refractories
7	Kerala Clays & Ceramic Products Ltd.
8	The Kerala Ceramics Ltd.
	Development & Infrastructure
9	Kerala State Industrial Development Corporation
10	Kerala State Industrial Enterprises Ltd.
11	Kerala Small Industries Development Corporation Ltd.
	Electrical Equipments
12	Kerala Electrical & Allied Engineering Company Ltd.
13	Traco Cable Company Ltd.
14	Transformers and Electricals Kerala Ltd.
15	United Electrical Industries Ltd.
	Electronics
16	Keltron Component Complex Ltd.
17	Keltron Crystals Ltd.
18	Keltron Electro Ceramics Ltd.
19	Keltron Magnetics Ltd.
20	Keltron Resistors Ltd.
21	Kerala State Electronic Development Corporation Ltd.
	Engineering
22	Autokast Ltd.
23	Kerala Automobiles Ltd.
24	Steel and Industrial Forgings Ltd.
25	Steel Complex Ltd.
26	Steel Industrials Kerala Ltd.
27	The Metal Industries Ltd.
	Textiles
28	Alleppey Co-operative Spinning Mills
29	Kerala State Textile Corporation Ltd.
30	Sitaram Textiles Ltd.
31	The Cannannore Co-operative Spinning Mills Ltd.
32	The Malappuram Co-operative Spinning Mills Ltd.
33	The Quilon Co-operative Spinning Mills Ltd.
34	The Trichur Co-operative Spinning Mills Ltd.
	Traditional & Welfare
35	Handicrafts Development Corporation (Kerala) Ltd.
36	HANTEX
37	KELPALM
38	Kerala State Bamboo Corporation Ltd.
39	Kerala State Handloom Development Corporation Ltd.
40	Kerala Artisans Development Corporation Ltd.
	Wood & Agro based Units
41	Forest Industries (Travancore) Ltd.
	Loss Making Units