Public Sector Undertakings (PSUs) in Kerala

Since they operate without a primary focus on profit, public sector undertakings often emerge as saviors of the economy during times of crisis. The government controls the operations of these public sector undertakings, enabling it to intervene—both directly and indirectly—with social and economic objectives. Even as the private sector expands significantly, public sector undertakings continue to play a vital role in Kerala's economy. Public sector undertakings in Kerala fall into two categories: those where the Union Government holds the majority share and those where the State Government holds the majority share. According to recent reports by the Comptroller and Auditor General of India (CAG), Kerala has 130 state government PSUs, comprising 115 functional and 15 non-functional enterprises. Four of them are statutory corporations. Eleven units in Kerala are joint ventures between the State Government and the Central Government. Major public sector undertakings in Kerala include KSRTC, KSEB, Kerala Water Authority, Kerala State Beverages Corporation, Kerala State Financial Enterprises Ltd., The Kerala State Cashew Development Corporation Limited, Kerala State Housing Board, Kerala Tourism Development Corporation, Kerala State Civil Supplies Corporation Limited, and Kerala Minerals and Metals Ltd. 52 public sector undertakings operate under the Kerala Government's Department of Industries and Commerce and the remaining PSUs under various administrative departments. The PSUs in Kerala are working as manufacturing and non-manufacturing domains. The manufacturing sectors include agro-based industries, automobiles, chemicals, electricals, electronics, textiles, ceramics, wood, coir, distilleries, and steel. The non-manufacturing sectors comprise traditional industries, trading and consultancy, and infrastructure development.

The presence of large number of State and Central public sector units working with strong support of state government is one of the unique features of Kerala’s industrial landscape. The State public sector units are engaged in diverse areas of manufacturing, including chemicals, engineering, electrical machinery, IT and electronics. PSUs like Travancore Cochin Chemicals (TCC) (caustic soda) nand Keltron (electronics) have been pioneers in the country in their respective fields of production. The State Government is actively involved in the steps to improve the performance of public sector units. A major highlight of the PSUs is the improved performance of manufacturing sector in Kerala since 2016-17 has been the turnaround in the performance of some of these PSUs, engaged mainly in the production of chemicals and electrical machinery.

Public Sector Undertakings in Kerala

Chemical Sector

■ Kerala Minerals and Metals Ltd (KMML)

■ Kerala State Drugs and Pharmaceuticals Ltd (KSDP)

■ Travancore Titanium Products Ltd (TTP)

■ Kerala State Minerals Development Corporation Ltd (KEMDEL)

■ Travancore Cements Ltd (TCL)

■ Travancore Cochin Chemicals Ltd (TCC)

■ Malabar Cements Ltd (MCL)

■ Kerala Paper Products Ltd (KPPL)

■ Malabar Distilleries Ltd

■ Travancore Sugars and Chemicals Limited

Electrical Equipment

■ Kerala Electrical & Allied Engineering Company Ltd

■ United Electrical Industries Ltd

■ Traco Cable Company Ltd

■ Transformers and Electricals Kerala Ltd

■ Kel Electrical Machines Ltd

Ceramic and Refractories

■ Kerala Clays and Ceramic Products Ltd (KCCPL)

■ The Kerala Ceramic Ltd (KCL)

Electronic Sector

■ Kerala State Electronic Development Corporation Ltd (Keltron)

■ Keltron Component Complex Ltd

■ Keltron Electro Ceramics Ltd

Development and Infrastructure

■ Kerala State Industrial Enterprise Ltd

■ Kerala Small Industries Development Corporation Limited (SIDCO)

■ Kerala State Industrial Development Corporation (KSIDC)

■ Kerala Industrial Infrastructure Development Corporation (KINFRA)

■ Kerala Irrigation Infrastructure Development Corporation Limited

■ Kerala Industrial and Technical Consultancy Organization (Kitco) Ltd

■ Kerala Police Housing and Construction Corporation Limited

■ Kerala Rice Limited

■ Kerala State Film Development Corporation Ltd (KSFDC)

■ Kerala State Financial Enterprises Ltd

■ Kerala State Information Technology Infrastructure Ltd. (KITFRA)

■ Kerala State Power and Infrastructure Finance Corporation Limited (KSPIFC Ltd.)

■ Kerala Transport Development Finance Corporation Ltd

■ Kerala Urban and Rural Development Finance Corporation Ltd. (KURDFC)

■ Kochi Water Metro Limited (KWML)

■ KSRTC-Swift Ltd

■ Malabar International Port and Sez Ltd

■ Roads and Bridges Development Corporation of Kerala Limited

■ Vizhinjam International Seaport Ltd

Engineering and Manufacturing

■ The Metal Industries Ltd

■ Steel Industrials Kerala Ltd

■ Kerala Automobiles Ltd

■ Steel and Industrial Forgings Ltd

■ Autokast Ltd

■ SAIL-SCL Kerala Ltd

■ Kerala Agro Machinery Corporation Ltd

■ Kerala State Construction Corporation Limited

■ Kerala State Coir Machinery Manufacturing Company Limited (KSCMMC)

Textiles

■ Kerala State Textile Corporation Ltd (KSTC)

■ Kerala State Co-Operative Textile Federation Ltd (TEXFED)

■ Sitaram Spinning and Weaving Mills

■ Trivandrum Spinning Mills Ltd

Handloom Industry

■ Kerala State Handloom Development Corporation Ltd (HANVEEV)

■ Kerala State Handloom Weavers Co-Operative Society Ltd (HANTEX)

Handicraft Industry

■ Kerala Artisans Development Corporation Ltd

Traditional and Wood Based

■ Kerala State Palmyrah Product Development And Workers Welfare Corporation Ltd (KELPALM)

■ The Kerala State Bamboo Corporation Ltd

■ Forest Industries (Travancore) Ltd

■ Kerala Karshaka Sahakaran Federation Ltd (Kerafed)

■ Foam Mattings (India) Limited

Coir and Cashew

■ Kerala State Cashew Development Corporation Ltd

■ Capex 

■ Coirfed

■ Kerala State Coir Corporation Ltd

■ Kerala State Coir Machinery Manufacturing Company Ltd

■ Kerala Cashew Board Ltd

Plantation / Agro based units

■ Aralam Farming Corporation Kerala Limited

■ Kerala Feeds Limited

■ Kerala Livestock Development Board Ltd

■ Kerala State Bamboo Corporation Ltd

■ Kerala State Coconut Development Corporation Ltd

■ Kerala State Poultry Development Corporation Ltd

■ Meat Products of India Ltd

■ Plantation Corporation of Kerala Limited

■ State Farming Corporation of Kerala Ltd

■ State Medicinal Plants Board (SMPB)

■ Kerala State Horticultural Products Development Corporation Limited

Tourism

■ Bekal Resorts Development Corporation Limited

■ Kerala Tourism Development Corporation Ltd

■ Kerala Tourism Infrastructure Limited (KTIL)

Finance

■ Kerala Financial Corporation

■ Kerala Road Fund Board

Trading units

■ Kerala State Civil Supplies Corporation

■ Kerala State Beverages (Manufacturing & Marketing) Corporation Limited

■ Kerala Medical Services Corporation Limited

■ Kerala State Industrial Products Trading Corporation Ltd.

Public Utilities

■ Kerala State Maritime Development Corporation Limited

■ Kerala Shipping and Inland Navigation Corporation Limited

■ Kerala State Electricity Board

■ Kerala State Road Transport Corporation Ltd

■ Kerala Water Authority

■ Kerala State Housing Board

Welfare Agencies

■ Kerala State Backward Classes Development Corporation Ltd

■ Kerala State Development Corporation for Christian Converts From Scheduled Castes and The Recommended Communities Ltd

■ Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Ltd

■ Kerala State Ex-Servicemen Development and Rehabilitation Corporation (Kexcon)

■ Kerala State Handicapped Persons Welfare Corporation Ltd

■ Kerala State Palmyrah Products Development and Workers Welfare Corporation Ltd. (KELPALM)

■ Kerala State Welfare Corporation for Forward Communities Ltd,(Samunnathi)

■ Kerala School Teachers and Non Teaching Staff Welfare Corporation Limited

■ Kerala State Women's Development Corporation Limited

■ Kerala State Coastal Area Development Corporation Limited

Information Technology

■ Technopark

■ InfoPark

Others

■ Indian Institute of Infrastructure and Construction

■ Indian Institute of Information Technology and Management

■ Kerala State Minorities Development Finance Corporation Limited

■ Vazhakulam Agro and Fruit Processing Company Limited

■ Kerala Academy for Skills Excellence

■ Overseas Development and Employment Promotion Consultants Ltd. (ODEPC)

■ Vision Varkala Infrastructure Development Corporation Limited

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

■ Handicrafts Development Corporation of Kerala Ltd

■ Kerala Agro Industries Corporation Ltd

■ Kerala Forest Development Corporation Ltd. (Kfdc Ltd.)

■ Kerala Khadi and Village Industries Board

■ Kerala State Road Transport Corporation Ltd

■ Kerala State Warehousing Corporation

■ Kerala State Women's Development Corporation Ltd

■ Oil Palm India Ltd

■ Rehabilitation Plantations Limited

■ Kerala Land Development Corporation Limited

■ Kochi Metro Rail Limited (KMRL)