Thiruvananthapuram: The latest report by the Comptroller and Auditor General (CAG) reveals that Kerala’s public sector enterprises (PSEs) have doubled their overall profit, but some key entities continue to suffer heavy losses.
Among the profit-making enterprises, Kerala State Electricity Board Limited (KSEB) led the way with a record profit of Rs 736 crore, contributing 53.79% of the total sectoral profit. Kerala State Financial Enterprises (KSFE) also posted a profit of Rs 105 crore.
However, despite this growth, major public sector units like Kerala State Road Transport Corporation (KSRTC) and Supplyco remain in deep financial distress. The report noted that KSRTC and Supplyco together incurred losses of Rs 1,327 crore, highlighting the need for urgent financial reforms.
While the overall profit of public sector enterprises increased from Rs 654 crore to Rs 1,368 crore, the total loss across loss-making entities stood at Rs 1,873 crore, a significant reduction from Rs 4,065 crore in the previous year.
The CAG report also suggested closing non-functional public sector units and restructuring financially weak ones to improve efficiency and reduce losses.
