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Fig.3.2 Industry and Labour
Sector wise number of PSUs as on 31.3.2014

3.14 Public Sector Restructuring and Internal Audit Board (RIAB) constituted in 1993 executes
State Owned Enterprise Reform Initiatives. Performance planning and monitoring of PSUs, Enterprise
reconstruction, Capacity building / Recruitments in PSUs and Governance advisory support are the
major responsibilities.

Box No: 3.3
Major Initiatives in PSUs during 2013-14

• For ensuring transparency in purchases, e-procurement was introduced from August 2012
in PSUs for all purchases above `5 lakh. Purchase worth ` 920.15 crores were made
through e-procurement.

• E-payment was introduced as part of the e-procurement system.
• To co-ordinate all the activities of PSUs and Departments, a web based MIS portal was

launched by Keltron.
• For speedy and timely completion of audit and for ensuring transparency in accounting,

ERP system is being introduced in all PSUs.
• As part of Corporate Social Responsibility initiatives various social and welfare measures

for education, health, basic necessities like drinking water etc are being implemented by
Malabar Cements Ltd., Kerala Minerals and Metals Ltd, Transformers and Electricals Ker-
ala Ltd, Kerala State Industrial Development Corporation Ltd, Steel and Industrial Forgings
Ltd and Kerala State Industrial Enterprises Ltd.
• As part of the promotion of alternative sources of energy, solar power system has been
installed in six PSUs through KELTRON.
• KELTRON has bagged “Defence Technology Absorption” award in 2013 from the Defence
Department.

3.15 During 2013-14, 15 PSUs have registered profit and 29 registered loss. The performance trend
of PSUs during the last 5 years is given in Appendix 3.5. During 2014-15 (up to September 2014)
PSUs have recorded a turnover of `1294.67 crore and a net loss of `107.63 crore. During 2013-14,
PSUs have recorded a turnover of `2962.05 crore and a net loss of `38.81 crore. Details of PSU-

Economic Review 2014