THIRUVANANTHAPURAM:The CAG audit report tabled in the Assembly revealed 65 PSUs incurred a cumulative loss of Rs 2,216 crore, while 45 PSUs earned a profit of Rs 328 crore in the state as on March 31, of which half is contributed by state-owned Bevco. Accountant General K P Anand told media persons the analysis of the latest finalised accounts of all working PSUs in the state revealed 45 PSUs earned profit of Rs 382.84 crore, 64 PSUs incurred loss of Rs 2,216.01 crore and two PSUs had no profit or loss.
Four working PSUs didn’t finalise their accounts. The CAG audit report found some glaring faults with the functioning of some of the government companies. The state government didn’t implement certain measures suggested by the Coir Commission to overcome problems in the coir sector and absence of reliable data prevented formulation of strategic approach for the coir and handloom sectors.
Though the state government provided administrative sanction to acquire 4,0887 acres Kerala Industrial Infrastructure Development Corporation didn’t acquire any land till December 2017 and the government dropped acquisition proceedings in respect of 1,320 acres as the land identified was either not in conformity with the Corporation’s selection criteria or with the Kerala Conservation of Paddy Land and Wetland Act, 2008.
Besides, the CAG report found irregularities in the land deal executed by the Corporation with the private firm Malabar Gold (P) Ltd in Malappuram.In KINFRA Techno Industrial Park at Kakkancheri, Malappuram, out of 72 acres, the Corporation earmarked 2.25 acres as prime commercial area as it was adjacent to the NH for development through private participation. Though the regulation stipulated that in case of plots with frontage to NH/SH or having any advantage over other plots, additional lease premium will be charged, no additional lease premium was collected from Malabar Gold, the report revealed.