The state government has recognized the operational excellence of Kerala Clays and Ceramic Products Limited (KCCPL), a public sector company located in Pappinisseri in Kannur that has prospered despite the challenges.
In a decision taken at the Cabinet meeting on Wednesday (February 5), the Government approved an increase in the authorized capital of the company of ₹ 4 million rupees to ₹ 30 million rupees to strengthen its future operations.
This marks the first increase in working capital since the beginning of KCCPL. The Government sees the decision as part of its broader strategy to maintain and expand the public sector.
The company has been constantly profitable during the last three financial years. In light of this, the Board of Directors has committed to recognized unions to review workers’ salaries and has submitted a proposal to the government.
The president of the KCCPL, TV Rajash and the managing director of Anakai Balakrishnan, recently held an argument with the Minister of Finacnace, K. N Balagopal, who assured the rapid approval for the review.
Published – February 7, 2025 12:10 am isth
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