Approximately 2 million pieces of pieces were manufactured for the emblematic project of India ‘Gaganyaan’ through the Olavanna tool room in Sidco.
Kerala Sidco, a public sector company under the Department of Industries, has doubled its operational gain and has made the billing at a maximum of nine years of ₹ 238 million rupees.
The company achieved an operational gain of ₹ 2.83 million rupees in 2024-25. The billing in the previous prosecutor was ₹ 202 million rupees and an operational gain of ₹ 1.41 million rupees.
The fact that Sidco has been able to achieve a turnover of ₹ 200 million rupees for the third consecutive year through an effective implementation, the industry -friendly policy will be an inspiration and breath for the MSME units, said the Minister of Industries, said.
The turnover of ₹ 156.61 million rupees achieved by the division of raw materials of Sidco is the highest in the last nine years. Sidco was able to provide marketing assistance to 264 MSME units with a turnover of ₹ 50 million rupees in the last financial year, said President CP Murali.
Approximately 2 million pieces of pieces were manufactured for the emblematic project of India ‘Gaganyaan’ through the Olavanna tool room in Sidco. Sidco also participated in the manufacture of components required for Chandrayan-3
R Jayasankar, managing director, said that with the support of the state government, intensive efforts will be made to promote the small industry sector. Priority will be given to guarantee the benefits of several central and state schemes for the small industrial sector in the State and to solve the problems of entrepreneurs. The steps will be tasks to guarantee the maximum availability of the application for raw materials by small entrepreneurs in the industry through SIDCO and provide marketing assistance to entrepreneurs in the most transparent way, he added.
Posted on April 16, 2025