State-owned Kerala Soaps Ltd (KSL) has posted a record sales turnover of ₹10 crore in 2013-14 financial year against ₹3 crore achieved in the previous fiscal.

This was possible after the company extended its marketing initiatives to neighbouring States and the West Asian region. Last year, various soap products also found inroads into the Japanese market.

Post-revamp KSL was formed after revamping the Kerala Soaps and Oils Ltd in 2010 in Kozhikode by the Kerala State Industrial Enterprises Ltd (KSIEL) with an investment of ₹12 crore.

Febi Varghese, Managing Director, said that favourable market conditions for the products have helped the company achieve comfortable business. Given this growth trend, KSL is aiming for a ₹1 crore in net profit in the 2014-15 financial year. He said that there has been an encouraging response for the sandal soaps manufactured by the company using the sandal oil availed from the Forest Development Corporation.

Other projects Besides Kerala Soaps, various other undertakings of KSIEL have also started showing commendable performance in the last fiscal. This included the air cargo services in Kozhikode and Thiruvananthapuram airports which exported 21,700 tonnes and 26,700 tonnes respectively during the last fiscal.

Mayin Haji, Chairman, said that KSIE, in association with Airports Authority of India, would soon start an international air courier cargo terminal with Thiruvananthapuram and Kozhikode airports as base centres. The construction of the high-tech shopping mall in Thiruvananthapuram in association with INKEL at an investment of ₹40 crore will be started during the current financial year itself, he said.

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