The Hindu·3 min read·medium
Kerala govt. to allocate ₹5 crore to revive Travancore Cements
T
The Hindu Bureau
✦AI Summary
The Kerala government has sanctioned ₹5 crore to revive the state-owned Travancore Cements Limited. The funds are intended to restart production and address long-standing salary arrears and financial liabilities.
Travancore Cements Limited (TCL), the cash-strapped Kerala government-owned public sector undertaking, has received a fresh lifeline with the United Democratic Front (UDF) government deciding to sanction ₹5 crore to revive the unit.
businesseconomy
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