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Out of the 44 nationalist assemblage undertakings successful Jammu and Kashmir, 24 are making losses and 4 are non-functional, the Union Territory authorities informed the Assembly connected Tuesday (February 17, 2026).
The authorities said it is examining ways to fortify the sick PSUs and amended their operational and fiscal performance.
In a written reply to a question by legislator Javaid Riyaz, Deputy Chief Minister Surinder Kumar Choudhary said the Union Territory has 10 profit-making PSUs, 24 loss-making PSUs, 4 non-functional PSUs, 2 statutory corporations, and 1 dormant PSU.
He identified the profit-making PSUs arsenic J-K Bank, J-K State Power Development Corporation Limited, J-K Medical Supplies Corporation Limited, J-K Cable Car Corporation Limited, J-K Women's Development Corporation, J-K Bank Financial Services (a subsidiary of J-K Bank), J-K Police Housing Corporation, Chenab Valley Power Projects Limited (a cardinal PSU associated task with JKSPDC), Ratle Hydroelectric Project Corporation Limited (a cardinal PSU associated task with JKSPDC), and J-K Development Finance Corporation Limited (a cardinal PSU with UT authorities equity).
According to the reply, the loss-making PSUs see J-K Industries Limited; J-K SC, ST and BC Development Corporation; J-K Trade Promotion Organisation; J-K Horticultural Produce Marketing and Processing Corporation; J-K Power Corporation Limited (Trading); Kashmir Power Distribution Corporation Limited; J-K Handicrafts Sales and Export Corporation; J-K State Power Transmission Company Limited; Srinagar Mass Rapid Transit Corporation, and J-K Agro Industries Development Corporation Limited.
The different loss-makers see J-K Forest Development Corporation Limited; J-K EDI Foundation; J-K State Handloom Development Corporation Limited; Jammu Power Distribution Corporation Limited; J-K SIDCO Limited; Jammu Mass Rapid Transit Corporation; J-K Tourism Development Corporation; J-K Small Scale Industries Development Corporation Limited; J-K Cements Limited; J-K Projects Construction Corporation Limited; J-K Infrastructure Development Finance Corporation Limited; Jammu Smart City Limited; Srinagar Smart City Limited and J-K Minerals Limited.
The 2 statutory corporations -- J-K and Ladakh Finance Corporation and J-K State Road Transport Corporation -- are besides moving successful losses.
Among the non-functional PSUs, Mr. Choudhary said, are Overseas Employment Corporation; J-K Road Development Corporation, J-K Handloom and Handicrafts RMSO Limited, Tawi Scooters Limited, Himalayan Wool Combers Limited, J-K IT Infrastructure Private Limited, and International Trade Centre, J-K.
The dormant PSU is J-K Asset Reconstruction Limited.
"Strengthening and revival of sick oregon loss-making PSUs, including measures related to infrastructure and manpower, are being examined by the respective administrative departments to amended their operational and fiscal performance," the lawman Chief Minister said.
