📷 Image: Wikimedia Commons / Vijayanrajapuram
Business
Kerala's ULCCS stalls on half of ₹5,900‑crore KIIFB projects, debt concerns rise
✍️ The Week
🗓 31 Oct 2026, 10:38 PM
👁 3
Half of the ₹5,900‑crore infrastructure projects awarded by the Kerala Infrastructure Investment Fund Board to ULCCS remain incomplete, prompting worries over the cooperative's growing debt burden.
The Kerala Infrastructure Investment Fund Board (KIIFB) has allocated projects worth ₹5,900 crore to the Uralungal Labour Contract Co‑operative Society (ULCCS). Recent assessments reveal that roughly fifty percent of these projects are still unfinished, sparking alarm among state officials and financial analysts.
ULCCS, a cooperative that has previously delivered large‑scale infrastructure works, now faces mounting liabilities as delays compound its debt load. The incomplete works span roads, bridges and other public utilities, sectors that are critical to the state’s development agenda.
State authorities have said they will closely monitor the progress and may consider corrective measures to ensure timely completion. The situation underscores broader concerns about the financial health of large cooperatives handling public‑funded projects.
Stakeholders are awaiting a detailed report from KIIFB on the reasons behind the slowdown and the steps planned to mitigate further fiscal strain.
ULCCS, a cooperative that has previously delivered large‑scale infrastructure works, now faces mounting liabilities as delays compound its debt load. The incomplete works span roads, bridges and other public utilities, sectors that are critical to the state’s development agenda.
State authorities have said they will closely monitor the progress and may consider corrective measures to ensure timely completion. The situation underscores broader concerns about the financial health of large cooperatives handling public‑funded projects.
Stakeholders are awaiting a detailed report from KIIFB on the reasons behind the slowdown and the steps planned to mitigate further fiscal strain.