Kochi: Plans to revive the Perumbavoor-based Travancore Rayons Ltd (TRL) has reached a dead end with the Kerala state government asking the company''s potential private promoter to further dilute the demands for concessions from the government.

According to sources, the meeting between United Democratic Front convener Oommen Chandy, and promoter N Damodaran of the Dinosaur Industries Ltd, Coimbatore, did not produce the desired results.

Chandy is understood to have made his mind clear on the requests for concessions in electricity tariff and payment of sales tax arrears. Damodaran sought a week''s time to consider further dilution of the demands in the revised revival proposal, the sources said.

The meeting, held in Kottayam on Saturday, was also attended by Perumbavoor MLA Saju Paul, and Perumbavoor municipal chairman N C Mohanan. The meeting was facilitated by the combine of trade unions at TRL, Rayons Samrakshana Samithy, in a last-ditch effort to get the revival proposal approved by the state cabinet.

There is indication that the government may take its own time to decide on the issue as it has time till 27 July for the same. The issue of revival of the company is likely to come up for hearing in the Kerala High Court on that date.

With Industries Minister P K Kunhalikutty out of station, it is likely that a decision may be taken only next week. Chief Minister A K Antony, who was away from the state capital last week, will be given detailed notes on the issues involved.

Meanwhile, the Rayons Thozhilali Aikyavedi, a group of TRL workers who have formed a parallel trade union combine to the Samrakshana Samithy, has decided to send a memorandum to Antony seeking his intervention in the affairs of the company.

One of the trade unions leaders today alleged that there was absolutely no chance of the company being reopened. He cited the recent example of a move by the company management to sell off scrapped spinnerets.

The Aikyavedi has focussed on this proposed sale and its spokesman said the matter will be brought to the notice of the chief minister. Sealed quotations were invited by the company management in May for sale of scrapped spinnerets weighing approximately 7,200 gms. Spinnerets are made of a combination of gold, platinum and rhodium.

The spokesman also questioned the Samrakshana Samithy''s agitation for "reopening" the rayons unit. According to the Aikyavedi, TRL is under a layoff and it has not been closed yet. The company came under a layoff in July 2001 and since then the management and the industries department had been on the lookout for a viable proposal for reviving the unit.

The proposal put up by Dinosaur Industries was rejected both by the Board for Industrial and Financial Reconstruction and the Appellate Authority for Industrial and Financial Reconstruction.