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Number of profit-making PSUs decline sharply

New Delhi: The number of profit-making PSUs in the country declined sharply in 2012-13, according to figures presented in Parliament today. As per the information shared by Minister of State for Heavy Industries & Public Enterprises

India TV News Desk [ Updated: July 17, 2014 19:19 IST ]
number of profit making psus decline sharply
number of profit making psus decline sharply

New Delhi: The number of profit-making PSUs in the country declined sharply in 2012-13, according to figures presented in Parliament today.

 
As per the information shared by Minister of State for Heavy Industries & Public Enterprises P Radhakrishnan in the Rajya Sabha, the number of profit-making central public sector enterprises (CPSEs) came down to 149 in 2012-13, from 161 in 2011-12 and 158 in 2010-11.
 
However, the total profit earned by CPSEs stood at Rs 1,43,559 crore in 2012-13, Rs 1,25,929 crore in 2011-12 and Rs 1,13,944 crore in 2010-11.
 
The Cash & Balances of all CPSEs was Rs 2,66,600 crore as on March 31, 2013, the Minister said in a written reply.
 
Oil explorer ONGC emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, according to the Economic Survey.
 

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