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Profit-making PSUs decline sharply in number, at 149 in FY13

Among Central Public Sector Enterprises (CPSEs), 12 profit-making enterprises from 2011-12 turned loss-makers in 2012-13. Oil explorer ONGC emerged as the highest profit-making PSU of the country during 2012-13.

twitter-logoPTI | July 17, 2014 | Updated 17:08 IST
A technician working on a ONGC valve
(Sorce: Reuters) Work in progress at ONGC's Ahmedabad unit

The number of profit-making PSU s in the country declined sharply in 2012-13, according to figures presented in Parliament on Thursday.

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, increasing from 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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