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Indian Oil, ONGC, Coal India most profitable CPSEs

webindia123 2018-03-13 00:00:00
Indian Oil Corporation Ltd, Oil and Natural Gas Corporation (ONGC) and Coal India Ltd have emerged as the most profitable Central Public Sector Enterprises (CPSEs) for FY-2017, a government survey tabled in Parliament on Tuesday said.

These top three CPSEs contributed 19.69 percent, 18.45 percent and 14.94 percent, respectively, to the total profit earned by the top ten profit making CPSEs during 2016-17.

The Public Enterprises Survey 2016-17, which mapped the performance of central public sector units (CPSEs), showed that the top ten loss-making state-owned firms accounted for a whopping 83.82 percent of the total losses made by 82 loss-making CPSEs during the year.

The survey said Bharat Sanchar Nigam Limited (BSNL), Air India and Mahanagr Telephone Nigam Limited (MTNL) incurred the highest losses during the fiscal year 2017.

BSNL, Air India and MTNL incurred 55.66 percent of the total losses suffered by the top ten loss-making CPSEs in 2016-17.

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