Coal News We love to talk!

FEB 27 2015

ONGC most profitable CPSE, BSNL biggest loss-making

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 27th FEB 2015

The number of people working in central public sector enterprises declined further in 2013-14, while state-run oil explorer ONGC was the most profitable PSU in the fiscal, a government survey said.
As on March 31, 2014, 290 CPSEs employed over 13.51 lakh people (excluding contract workers), compared to 14.02 lakh in 2012-13.

"The total strength of CPSEs has gone down by 50,213 persons due to superannuation, voluntary retirement etc," said the Public Enterprises Survey tabled in Parliament today.
Among the top performing central public sector enterprises (CPSEs), ONGC incurred a net profit of Rs 22,094.81 crore, followed by Coal India (Rs 15,008 crore), NTPC (Rs 10,975 crore); Indian Oil Corporation (Rs 7,019 crore), NMDC Ltd (Rs 6,420 crore); Power Finance Corporation (Rs 5,418 crore).

The other companies in the top ten include South Eastern Coalfields (Rs 4,772 crore); Rural Electrification Corporation (Rs 4,684 crore); Power Grid Corporation (Rs 4,497 crore); ONGC Videsh (Rs 4,445 crore).
Telecom major BSNL remained the biggest loss-making enterprise during 2013-14 as well with losses mounting to over Rs 7,019 crore.

Air India came in at the second spot, followed by Hindustan Photo Films, Hindusttan Cables, State Trading Corporation of India, Hindustan Fertiliser Corp, STCL Ltd, ITI Ltd, Chennai Petroleum Corporation and Shipping Corporation of India.

Tags

TOTAL Chennai Power Grid Power Finance Corporation Finance Grid Coal Oil ONGC NTPC Ltd NMDC ONGC Videsh Petroleum Rural Electrification Corporation Rural Power Trading India

Related News

  • Indian Oil Corp may move court if Odisha ends tax sops to refinery  Read more
  • Oil India: Uncertainties over subsidy share will keep sentiments low  Read more
  • Policy revamp key to boost renewable energy projects  Read more
  • To reduce price of gas from Australia, GAIL suggests swapping  Read more
  • India gives Iran $11 billion best offer on Farzad-B gas field  Read more
  • Reliance Powers plea to mortgage Sasan coal blocks rejected by government  Read more
  • Weak financials of discoms hurdle to signing of power pacts: Scindia  Read more
  • CIL to become explosives maker to break carte  Read more
  • BHP leaves door open to U.S. shale gas write-down  Read more
  • Mumbai Port Trust plans solar unit, save on power costs  Read more