19 loss-making CPSEs returned to profit in FY21, shows govt data

The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%

Chennai Petroleum Corp (CPCL), Western Coalfields (WCL), and National Fertilizers (NFL) are among 19 central public sector enterprises (CPSEs) that returned to profit in FY21 from loss, data from the Public Sector Enterprises Survey 2020-21 shows.

Of the 19 PSUs belonging to industries, such as refinery, fertilisers, financial services, industrial and consumer goods, eight reported losses for two consecutive financial years preceding FY21.

The majority of CPSEs returning from loss to profit were from industrial and consumer goods sectors, such as Sambhar Salts, Hindustan Salts, Andrew Yule & Company, and Cement Corporation of India. There was an increase in the