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Indian Oil, ONGC, Coal best performers in FY17; BSNL, Air India, MTNL worst

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

Press Trust of India  |  New Delhi 

PSUs
PSUs

Indian Oil, ONGC and Coal have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air and incurred the highest losses, according to a government survey tabled in Parliament today.

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

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

The top three performers -- Indian Oil Corporation Ltd, (ONGC) and -- contributed 19.69 per cent, 18.45 per cent and 14.94 per cent, respectively, to the total profit earned by the top ten profit making CPSEs during 2016-17.

and have entered the coveted list of the top ten profit-making CPSEs, while and have moved out of this league.

The top ten profit-making companies accounted for 63.57 per cent of the total profit made by 174 profit making CPSEs during the year.

Hindustan Cables, and (OVL), which had incurred losses in 2015-16, swung into profit in 2016-17, while Western Coalfields Ltd, STCL, and and entered into the top ten loss-making CPSEs.

The overall net profit of all 257 operating PSUs during 2016-17 stood at Rs 1,27,602 crore compared to Rs 1,14,239 crore during the previous year, showing a 11.7 per cent growth.

First Published: Tue, March 13 2018. 17:30 IST
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