Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNl, Air India and MTNl incurred the highest losses, according to a government survey tabled in Parliament on Tuesday.
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 India and MTNl 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, Oil and Natural Gas Corporation (ONGC) and Coal India ltd – 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.
Hindustan Petroleum Corporation and Mangalore Refinery and Petrochemicals ltd have entered the coveted list of the top ten profit-making CPSEs. while Hindustan Fertiliser Corporation and Power Finance Corporation have moved out of this league.