Public sector undertakings under the ministry of railways are profitable and have achieved a combined turnover of Rs 11,880 crore (Rs 118.8 billion) during 2007-08, railway minister Mamata Banerjee said on Friday.
"During the year 2007-08, all the 10 PSUs under the administrative control of ministry of railways have performed well and achieved a combined turnover of Rs 11,880 crore and earned a net profit of Rs 1,950 crore (Rs 19.5 billion)," Banerjee said, while presenting the Railway Budget for 2009-10 in Parliament.
"A total dividend payment of Rs 261 crore (Rs 2.61 billion) has been made to Railways," she added.
PSUs under the railways ministry include Ircon International, a turnkey infrastructure construction company; Railtel (telecom); Indian Railway Catering and Tourism Company; and Rites, a consultancy, engineering and project management firm.