India's best and worst performing PSUs

Oil explorer ONGC was the country's most profitable PSU in 2013-14, while telecom major BSNL was the worst performer, says the Economic Survey.

The pre-budget survey for 2014-15 said the net profit of 163 profit-making CPSEs during 2013-14 was Rs 1,49,164 crore (Rs 1.49 trillion), while the net loss of 71 loss-making CPSEs was Rs 20,055 crore (Rs 200.55 billion).

Oil and Natural Gas Corporation (ONGC), Coal India, National Thermal Power Corporation, Indian Oil Corporation, and National Mineral Development Corporation were the top five profit-making CPSEs during 2013-14.

Budget 2015: Complete Coverage

Bharat Sanchar Nigam Ltd (BSNL), Air India, Hindustan Photofilms Manufacturing, Hindustan Cables, and State Trading Corporation of India were the top five loss-making CPSEs in the same period.

Financial investment, which includes the sum of paid-up capital and long-term loans, in all the CPSEs stood at Rs 9,92,971 crore (Rs 992.71 billion) as on March 31, 2014 showing an increase of 17.46 per cent over 2012-13.

The contribution of CPSEs to the central exchequer by way of divided payment, interest on government loans, and payment of taxes and duties increased from Rs 1,63,207 crore (Rs 1.63 trillion) in 2012-13 to Rs 2,20,161 crore (Rs 2.20 trillion) in 2013-14. This was primarily due to increase in contribution towards dividend payment, excise duty, customs duty, corporate tax, and dividend tax.

A total of 290 central public sector enterprises (CPSEs) existed under the administrative control of various ministries/ departments as on March 31, 2014. Of these, 234 were operational and 56 under construction. 

Economic Survey 2014-15

Budget 2015: Complete Coverage