Number of profit-making PSUs decline sharply

The number of profit-making PSUs in the country declined sharply in 2012-13, according to figures presented in Parliament today.

As per the information shared by Minister of State for Heavy Industries & Public Enterprises P Radhakrishnan in the Rajya Sabha, the number of profit-making central public sector enterprises (CPSEs) came down to 149 in 2012-13, from 161 in 2011-12 and 158 in 2010-11.

However, the total profit earned by CPSEs stood at Rs 1,43,559 crore in 2012-13, Rs 1,25,929 crore in 2011-12 and Rs 1,13,944 crore in 2010-11.

The Cash & Balances of all CPSEs was Rs 2,66,600 crore as on March 31, 2013, the Minister said in a written reply.

Oil explorer ONGC emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, according to the Economic Survey.