Losses of public sector units increased by 33.57% to Rs 21,693 crore in FY11 over the previous fiscal, Parliament was informed today.
"Loss of loss incurring CPSEs stood at Rs 21,693 crore in FY11 compared to Rs 16,231 crore in FY10...," said a survey of CPSEs for FY11, tabled in Parliament today.
However, profits of Central Public Sector Enterprises (CPSEs) increased 4.92% to Rs 1,13,770 crore during the last fiscal, compared to Rs 1,08,434 crore in FY10.
The contribution of CPSEs to the government by way of duties, taxes, interest payments and dividends increased 11.58% to over Rs 1.56 lakh crore in FY11. The CPSEs had paid Rs 1,39,918 crore to the central exchequre in FY10.
The survey said the total turnover of all CPSEs during FY11 was Rs 14,73,319 crore, as against Rs 12,44,805 crore in the previous year -- up 18.36%.
There were 248 CPSEs in FY11, of which 220 were in operation. The remaining 28 CPSEs were under construction.
The Total paid up capital in 248 CPSEs, as on March 2011, was Rs 1,55,433 crore compared to Rs 1,48,367 crore in the previous financial year, showing a growth of 4.76%.
Total investment (equity plus long term loans) in all CPSEs was up 14.82% at Rs 6,66,848 crore as on March 2011 compared to Rs 5,80,784 crore in the previous fiscal.
The survey revealed that net worth of the CPSEs went up from Rs 6,59,437 crore in FY10 to Rs 7,23,128 crore in FY11, posting a growth of 9.66%.
Foreign exchange earnings through exports of goods and services increased from Rs 84,224 crore in FY10 to Rs 97,004 crore in FY11, showing a growth of 15.17%.
Market capitalisation of 50-listed CPSEs on BSE was 21.11% as on February 29.
