According to a survey conducted by the Department of Public Enterprises (DPE), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation and NTPC were the top three profitable public sector undertakings (PSU) during 2018-19. ONGC, Indian Oil Corporation and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively to the total profit earned by all profitable central public sector enterprises (CPSEs).
Meanwhile, BSNL, Air India and MTNL reported highest losses for a third consecutive year.
The survey also highlighted that the top 10 companies in the red claimed 94.04 per cent of the total losses incurred by all the 70 loss making CPSEs during the year.
Moreover, State Trading Corporation of India, MSTC and Chennai Petroleum Corporation which were profit making CPSEs in 2017-18, incurred losses in 2018-19 and were among the top ten loss- making firms.
Nonetheless, Total income of all CPSEs increased from Rs 20.32 trillion during 2017-18 to Rs 24.4 trillion during 2018-19, recording a growth of 20.12 per cent.