ONGC, Indian Oil Corporation, and NTPC were the top three PSUs with profits in 2018-19. In addition, BSNL, Air India and MTNL saw the highest losses for the third consecutive year. The same has been mentioned in a survey put in Parliament on Monday. At the same time, according to the Public Enterprises Survey 2018-19, which measures the annual economic condition of all central public sector companies, the top 10 loss-making companies accounted for 94.04 of the total losses of all 70 central public sector enterprises that were in deficit throughout the year. Is the percentage share.
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The top three profitable public sector companies i.e. ONGC, IOC and NTPT have 15.3 percent, 9.68 percent and 6.73 percent share in the total profit earned by all the profitable central public sector companies. According to the same survey, the State Trading Corporation of India, MSTC and Chennai Petroleum Corporation, which were profitable in the year 2017-18, have been in a loss in the year 2018-19. Also, they have been present in top-10 loss making companies.
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Apart from this, the total income of all central public sector companies in the year 2018-19 has been 24,40,748 crores. It was Rs 20,32,001 crore in the year 2017-18. In this way, it has increased by 20.12 percent. The contribution of central public sector companies to the exchequer from excise duty, customs duty, GST, corporate tax, interest, and dividend on central government loans and other duties and taxes has been Rs 3,68,803 crore in the year 2018-19. Although it was Rs 3,52,361 crore in the year 2017-18, it has increased by 4.67 percent.
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