ONGC is No 1 profit-making PSU, BSNL worst performer
New Delhi: ONGC has retained the top position in the coveted list of 10 most profit-making PSUs, while BSNL was the biggest loss-making state-run company in 2011-12, according to a government survey.
ONGC, the country’s largest oil and gas producer, earned a net profit of Rs 25,122 crore in 2011-12.
BSNL, on the other hand, suffered losses of Rs 8,850 crore in the same period, replacing Air India as the biggest loss-making PSU.
Power major NTPC is the second biggest profit-making state-run company, the same position as in 2010-11 survey.
The world’s largest coal producer Coal India jumped to third position in 2011-12 from seventh rank in the previous survey, pushing Indian Oil Corporation (IOC) down to the seventh position, according to the Public Enterprises Survey.
For more visit: Business Standard
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