eqnlfo ongc

The CPSE operating for the financial year 2021-22 has declared a dividend of Rs 1.15 trillion. (document)

New Delhi:

According to a government survey, the net profit of operating public sector businesses jumped 50.87 per cent to Rs 2.49 trillion during 2021-22, with ONGC, Indian Oil Corporation, Power Grids, NTPC and SAIL making up the top five performers.

The net profit from running Central Public Sector Enterprises (CPSE) was Rs 16.5 trillion the last fiscal.

The Public Enterprises Survey 2021-22 also showed that the net loss of loss-making CPSEs narrowed from Rs 2.3 trillion FY2020-21 to Rs 1.5 trillion in FY2021-22, a drop of 37.82 per cent.

Major loss-making CPSEs included Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telecom Nigam Ltd (MTNL), Air India Assets Holding Ltd, Eastern Coalfields Ltd and Alliance Air Aviation Ltd.

“The total revenue from operating CPSEs FY2021-22 was Rs 31.95 trillion to Rs 24.08 trillion FY2020-21, an increase of 32.65 per cent,” it said.

The CPSE operating in FY21-22 has declared a dividend of Rs 11.5 trillion to Rs 0.73 trillion in FY21, an increase of 57.58%.

The survey attributed the revenue growth in 2021-22 to better performance in the oil (refining and marketing), crude oil and transportation, and logistics sectors.

Within industries, manufacturing, processing and power generation continued to hold the highest share, followed by services, and mining and exploration.

The three cognate groups Petroleum (Refining and Marketing), Trading and Marketing, and Power Generation together contributed 69.08% of the total revenue in FY2021-22.

See also  WhatsApp Business API gets new updates to help companies communicate with customers faster

The net profit of for-profit CPSEs in FY2021-22 was Rs 26.4 trillion to Rs 1.89 trillion in the previous financial year, an increase of 39.85%. According to the survey, the top five CPSEs with the highest net profit are ONGC, Indian Oil Corporation, Grid Corporation of India, NTPC and Steel Authority of India (SAIL).

Contribution of all CPSEs to central treasury through excise duty, customs duty, GST, corporate tax, interest on central government loans, dividends and other duties and taxes in 2021-22 is Rs 5.07 trillion to 2020-21 Rs 4.97 trillion for the year, up 2.14%.

The five CPSEs that contribute the most to the central treasury are Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Bharat Oman Refinery Limited and Chennai Petroleum Corporation.

Also, the Corporate Social Responsibility (CSR) expenditure of all CSR eligible CPSEs (160) in FY2021-22 was Rs 4,600 crore to Rs 4,483 crore in FY21, an increase of 2.61%.

The survey added that the top five CPSEs with the highest contribution under CSR are ONGC, NTPC, Indian Oil Corporation, NMDC and Power Grids.

(Aside from the title, this story is unedited by NDTV staff and published via a syndicated feed.)

Featured Video of the Day

What market watchers say about China’s turmoil and its global implications

By Rebecca French

Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...