BSNL, AI, MTNL worst performing PSUs in FY’17

| | New Delhi

Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses, according to a government survey tabled in Parliament on Tuesday.

The Public Enterprises Survey 2016-17, which mapped the performance of central public sector units, showed that the top ten loss-making state-owned firms accounted for a whopping 83.82 per cent of the total losses made by 82 loss-making CPSEs during the year. BSNL, Air India and MTNL incurred 55.66 per cent of the total losses suffered by the top ten loss-making CPSEs in 2016-17. The top three performers -- Indian Oil Corporation Ltd, Oil and Natural Gas Corporation (ONGC) and Coal India Ltd – contributed 19.69 per cent, 18.45 per cent and 14.94 per cent, respectively, to the total profit earned by the top ten profit making CPSEs during 2016-17.

Hindustan Petroleum Corporation and Mangalore Refinery and Petrochemicals Ltd have entered the coveted list of the top ten profit-making CPSEs. while Hindustan Fertiliser Corporation and Power Finance Corporation have moved out of this league.



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