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Friday, March 8, 2013

09-03-2013: ONGC is No 1 profit-making PSU, BSNL worst performer: Survey...ET News

ONGCBSE 1.77 % 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 NTPCBSE 0.57 % is the second biggest profit-making state-run company, the same position as in 2010-11 survey. 

The world's largest coal producer Coal IndiaBSE 2.32 % jumped to third position in 2011-12 from seventh rank in the previous survey, pushing Indian Oil CorporationBSE 1.43 % (IOC) down to the seventh position, according to the Public Enterprises Survey. 

In 2010-11, IOCBSE 1.43 % was at the third position. Largest iron-ore producer NMDCBSE 0.69 % was fourth, while Maharatna company BHELBSE 0.78 %ranked fifth. 

Southern Eastern Coalfields Ltd made entry into the coveted club of top 10 profit-making firms at sixth position.

Mahanadi Coalfields Ltd, GAIL (India) LtdBSE 2.91 % and Steel Authority of IndiaBSE 1.81 % Ltd took eighth, ninth and tenth positions, respectively. 
Besides BSNL and Air India, MTNLBSE 1.23 %, Hindustan Photo Films Manufacturing, Hindustan Cables, Air India Charters Ltd and Fertilizer Corporation of India, are the biggest loss-making companies