ONGC remains top profit-making PSU

Oil explorer ONGC again emerged the highest profit-making PSU of the country during 2012-13, says the Economic Survey. The survey, presented a day ahead of the General Budget, said the net profit of 149 profit-making CPSEs stood at Rs 1,43,559 crore in 2012-13 while the net loss of 79 loss-making CPSEs stood at Rs 28,260 crore. Oil and Natural Gas Corporation Ltd (ONGC), National Thermal Power Corporation Ltd (NTPC), Fertiliser Corporation of India Ltd, Coal India Ltd and Bharat Heavy Electricals Ltd were the top five profit-making CPSEs during 2012-13.

Meanwhile, Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), Chennai Petroleum Corporation Ltd, Hindustan Photo Films Manufacturing Co Ltd, were among the top five loss-making CPSEs during the financial year 2012-13.