Saturday, August 13, 2022

119 central PSUs continuously in profit for last 5 years, tells govt

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  • MoS HE&PE Arjun Ram Meghwal said 119 CPSEs continuously recording profit for the last five years

  • 30 PSUs are continuously in losses for the last 5 years and the total number of PSUs as on March 31, 2020 is 366

New Delhi: One of the most general perception about PSUs is that they do not make profit. It is because of this perception that a set of people support privatisation at reforms. Now here is a government data that attempts to mould this perception. Minister of State for Heavy Industries and Public Enterprises Arjun Ram Meghwal in a written reply to the Lok Sabha on Tuesday said that there are a total of 119 PSUs that have been continuously making profit for past 5 years. However, there are 30 CPSEs that are continuously in losses for last 5 years.

Meghwal said that there are a total of 366 CPSEs in the country as of March 31, 2020.

"There are 119 CPSEs continuously in profit for last 5 years and 30 CPSEs continuously in losses for last 5 years," he said.

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Replying to another question, the minister said the automobile industry has been facing a shortage of semiconductors. It has been intimated by the Ministry of Electronics and Information Technology that several steps have been taken to make semiconductors available, he added. 

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

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