India Infrastructure Finance Co and Eastern Coalfields were two companies that had made profits until 2016-17 but tumbled into the list of loss-making PSUs this year.
The star performers — IOC, ONGC and NTPC — contributed 13.37 percent, 12.49 percent and 6.48 percent, respectively to the total profit earned by CPSEs during 2017-18, the survey revealed. On the other hand, the three worst-performing PSEs — BSNL, Air India and MTNL — contributed 52.15 percent of the total loss incurred by CPSEs. While Coal India and Power Grid Corporation occupied the fourth and the fifth spot in the list of top 10, Power Finance Corporation, which recently acquired Rural Electrification Corporation, made its debut into the top 10 list. Even as Coal India fared well in the last fiscal, its subsidiary Bharat Coking Coal Limited incurred huge losses and made its way to the list of top 10 loss making CPSEs.
India Infrastructure Finance Co and Eastern Coalfields were two companies that had made profits until 2016-17 but tumbled into the list of loss-making PSUs this year. The top 10 companies accounted for around 61.83 percent of the total profit earned by all the 184 profit making state-owned firms during the year.
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