CPSE losses rose 33.57% to Rs 21,693 cr

Losses of public sector units increased by 33.57 per cent to Rs 21,693 crore in 2010-11.

Written by Agencies | New Delhi | Published: March 22, 2012 4:11:02 pm

Losses of public sector units increased by 33.57 per cent to Rs 21,693 crore in 2010-11 over the previous fiscal,Parliament was informed today.

Loss of loss incurring CPSEs stood at Rs 21,693 crore in 2010-11 compared to Rs 16,231 crore in 2009-10…,” said a survey of CPSEs for 2010-11,tabled in Parliament today.

However,profits of Central Public Sector Enterprises (CPSEs) increased 4.92 per cent to Rs 1,13,770 crore during the last fiscal,compared to Rs 1,08,434 crore in 2009-10.

The contribution of CPSEs to the government by way of duties,taxes,interest payments and dividends increased 11.58 per cent to over Rs 1.56 lakh crore in 2010-11. The CPSEs had paid Rs 1,39,918 crore to the central exchequre in 2009-10.

The survey said the total turnover of all CPSEs during 2010-11 was Rs 14,73,319 crore,as against Rs 12,44,805 crore in the previous year — up 18.36 per cent.

There were 248 CPSEs in 2010-11,of which 220 were in operation. The remaining 28 CPSEs were under construction.

The Total paid up capital in 248 CPSEs,as on March 2011,was Rs 1,55,433 crore compared to Rs 1,48,367 crore in the previous financial year,showing a growth of 4.76 per cent.

Total investment (equity plus long term loans) in all CPSEs was up 14.82 per cent at Rs 6,66,848 crore as on March 2011 compared to Rs 5,80,784 crore in the previous fiscal.

The survey revealed that net worth of the CPSEs went up from Rs 6,59,437 crore in 2009-10 to Rs 7,23,128 crore in 2010-11,posting a growth of 9.66 per cent.

Foreign exchange earnings through exports of goods and services increased from Rs 84,224 crore in 2009-10 to Rs 97,004 crore in 2010-11,showing a growth of 15.17 per cent.

Market capitalisation of 50-listed CPSEs on BSE was 21.11 per cent as on February 29.

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