ONGC emerges top investor among PSUs

ONGC has emerged as the top investor among PSUs for 2010-11 fiscal with pumping a sum of Rs 1.95 lakh crore to create assets during the period.

Written by Agencies | New Delhi | Published: March 22, 2012 9:09:51 pm

ONGC has emerged as the top investor among PSUs for 2010-11 fiscal with pumping a sum of Rs 1.95 lakh crore to create assets during the period.

Loss-making BSNL was the second largest investor PSU during the fiscal,according to a government survey.

Investment in terms of gross block (assets) for ONGC stood at Rs 1.95 lakh crore in 2010-11 and its net profit was Rs 18,924 crore,the Public Enterprises Survey for 2010-11,which was tabled in Parliament today,revealed.

In fiscal 2008-09,the maharatna oil and gas producer had Rs 1.71 lakh crore as investment in gross block.

Gross block (GB) is the value of a company’s fixed assets plus depreciation.

Telecom player BSNL’s investment on the same lines was Rs 1.72 lakh crore,despite a huge loss of Rs 6,384 crore in the fiscal.

NTPC was at the third position. Its investments,expressed in GB,stood at Rs 1.11 lakh crore and net profit at Rs 9,102 crore,respectively,in 2010-11.

The survey revealed that the share of ONGC,BSNL and NTPC was 37.92 per cent in the total GB of all CPSEs,as on March 31,2011.

IOC and Power Grid Corporation ranked fourth and fifth,in this respect.

SAIL and NHPC were at sixth and seventh ranks,respectively,while loss-making PSU Air India was at the eighth position. Nuclear Power Corporation and HPCL were at ninth and tenth rank,respectively.

As on March 31,2011,there were 248 CPSEs compared to 249 in 2009-10,according to the survey. They employ 14.44 lakh workmen,clerical staff and executives.

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