ONGC reported the best revenue in FY19, then know who had a loss

by Jeremy Spirogis
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new Delhi: ONGC, Indian Oil Corporation and NTPC have been the highest three PSUs with income in 2018-19, in response to data from a survey put in Parliament on Monday. At the identical time, BSNL, Air India and MTNL noticed the best losses for the third consecutive 12 months.

According to the Public Enterprises Survey 2018-19, which measures the annual financial situation of all central public sector corporations, the highest 10 loss making corporations accounted for 94.04 of the overall losses of all of the 70 central public sector enterprises that have been in deficit all year long. Is the share share. The prime three worthwhile public sector corporations i.e. ONGC, IOC and NTPT have 15.Three per cent, 9.68 per cent and 6.73 per cent share within the whole income earned by all worthwhile central public sector corporations.

The survey additionally revealed that the State Trading Corporation of India, MSTC and Chennai Petroleum Corporation, which have been worthwhile within the 12 months 2017-18, have been in loss within the 12 months 2018-19. <! –

                 They have additionally been included within the top-10 loss making corporations. The whole revenue of all central public sector corporations within the 12 months 2018-19 has been 24,40,748 crores. It was Rs 20,32,001 crore within the 12 months 2017-18. In this manner, it has elevated by 20.12 %.

While central public sector corporations' contribution to authorities fund from excise responsibility, customized responsibility, GST, company tax, curiosity and dividend on central authorities mortgage and different different fees and tax has been Rs 3,68,803 crore within the 12 months 2018-19. Whereas it was Rs 3,52,361 crore within the 12 months 2017-18. In this manner, it has elevated by 4.67 %.

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