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Losses of central government units mount to Rs14,424 crore in 2008-09 news
02 March 2010

Losses of central public sector enterprises (CPSEs) increase Rs4,167 crore, or 40.63 per cent, in 2008-09 to Rs14,424 crore, against Rs10,257 crore in 2007-08.

Profit-making central public sector undertakings (CPSEs) reported a Rs7,081 crore, or 7.73 per cent, year-on-year increase in profits at Rs98,652 crore in 2008-09 against Rs91,571 crore in 2007-08.

The Public Enterprises Survey (2008-09), brought out by the Department of Public Enterprises of the ministry of heavy industries and public enterprises, said the total turnover of CPSEs grew 15.43 per cent during 2008-09 over 2007-08.

The performance review, which was placed in both Houses of Parliament on 25 February 2010, said total paid-up capital of 246 CPSEs rose 5.8 per cent to Rs1,38,843 crore as of 31 March 2009 from Rs1,31,232 crore on 31 March 2008.

Total investment (equity plus long term loans) of all CPSEs stood at Rs5,28,951 crore as on 31 March 2009 compared with Rs4,55,367 crore as on 31 March 2008 - a growth of 16.16 per cent.
Capital employed (net block plus working capital) of all CPSEs rose 9.62 per cent to Rs794,105 crore as on 31 March 2009, compared with Rs724,406 crore as on 31 March 2008.

Reserves and surplus of all CPSEs increased 10.36 per cent to Rs5,35,840 crore in 2008-09 from Rs4,85,540 crore in 2007-08.

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Losses of central government units mount to Rs14,424 crore in 2008-09