The overall net profit of all 257 operating PSUs during 2016-17 stood at Rs1,27,602 crore compared to Rs1,14,239 crore during the previous year, showing a 11.7% growth, according to a government survey. BSNL, Air India and MTNL incurred 55.66% of the total losses suffered by the top ten loss-making CPSEs in 2016-17. The top three performers—Indian Oil Corporation Ltd, ONGC and Coal India Ltd—contributed 19.69%, 18.45% and 14.94%, respectively, to the total profit earned by the top ten profit making CPSEs during 2016-17. The top ten profit-making companies accounted for 63.57% of the total profit made by 174 profit making CPSEs during the year. The overall net profit of all 257 operating PSUs during 2016-17 stood at Rs1,27,602 crore compared to Rs1,14,239 crore during the previous year, showing a 11.7% growth.

Source: Mint March 13, 2018 11:48 UTC