BAD NEWS

BSNL IS THE NUMBER ONE LOSS MAKING PSE

The Department of Public Enterprises has released its official Public Enterprises Survey for the year of 2016-2017. According to the Survey Report, BSNL stands out at the top of Loss making PSUs in India.

Five top profit making PSEs are:

1) Indian Oil Corporation: Profit of Rs. 19106 crore

2) ONGC: Profit of Rs. 17900 crore

3) Coal India: Profit of Rs. 14501 crore

4) NTPC: Profit of Rs. 9385 crore

5) Bharat Petroleum: Profit of Rs. 8039 crore.

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Five top Loss making Profit PSEs are:

1) BSNL : Loss of Rs. 4793 crore

2) Air India: Loss of Rs. 3952 crore

3) MTNL : Loss of Rs. 2941 crore

4) Hindustan Photos & Films: Loss of Rs. 2917 crore

5) Steel Authority of India: Loss of Rs. 2833 crore.

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The Survey gives lot of details. According to the figures, the BSNL had earned revenue of Rs 32411.32 cr. in 2015-2016. It came down to Rs. 31533.44 cr. in 2016-2017.

The Profit/Loss Before Tax of BSNL was Rs. (-) 4859.16 cr. during 2015-2016

and Rs (-) 4793.21 Cr. during 2016-2017. (There is some improvement) .

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Whereas, the MTNL has increased its Loss before Tax:

It was Rs. (-) 2755.76 cr. during 2015-2016 and increased to Rs (-) 2945.46 cr. during 2016-2017.

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