As per the Public Enterprise survey 2018-19, which is the most profitable PSU in India?
- AOption (a)
IOC
- BOption (b)
ONGC
- COption (c)
NTPC
- DOption (d)
GAIL
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Correct answer
ONGC
Why this answer is correct
The correct answer is ONGC.
Key Points
- The Public Enterprise Survey is a comprehensive count of all Central Public Sector Enterprises (CPSEs). It collects vital statistical data on a variety of financial and physical aspects for all CPSEs.
- According to the Public Enterprises Survey 2018-19, which tracks all central PSUs' annual financial performance, the top ten firms in the red accounted for 94.04 percent of the total losses incurred by all 70 loss-making CPSEs throughout the year.
- Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation, and NTPC, the top three profit-making PSUs, contributed 15.3 percent, 9.68 percent, and 6.73 percent, respectively, to the total profit made by all profitable CPSEs.
- For the third year in a row, BSNL, Air India, and MTNL suffered the most losses.
- The total income of all CPSEs in 2018-19 was Rs 24,40,748 crore, up from Rs 20,32,001 crore in 2017-18, representing a 20.12% increase.
- Every year, the Ministry of Heavy Industries & Public Enterprises', Department of Public Enterprises (DPE) releases the Public Sector Enterprises Survey, which examines the performance of central public sector enterprises (CPSEs).
- According to the survey, there were 348 CPSEs in total as of March 31, 2019, with 249 of them functioning. The remaining 86 were under construction, with 13 in the process of being closed or liquidated.






