ONGC emerges top investor among PSUs in FY12
Oil and Natural Gas Corp (ONGC) has emerged as the top investor among PSUs for 2011-12 with an investment of Rs 2.1 lakh crore, according to a government survey.
New Delhi: Oil and Natural Gas Corp (ONGC) has emerged as the top investor among PSUs for 2011-12 with an investment of Rs 2.1 lakh crore, according to a government survey.
Loss-making BSNL is the second largest investor, it said.
Investment in terms of gross block (assets) for ONGC stood at Rs 2.1 lakh crore in 2011-12 and its net profit was Rs 25,122 crore, the Public Enterprises Survey for 2011-12 said.
In 2010-11, the Maharatna company had Rs 1.95 lakh crore as investment in gross block.
Gross block (GB) is the value of a company's fixed assets plus depreciation.
Telecom player BSNL's investment on the same lines was Rs 1.74 lakh crore, despite a huge loss of Rs 8,850 crore in the last fiscal, the survey said.
NTPC was at the third position. Its investments, expressed in GB, stood at Rs 1.23 lakh crore and net profit at Rs 9,223 crore in 2011-12.
The survey revealed the share of ONGC, BSNL and NTPC was 54.7 percent in the total GB of all CPSEs, as on March 31, 2012. Indian Oil Corporation Ltd and Power Grid Corporation ranked fourth and fifth, in this respect.
SAIL and NHPC were at sixth and seventh ranks, respectively.
Nuclear Power Corporation of India Ltd, Hindustan Petroleum Corporation and Gail (India) Ltd were at eighth, ninth and tenth positions, respectively, the survey said.
As on March 31, 2012, there were 260 CPSEs compared to 248 in 2010-11, it said.
The total employee strength in CPSEs declined to 13.98 lakh (excluding contractual and casual labours) in 2011-12 compared to 14.40 lakh in 2010-11.
"The total strength of employees in CPSEs has gone down by 41,682 persons due to superannuation, voluntary retirement etc.," the survey said.
The salary and wages in all the CPSEs, at the same time grew 7 percent to Rs 1.05 lakh crore during 2011-12 compared to Rs 98,402 crore in 2010-11, it said.