CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company emerged as the most profitable Public Sector Undertakings (PSUs) in 2017-18?
A
Power Grid Corporation
B
National Thermal Power Corporation Limited
C
Indian Oil Corporation
D
Oil and Natural Gas Corporation
Explanation: 

Detailed explanation-1: -Indian Oil Corporation, Oil and Natural Gas Corporation (ONGC) and NTPC emerged as the top three most profitable Public Sector Undertakings (PSUs) in 2017-18. The companies contributed 13.37%, 12.49% and 6.48% respectively to the total profit earned by Central Public Sector Enterprises (CPSEs) during the period.

Detailed explanation-2: -The top five CPSEs with the highest net profits were ONGC, Indian Oil Corporation, Power Grid Corporation of India, NTPC and Steel Authority of India Ltd (SAIL), the survey said.

Detailed explanation-3: -At the top of the list is state-run Oil & Natural Gas Corporation (ONGC) with a net profit of Rs 40,306 crore.

Detailed explanation-4: -New Delhi: The total profit of 177 public sector companies (PSUs), out of 255 such operational enterprises, rose by 37.53 percent to Rs 1,89,320 crore in the 2020-21 fiscal year, the government has said.

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