CPSE reserves up 9.6% at Rs 6.13 lakh cr in FY'12

NEW DELHI: The reserves and surplus of all Central Public Sector Enterprises (CPSE) jumped 9.6 per cent to Rs 6.13 lakh crore in 2011-12, according to a government survey.

In 2010-11, the reserves and surplus of state-owned units stood at Rs 5.60 lakh crore, it said.

Faced with difficult government finances, the government had given a stern message to top PSUs that they either invest their huge surplus or pay it back as special dividend to the exchequer. This is aimed at reigniting the country's economic growth.

The Survey said profit of profit-making CPSEs grew about 10 per cent to Rs 1.25 lakh crore during 2011-12, compared to Rs 1.13 lakh crore in the previous fiscal.

Among the PSUs which registered profits, the country's largest oil and gas producer ONGC topped the charts, followed by NTPC, CIL, NMDC, BHEL and Southern Eastern Coalfields Ltd.

There were 260 CPSEs of which 225 were in operation and the rest were under-construction in 2011-12.

The survey said the total turnover of all public sector units went up by about 23 per cent to Rs 18.41 lakh crore, while their networth grew 8.4 per cent to Rs 7.7 lakh crore, during 2011-12.

Total investment (equity plus long term loans) in all CPSEs was up about 21 per cent at Rs 7.29 lakh crore as of March last year.

The survey said the contribution of CPSEs to the government by way of duties, taxes, interest payments and dividends increased 2.5 per cent to over Rs 1.6 lakh crore in the last fiscal.