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160 state-run firms post profits in 2007-08
Wednesday, 15 July 2009, 14:40 IST
New Delhi: Only 160 out of 419 central government-run firms made profits in 2007-08, contributing 
23,857.88 crore (238.58 billion/$4.86 billion) as dividend to the exchequer, the government said Tuesday.
Government-controlled companies had contributed 18,443.79 crore (184.44 billon) in 2005-06 and 22,834.76 crore (228.35 billion) in 2006-07 to the central kitty, said Minister of State for Heavy Industries and Public Enterprises Arun Yadav in a written reply in the Rajya Sabha.
Recently, in its annual report, the Comptroller and Auditor General of India had stated that of the 419 state-owned firms, equity investment in 72 undertakings had been completely wiped out due to successive losses, eroding the net worth by 78,665 crore (786.65 billion).
Source: IANS
23,857.88 crore (238.58 billion/$4.86 billion) as dividend to the exchequer, the government said Tuesday.
Government-controlled companies had contributed 18,443.79 crore (184.44 billon) in 2005-06 and 22,834.76 crore (228.35 billion) in 2006-07 to the central kitty, said Minister of State for Heavy Industries and Public Enterprises Arun Yadav in a written reply in the Rajya Sabha.
Recently, in its annual report, the Comptroller and Auditor General of India had stated that of the 419 state-owned firms, equity investment in 72 undertakings had been completely wiped out due to successive losses, eroding the net worth by 78,665 crore (786.65 billion).
Source: IANS