Central Public Sector Enterprises posted a cumulative loss of Rs 1.54 lakh crore in five years from FY 2017-18 to FY 2021-22, Minister of State for Finance Bhagwat Karad informed parliament on Tuesday.
In 2017-18, out of the total 248 Central Public Sector Enterprises, 72 posted losses. This number declined to 69 in 2018-19, but rose sharply to 2019-20. The number of loss-making PSUs stood at 76 in 2020-21, the year impacted by Covid pandemic. In 2021-22, the number of loss-making PSUs declined to 59.
The aggregate losses of Central Public Sector Enterprises declined to Rs 14,586 crore in 2021-22 from Rs 44,239 crore recorded in 2019-20, Karad said in written reply to a question in Rajya Sabha.
(Published 21 March 2023, 18:22 IST)
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