Overall performance of CPSEs improves, contribution to GDP at 8.21

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New Delhi, Feb 28 (UNI) The overall performance of Central Public Sector Enterprises (CPSEs) has improved with contribution of CPSEs in GDP (at market price) at 8.23 per cent during 2006-07 as compared to 8.21 per cent in the previous year, said the Public Enterprises Survey 2006-07 tabled in Parliament today.

The net profit of all CPSEs stood at Rs 81,550 crore during 2006-07 compared to Rs 69,536 crore in the previous year, showing an increase of 17.28 per cent.

The cumulative investment made in CPSEs in terms of equity and long term loans, as on March 31, 2007, was Rs 4,21,089 crore as compared to Rs 4,03,706 crore as on March 31 previous year, registering a growth of 4.31 per cent.

The survey said the total turnover also reported a growth of 15.18 per cent at Rs 9,64,410 crore during 2006-07 as compared to Rs 8,37,295 crore in the previous year.

As high as 55 per cent of the CPSEs covered in the analysis had achieved a capacity utilisation of 75 per cent or higher, the survey said.

About 17 per cent of CPSEs were operating at 50 to 75 per cent capacity utilisation and around 28 per cent of CPSEs were operating at less than 50 per cent of capacity utilisation.

The number of profit making CPSEs in 2006-07 was 156 and that of loss making CPSEs was 59 as compared to 160 and 63 respectively during 2005-06.

The net worth of the CPSEs during 2006-07 went upto Rs 4,52,995 crore as compared to Rs 3,97,275 crore in the previous year registering a growth of 14.03 per cent.

Reserves and surplus of the CPSEs went up from Rs 3,59,181 crore in 2005-06 to Rs 4,16,494 crore in 2006-07, showing an increase of 15.96 per cent.

Significant contribution were made by the CPSEs to the Central Exchequer in terms of dividend, interest and taxes and excise at Rs 1,47,728 crore during 2006-07 as compared to Rs 1,25,455 crore in 2005-06, showing a growth of 17.75 per cent.

Dividend declared by the CPSEs also showed an upward trend of 17.12 per cent to Rs 26,805 crore in 2006-07 as against Rs 22,886 crore during 2005-06.

UNI MP PBB VC2044

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