Cumulative loss of 18 PSUs in HP touches 97778.63 lakh

Shimla, Mar 7 (UNI) The cumulative losses of the public sector undertakings (PSU) in Himachal Pradesh has touched a staggering Rs 97,778.63 lakh, while the annual loss of twelve PSU's have reached to Rs 5211.92 lakh during 2006-07 in comparison to Rs 2094.14 lakh during 2005-06.

Latest statistics from the annual report of Himachal Pradesh PSUs 2008-09 tabled in the House suggested that twelve of the state's PSU's were running in losses while ten others were profit making undertaking's (the Himachal Pradesh Housing Development Authority runs on no profit no loss basis and therefore figures are not included).

Himachal Pradesh Road Transport Corporation (HRTC) tops the list of loss incurring undertakings, which has accumulated loss of Rs 3260.76 lakh during 2006-07, with cumulative loss to Rs 43,795.19 lakh.

The second most loss incurring PSU was the Agro-Industrial Packaging India Limited incurring a loss of Rs 771.74 lakh and the cumulative loss for this PSU stands at 6,500.87 lakh.

Himachal Pradesh Horticulture Produce Marketing and Processing Corporation Limited is placed third on the loss-bearing list of PSU's, incurring loss to the tune of Rs 630.49 lakh during the same period and it's cumulative loss stands at Rs 4976.27 lakh.

In the list of PSU's that have incurred maximum cumulative losses, HRTC is at the top with Rs 43,795.19 lakh, while Himachal Pradesh State Electricity Board (HPSEB) with a cumulative loss of Rs 23728.36 is placed second.

Himachal Pradesh Financial Corporation (HPFC) with cumulative loss of Rs 10,225.86 lakh is third in the cumulative loss-bearing list.

Meanwhile, in the profit earning PSU's for the financial year 2005-06, Himachal Pradesh State Industrial Development Corporation recorded maximum profit of Rs 617.35 lakh followed by Himachal Pradesh State Civil Supplies Corporation at Rs 363.09 lakh on second position.

With a profit of Rs 188.14 lakh, HPSEB has been the third most profitable PSU during 2006-07.

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