Oil and Natural Gas Corporation (ONGC) has retained the top position in the coveted list of 10
most profit-making PSUs.
ONGC, the country's largest oil and gas producer, earned a net profit of Rs 25,122 crore in 2011-12.
According to the Public Enterprises Survey, power major National Thermal Power Corporation (NTPC) is the second biggest profit-making state-run company, the same position as in 2010-11 survey.
The world's largest coal producer
Coal India jumped to the third position in 2011-12 from seventh position in the previous survey, pushing Indian Oil Corporation (IOC) down to the seventh rank. In 2010-11, IOC was at the third position.
Largest iron-ore producer National Mineral Development Corporation (NMDC) was fourth, while Maharatna company Bharat Heavy ELectricals Ltd (BHEL) ranked fifth.
Southern Eastern Coalfields Ltd made entry into the coveted club of top 10 profit-making firms at sixth position.
Mahanadi Coalfields Ltd, GAIL (India) Ltd and Steel Authority of India Ltd took eighth, ninth and tenth positions, respectively.
Bharat Sanchar Nigam Ltd (BSNL) suffered losses of Rs 8,850 crore in 2011-12, replacing Air India as the biggest loss-making PSU.
Besides the two, MTNL, Hindustan Photo Films Manufacturing, Hindustan Cables, Air India Charters Ltd and Fertilizer Corporation of India, are the biggest loss-making companies.
With inputs from PTI
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