In 2016-17, CPSEs' contribution to the exchequer stood at Rs 3,60,815 crore.
BSNL, Air India and MTNL worst performing PSUs in FY 2017; Indian Oil, ONGC emerge as most profitable
Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses
Some common problems for losses in CPSEs include old and obsolete plant and machinery, outdated technology, low capacity utilization, excess manpower, weak marketing strategies, stiff competition, heavy interest burden, high input cost, resource crunch etc
BSNL and Air India together have accumulated losses estimated at over Rs 68,000 crore.