The net profit of operating public sector enterprises jumped 50.87 per cent to Rs 2.49 lakh-crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers, according to a government survey.
The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to Rs 0.15 lakh crore in FY 2021-22 from Rs 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 per cent.
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While struggling to hive off its stake in state-run telecom companies, the Indian government is set to own 35.8% stake in private operator Vodafone Idea Ltd after converting the total amount of interest related to spectrum auction instalments and adjusted gross revenue (AGR) dues into equity.