3rd March, 2003
Ministry of Heavy Industry & Public Enterprises  


66 PER CENT INCREASE IN PROFIT IN CPSEs DURING 2001-02


According to the Public Enterprises Survey 2001-02, laid in the Parliament today, there has been improvement in the overall performance of Central Public Sector Enterprises (CPSEs). There was an increase in investment in CPSEs by Rs.50,434 crore i.e. from Rs.2,74,198 crore in 2000-01 to Rs.3,24,632 crore in 2001-02, marking an increase of 18.39 per cent. The turnover/operating income has increased from Rs.4,58,237 crore in previous year to Rs.4,78,728 crore, an increase of Rs.20,491 crore. The net profit has increased to Rs.26,045 crore in 2001-02 from Rs.15,653 crore in 2000-01 marking 66 per cent increase. The return on equity share capital (Net Profit to Paid-up capital ratio) was 24.58 per cent for 2001-02. The capital employed of public sector enterprises has gone up by 17.76 per cent i.e. from Rs.3,31,401 crore in 2000-01 to Rs.3,90,261 crore.

However, the CPSEs had declared a dividend of Rs.8,067 crore in 2001-02 as against Rs.8,260 crore during 2000-01, a decrease of 2.34 per cent. The dividend pay out ratio has also gone down to 30.97 per cent as against 52.77 per cent in the previous year. The contribution to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on Central Government loans, dividend and other duties and taxes has gone up by Rs.1,716 crore, i.e. from Rs.61,037 crore in 2000-01 to Rs.62,753 crore in 2001-02, marking an increase of 2.81 per cent.

The Survey gives a macro appraisal and analysis of the performance of CPSEs in terms of physical and financial parameters. It also analyses performance of 230 operating enterprises in different sectoral groups. It contains a narrative description of the physical and financial performance of the individual enterprises. The Survey also contains enterprise-wise analytical data for three years viz. 2001-02, 2000-01 and 1999-2000.