Public sector undertakings under the Ministry of Railways are profitable and have achieved a combined turnover of Rs 11,880 crore during 2007-08, Railway Minister Mamata Banerjee said.

"During the year 2007-08, all the ten PSUs under the administrative control of Ministry of Railways have performed well and achieved a combined turnover of Rs 11,880 crore and earned a net profit of Rs 1,950 crore," Banerjee said, while presenting the Railway Budget for 2009-10 in Parliament.

"A total dividend payment of Rs 261 crore has been made to Railways," she added.

PSUs under the Railways Ministry include Ircon International, a turnkey infrastructure construction company; Railtel (telecom); Indian Railway Catering and Tourism Company; and Rites, a consultancy, engineering and project management firm.