1. Air India, BSNL among 43 CPSEs making losses for 3 years

Air India, BSNL among 43 CPSEs making losses for 3 years

As many as 43 central public sector enterprises (CPSEs) including Air India ltd and BSNL have incurred losses continuously for the last three years (2013-16), Parliament was informed today.

By: | New Delhi | Published: March 28, 2017 4:21 PM
Major reasons for losses include resource crunch, low capacity utilisation, oil plant and machinery, stiff competition, weak marketing and mismanagement.

As many as 43 central public sector enterprises (CPSEs) including Air India ltd and BSNL have incurred losses continuously for the last three years (2013-16), Parliament was informed today. Major reasons for losses include resource crunch, low capacity utilisation, oil plant and machinery, stiff competition, weak marketing and mismanagement.

As per the information available in the Public Enterprises Survey 2015-16, “43 CPSEs” have incurred losses continuously for the last three years (2013-16), Minister of State for Heavy Industries and Public Enterprises Babul Supriyo said in a written reply to the Lok Sabha. The other firms that have reported losses include British India Corporation, Hindustan Anti biotics, HMT Watches Ltd and Indian Drugs and Pharmaceuticals.

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