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Central PSEs contribution to India’s monetary assets sees 120 computer surge in 11 years, ETCFO
New Delhi, The Central Public Sector Enterprises (CPSEs) have contributed a report Rs 4.85 lakh crore to India’s monetary assets in FY2023- 2024, a 120 per cent improve from Rs 2.20 lakh crore in FY 2013-2014, the Finance Ministry stated on Monday.
The Central authorities’s useful resource optimisation measures have borne fruit, in keeping with a ministry submit on social media platform X.
“In FY 2023-24, the whole contribution by the Central Public Sector Enterprises (CPSEs) to the Central Exchequer was Rs 4.85 lakh crore, an outstanding improve of 120 per cent from Rs 2.20 lakh crore within the FY 2013-14,” stated the ministry.
Final week, Union Finance Minister Nirmala Sitharaman acquired a dividend cheque of Rs 8,076.84 crore on behalf of the federal government from the State Financial institution of India (SBI) for the monetary 12 months 2024-25.
Main public sector corporations within the monetary, energy and vitality sectors recorded a powerful progress in revenue in This autumn FY25. The nation’s largest lender, SBI and insurance coverage large Life Insurance coverage Company of India (LIC) led the cost with a web revenue of Rs 18,643 crore and Rs 19,013 crore, respectively.
The SBI’s web revenue for the monetary 12 months 2024-25 has now soared to Rs 70,901 crore, whereas the LIC has recorded a formidable web revenue of Rs 48,151 crore for the 12 months.
Coal India earned a web revenue of Rs 9,604 crore through the fourth quarter, whereas Indian Oil Company (IOC) registered a web revenue of Rs 7,265 crore, with upstream oil exploration large ONGC registering a web revenue of Rs 6,448 crore through the quarter.
NTPC recorded a web revenue of Rs 7,897 crore whereas Energy Finance Company (PFC), which additionally comes beneath the Ministry of Energy, earned a strong Rs 8,358 crore. Energy Grid Company of India additionally registered a powerful revenue of Rs 4,143 crore through the January-March quarter.
The Prime Minister Narendra Modi-led authorities has strengthened India’s PSUs within the final 11 years, turning them into wealth creators and making them integral to the nation’s progress. With targeted reforms, strategic autonomy, and capital help, PSU market cap surged throughout the vitality, energy, and infrastructure sectors.
–IANS
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