New Delhi, July 14 (Inditop.com) Only 160 out of 419 central government-run firms made profits in 2007-08, contributing Rs.23,857.88 crore (Rs.238.58 billion/$4.86 billion) as dividend to the exchequer, the government said Tuesday.
Government-controlled companies had contributed Rs.18,443.79 crore (Rs.184.44 billon) in 2005-06 and Rs.22,834.76 crore (Rs.228.35 billion) in 2006-07 to the central kitty, said Minister of State for Heavy Industries and Public Enterprises Arun Yadav in a written reply in the Rajya Sabha.
Recently, in its annual report, the Comptroller and Auditor General of India had stated that of the 419 state-owned firms, equity investment in 72 undertakings had been completely wiped out due to successive losses, eroding the net worth by Rs.78,665 crore (Rs.786.65 billion).
