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10 CPSEs Report Profit in 2020-21: Minister of Heavy Industries

Heavy Industries Minister Krishan Pal Gurger said on Monday that as many as 10 central public enterprises reported profits in 2020-21, according to unaudited results.

He said the COVID-19 pandemic is influencing CPSE results.

“Under the Ministry of Heavy Industries, there are 15 CPSEs in operation, and the other 28 CPSEs are in various stages, such as closure / liquidation / national company courts,” he informed Rajya Sabha.

The minister said two CPSEs have been profitable and four have been non-profit since 2014.

In another response, the ministry’s controlled enterprises’ production was affected by pandemics, domestic / global supply chain disruptions, frequent factory operations disruptions, and local containment measures. ..

10 CPSEs Report Profit in 2020-21: Minister of Heavy Industries

Source link 10 CPSEs Report Profit in 2020-21: Minister of Heavy Industries

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