ONGC among top financial performers
Dated : 27 March 2017 11:55:10 AM
ONGC has featured among the public enterprises with the best financial performance. Various financial parameters like Net profit, Dividends paid, Market Capitalization, Investments made were considered as the criteria to rank the CPSEs.
The recent Public Enterprises Survey (2015-16), brought out by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, on the performance of Central Public Sector Enterprises (CPSEs), was placed on both houses of the Parliament on 21 March 2017.
There were 320 CPSEs in 2015-16, out of which 244 were in operation. Whereas the total (overall) Net profit of the CPSES increased from 1,02,866 crore in 2014-15 to Rs. 1,15,767 crore in 2015-16 ( a growth of 12.54 per cent), the total Market Capitalization (of the 46 CPSEs traded on BSE) decreased 16.62 per cent from Rs. 13,27,393 crore on 31 March 2015 to Rs. 11,06,766 crore on 31 March 2016.