ONGC, IOC and Power Grid top profit-making CPSEs in FY22
The central public sector enterprises (CPSEs) posted a whopping 51% annual growth in aggregate net profit at Rs 2.49 trillion in FY22, with ONGC, Indian Oil and Power Grid emerging as the top profit-making CPSEs.
The top five CPSEs accounted for 41.57% and the top 10 accounted for 60.91% of the aggregate net profit in FY22, according to the Public Enterprises Survey 2021-22.
Oil & Natural Gas Corporation (ONGC) contributed the highest net profit at Rs 40,306 crore in FY22, up 258% on-year. IOC reported a net profit of Rs 24,184 crore while Power Grid‘s profit stood at Rs 17,094 crore in FY22.
