HYDERABAD: Out of 30 public sector undertakings (PSUs) in Telangana which had furnished their accounts and information, 12 PSUs earned profits of Rs 728.63 crore, 16 PSUs incurred losses of Rs 10,295 crore and two PSUs reported neither profit nor loss, according to CAG report for 2020-21.
Major profit-making PSUs are Singareni Collieries Company Ltd (SCCL) (Rs 272.64 crore), TS Power Generation Corporation Ltd (Rs 168.80 crore), Transmission Corporation of Telangana Ltd (Rs 206.77 crore) and TS Forest Development Corporation Ltd (Rs 51.83 crore). Only one company SCCL declared a dividend of Rs 173.32 crore. However, the profits of 12 PSUs were offset by the losses incurred by TSSPDCL (Rs 4,622.60 crore), TSNPDCL (Rs 2,440.36 crore), TSRTC (Rs 2,329.23 crore) and TS Housing Corporation Ltd (Rs 733.15 crore).
