Government's Public Enterprises Survey FY 2021-22
The Department of Public Enterprises (DPE) recently released Public Enterprises Survey 2021-22 which presents a summary of the financial performance of Central Public Sector Enterprises for the Financial Year 2021-22. The Section 2 (45) of Companies Act, 2013 defines Government Company to mean – any company in which not less than 51 percent of the paid-up share capital is held by Central and/or State Government and includes a company which is a subsidiary company of such a Government Company.
The survey presents the picture of 389 CPSEs which includes 248 Operating CPSEs. As per the survey, the total Paid-up Capital of all CPSEs was Rs. 3.69 lakh crore and Total Financial Investments in all CPSEs was Rs. 22.81 lakh crore as on March 31, 2022. Total Gross Revenue from the operations of operating CPSEs during FY 2021-22 was Rs. 31.95 lakh crore while net Profit of profit-making CPSEs stood at Rs. 2.64 lakh crore in FY 2021-22. Net Worth of all CPSEs increased from Rs. 13.81 lakh crore as on March 31, 2021 to Rs. 15.58 lakh crore as on March 31, 2022, showing an increase of 12.81%. Contribution of all CPSEs to Central Exchequer by way of excise duty, custom duty, GST, corporate tax, interest on Central Government loans, dividend, and other duties and taxes stood at Rs. 5.07 lakh crore in FY 2021-22.
