Post-pandemic recovery: 22 CPSEs back in black in FY22, shows data

Twenty-two loss-making central public sector enterprises (CPSEs) turned around in FY22 as post-pandemic recovery led to higher demand in many sectors, data from the Public Enterprises Survey 2021-22 shows.

Of the 22 CPSEs, nine reported losses for the past two consecutive years. The majority of CPSEs turning profitable were from power (4) and petroleum (3), civil aviation (3), railways (2), tourism (2), and steel (2) sectors.

Higher demand after the pandemic and a fall in expenditure helped these CPSEs increase their turnover and revenue.

Top CPSEs that turned profitable in FY22 include Mangalore Refinery & Petrochemicals, Rashtriya Ispat Nigam (RINL),