Dun & Bradstreet India Releases ‘India’s Top PSUs 2017’
28th July, 2017: Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insights, released the 10th edition of its premier publication ‘India’s Top PSUs 2017’ on Friday, 28thJuly, 2017. The importance of the PSU sector to the socio-economic development of the nation is clearly underscored by the fact the total employee strength in central public sector undertakings (CPSEs) stood at nearly 1.2.million (excluding contractual workers) in FY16.
The publication ‘India’s Top PSUs 2017’ isamongst the longest running and most reputed publications in the country thatprofiles central public sector enterprises (CPSEs) which are a part of theDepartment of Public Enterprises (DPE) list (operational enterprises as on31.03.2016); public sector scheduled commercial banks (SCBs) as defined by theReserve Bank of India (RBI) on 31.03.2016, excluding regional rural banks(RRBs); public sector insurance companies as defined by the InsuranceRegulatory and Development Authority of India (IRDAI) and other public sectorNBFCs/financial institutions formed by the Act of Indian Parliament.
‘India’s Top PSUs 2017’ continueswith the customary approach of profiling central public sector units (CPSUs)and also listing of the State PSUs. The ‘Overview’ section is based primarilyon in-depth analysis of the aggregate financial performance of all the CPSUs aswell as of those featured in the publication. Views of the industry veterans onopportunities and growth drivers about their respective sectors as well as thefuture plans have been encapsulated in the ‘Experts’ View’ section.
The 2017 edition of the publication profiles 170Central PSUs which include 131 companies from the non-financial segment, 21public sector banks, 8 insurance companies and 10 companies from the FIs/NBFCssegment.
Some of the key financial performance highlightsof the featured PSUs during FY16 are:-
• The aggregate total income of the 170 profiled CPSEsstood at around Rs. 31 trillion in FY16; showing a decline of nearly 2% as comparedto FY15
• In terms of share in aggregate total income, the oil– refining & marketing sector was the largest contributor with a share of30% in the aggregate total income of the profiled PSUs; followed by the bankingsector with a 23% share
• The aggregate net profit of the 170 profiled CPSEsstood at nearly Rs. 946.6 billion, showing a decline of nearly 32% as compared to FY15
• The aggregate net profit of the oil – refining &marketing recorded nearly 84% growth in FY16 compared to the previous year
• Maharatnas, which account for nearly 40% of theaggregate total income of CPSEs, recorded a 13% decline in their total incomein FY16