Bhubaneswar:2/8/22: As many as 24 state public sector enterprises (SPSE) reported a profit of Rs 1686.08 crore in 2019-20 and 22 SPSEs had reported a profit of Rs 1174.30 crore in 2018-19, according to the comptroller and auditor general (CAG) report tabled in the Odisha Assembly on Monday.
On the other hand, seven units incurred a loss of Rs 304.52 crore in 2019-20 which was Rs 313.26 crore in 2018-19, the report said.
Similarly, out of the 33 public sector units, 11 companies and corporations had accumulated losses of Rs 5,778.34 crore in total by March 31, 2020, the CAG report added.
According to the report, out of the 24 profitable companies, nine enterprises of three departments have reported a profit of Rs 1566.49 crore which is 92.91 percent of the total profit amount. It was 88.36 percent in 2018-19.
Among the highly profitable enterprises of 2019-20, Odisha Mining Corporation (OMC) registered Rs 728.27 crore profit, Odisha Mineral Bearing Areas Development Corporation (OMBADC) Rs 427.20 crore, Odisha Power Generation Corporation (OPGC) Rs 171.48 crore, Odisha Hydro Power Corporation Ltd (OHPC) Rs 144.39 crore and Odisha Construction Corporation Ltd (OCCL) Rs 50.13 crore.
Odisha has 82 SPSEs as of March 31, 2020, consisting of 63 government companies, three statutory corporations, and 16 other government-controlled companies.