INDIACSR News Network
NEW DELHI: Gross revenue or turnover from operating Central Public Sector Enterprises (CPSEs) have been robust during the last two years.
Gross revenue of CPSEs increased by 22.96 percent in 2011-12 over 2010-11. As per the Public Enterprises Survey 2011-12, tabled in Parliament recently, the manufacturing sector recorded the highest growth in turnover (27.73%) during 2011-12.
This was followed by ‘mining’ with a 17.73% growth during the same period. The ‘electricity’ sector registered a 16.17 per cent growth in revenue during 2011-12. The revenue from operations in ‘services’ and ‘agriculture’ sector showed marginal improvement, over the previous year, with a growth of 12.83% and 8.33% respectively during 2011-12.
There was, moreover, much variation from industry to industry. There was significant decline in revenue in CPSEs belonging to industries like medium & light engineering, chemicals & pharmaceuticals and telecommunications services.