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ea=h] Hkkjh m|ksx ,oa yksd m|e Hkkjr ljdkj] ubZ fnYyh & 110011 MINISTER OF HEAVY INDUSTRIES & PUBLIC ENTERPRISES GOVERNMENT OF INDIA, UDYOG BHAWAN, NEW DELHI - 110011 Foreword The Public Enterprises Survey (2012-13) is the 53rd Survey in the series being laid in the Paliament. It presents an overview of the performance of Central Public Sector Enterprises (CPSEs) as on 31.3.2013. There were as many as 277 CPSEs out of which 229 were operating CPSEs as on 31st March, 2013. The CPSEs, as a group, continued to perform well during 2012-13. 2. The Gross Turnover of operating CPSEs has increased from `18,22,049 crore in 2011-12 to `19,45,777 crore in 2012-13 with a growth rate of 6.79 per cent over the previous year. The Agriculture sector recorded the highest growth in turnover of 23.26 percent during 2012-13 over the previous year, followed by ‘manufacturing’ with 10.15 percent growth and the ‘electricity’ sector with a growth of 6.18 percent. The ‘services’ sector showed a decline in revenue of 3.16 percent from operations during 2012-13, whereas it had recorded a significant growth (13.03 percent) in 2011-12. 3. The net profit of profit making CPSEs went up from `1,25,929 crore in 2011-12 to ` 1,43,559 crore in 2012-13 registering a growth of 14.00 percent. The loss of loss making CPSEs also increased marginally from R27,683 crore to ` 28,260 crore. The rate of growth in loss at 2.08 percent has been considerably less this year as compared to the last year’s growth rate of 26.89 percent. Thus, the profit making CPSEs have considerably increased their profit through various measures including considerable gain received from price / tariff revision. 4. The CPSEs have been serving the various macro-economic objectives of higher economic growth, equilibrium in balance of payments, infrastructure development, and lower prices. In this respect, they are a distinct entity of corporate India. The Maharatna and Navaratna CPSEs constitute the elite companies of India in sectors like, coal, petroleum, steel, heavy engineering, power supply, telecommunication and transportation. 5. Financial investment in all the 277 CPSEs as on 31.3.2013 stood ` 850599 crore as compared to ` 729298 crore in the previous year, showing a growth of 16.63 per cent. The CPSEs in the ‘services’ sector had the highest share in financial investment (50.85 percent) as on 31.3.2013. 6. The CPSEs have become an important choice of investment for both global and domestic investors. During 2012-13 disinvestment of part of Government shareholding was completed in case of 8 CPSEs. 7. Concerted efforts continue to be made by the Department of Public Enterprises for better professionalization of the Boards of CPSEs. During the year 2012-13, proposals for filling up 166 positions of non-official Directors on the Boards of 79 CPSEs were dealt with and suitable recommendations were conveyed to the concerned administrative Ministries/Departments. 8. The sick and loss making CPSEs have greatly benefited from the recommendations of the Board of Reconstruction of Public Sector Enterprises (BRPSE) that was set up in 2004. As compared to 90 sick CPSEs in March 2005, there were 79 sick CPSEs in March 2013. Out of the 47 CPSEs approved for revival, 19 sick CPSEs have been declared turn-around companies as they have posted profits consecutively for three or more years. 9. I congratulate the Department of Public Enterprises for bringing out yet another comprehensive Survey on the performance of Central Public Sector Enterprises. February, 2014 New Delhi (PRAFUL PATEL) Public Enterprises Survey 2012-2013: Vol-I (i) Hkkjr ljdkj] yksd m|e foHkkx Hkkjh m|ksx ,oa yksd m|e ea=ky; GOVERNMENT OF INDIA DEPARTMENT OF PUBLIC ENTERPRISES MINISTRY OF HEAVY INDUSTRIES & PUBLIC ENTERPRISES Preface The Department of Public Enterprises (DPE) under the Ministry of Heavy Industries and Public Enterprises is the nodal Department in the Government of India to provide, inter-alia, an overview on the financial and physical performance of Central Public Sector Enterprises (CPSEs). The Public Enterprises (PE) Survey is a consolidated report on the performance of all CPSEs and is being prepared as per the recommendations of the Estimates Committee (2nd Lok Sabha). The Estimates Committee, in their 73rd Report (1959-60), had recommended that in addition to the individual annual report of each enterprise laid on the Table of both the Houses of Parliament, a separate comprehensive report should be submitted to the Parliament indicating Government’s Kusumjit Sidhu, IAS total appraisal of the working of public enterprises. Accordingly, the first “Annual Report” (Public Secretary Enterprises Survey) was prepared by the erstwhile Bureau of Public Enterprises (now Department of Public Enterprises) in 1960-61 giving a consolidated picture of the performance of the Central Public Sector Enterprises. The Report is placed in the Parliament every year. 2. Besides statutory Corporations, the CPSEs comprise those Government Companies (defined under Section 617 of Companies Act, 1956) wherein more than 50% equity is held by the Central Government. The subsidiaries of these companies registered in India are also categorized as CPSEs. The Survey, however, does not cover departmentally run public enterprises, banking institutions, insurance companies and enterprises wherein Central Government equity is less than or equal to 50%. However, a chapter on Public Sector Insurance Companies is included in Volume I of the Survey. 3. In February, 2011, the Ministry of Corporate Affairs (MCA) issued a revised version of Schedule VI for preparing the financial statements of companies (including Government Companies) from Financial Year 2010-11 and onwards. Consequently, the Department of Public Enterprises constituted an Expert Group to recommend suitable changes in the extant Data Sheet of Public Enterprises Survey to accommodate the Revised Schedule VI under the Companies Act 1956 on 1.6.2012. The Committee submitted its report on 23.7.2012. It was subsequently deliberated upon by the executives of CPSEs dealing with finance in the Workshop held on 22.8.2012 by the Department. Like the Survey of 2011-12, the present Public Enterprises Survey (2012-13) is based on the Revised Schedule VI and contains the financial data for the three years of 2010-11, 2011-12 and 2012-13. 4. The Public Enterprises Survey (2012-13) is the 53rd Survey Report in the series. The basic data for the Public Enterprises Survey is compiled based on the Annual Reports/Accounts of individual enterprises for the financial year 2012-13 as well as the data provided on line by these enterprises in the detailed data sheet/questionnaire developed by the Department. The data so compiled have been further analyzed and presented in two separate volumes (i.e. Volume I & II). 5. While Volume-I contains the macro appraisal of the performance of CPSEs at the aggregate level in terms of the physical and the financial parameters,Volume-II contains enterprise-wise and cognate group-wise data for the three years of 2012-13, 2011-12 and 2010-11. Enterprises-wise data/report consists of summarized balance sheet, summarized profit and loss account, important management ratios and analysis of performance of the individual enterprises. 6. There were altogether 277 CPSEs (excluding 7 Insurance Companies) falling within the scope of the Survey 2012-13 (as on 31.3.2013) as against 260 CPSEs in 2011-12 (as on 31.3.2012). 7. Seventeen (17) new public sector enterprises, namely, Anushakti Vidyut Nigam Limited, Indian Railway Stations Development Corporation Ltd., Delhi Police Housing Corporation Ltd., Powergrid Public Enterprises Survey 2012-2013: Vol-I (iii) Chapter 1 Performance Overview 2012-13 The Estimates Committee, in their 73rd Annual Ltd., Modern Food Industries Ltd., Hindustan Zinc Ltd., Report (1959-60), had recommended that in addition Bharat Aluminum Company and Maruti Udyog Ltd., on to the individual annual report of each enterprise the other hand, which were CPSEs earlier, ceased to be laid on the Table of Both the Houses of Parliament, a CPSEs after their ‘privatization’. separate comprehensive report should be submitted to the Parliament indicating Government’s total appraisal Along with other public sector majors such as State of the working of Public Enterprises. Accordingly since Bank of India in the banking sector, Life Insurance 1960-61, Government of India has been bringing out Corporation in the insurance sector and Indian Railways annually a consolidated report on the performance of in transportation, the CPSEs are leading companies Central Public Enterprises. The present Report is the of India with significant market-shares in sectors 53rd Report in series. such as petroleum, (e.g. ONGC, GAIL and Indian Oil Corporation), mining (e.g. Coal India Ltd. and NMDC), Besides statutory corporations, the CPSEs comprise power generation (e.g. NTPC and NHPC), power those Government Companies (defined under Section transmission (e.g. Power Grid Corporation of India 617 of Companies Act, 1956) wherein more than Ltd.), nuclear energy (e.g. Nuclear Power Corporation 50 % equity is held by the Central Government. The of India Ltd.), heavy engineering (e.g. BHEL), aviation subsidiaries of these companies registered in India are industry (e.g. Hindustan Aeronautics Ltd. and Air also categorised as CPSEs. The Survey, however, does India Ltd.), storage and public distribution system (e.g. not cover departmentally run public enterprises, banking Food Corporation of India and Central Warehousing institutions, insurance companies and enterprises where Corporation), shipping and trading (e.g. Shipping in Central Government equity is less than or equal to Corporation of India Ltd, and State Trading Corporation 50%. of India Ltd.) and telecommunication (e.g. BSNL and MTNL).

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