In accordance with the performance review conducted by the department of public enterprises (DPE) for 2019-2020, only 25 of the 144 Central Public Sector Enterprises (CPSEs) have been tagged as ‘excellent’. This figure is down by 10 from 35 as compared to 2018-2019 mainly due to depreciation of the rupee, stricter assessment and drop in net profits.
- Among other categories, 28 units are categorised as poor, 34 as very good, 32 as good; and 25 as fair.
- DPE shared this review with all ministries in a department note.
Aim behind this review:
Improving the performance of CPSEs and also to boost investor interest in these firms
Basis of Analysis:
In this annual review, DPE rates the CPSEs based on their performance against customary memoranda of understanding (MoUs) signed between the administrative ministries and individual CPSEs. This time the analysis was made with stricter benchmarks.
- The complete assessment for 2020-21 is likely to be done by January 2022,
Key Points:
i.Of the 25 CPSEs that have received the excellent tag, 7 come under the railways, 4 under power, 3 under defence, 2 each under shipping and atomic energy, 1 each under civil aviation, bio technology, housing, food and public distribution, mines, and some other sectors.
- Some excellent CPSEs are Indian Railway Catering And Tourism Corporation (IRCTC) ; Indian Railway Finance Corporation (IRFC); IRCON International Ltd; Shipping Corporation of India Ltd (SCI); Biotechnology Industry Research Assistance Council (BIRAC); Chandigarh International Airport Ltd (CHIAL); NTPC Ltd (formerly National Thermal Power Corporation Limited); Power System Operation Corporation; Power Grid Corporation of India Ltd; Artificial Limbs Mfg Corporation; SJVN Ltd (Satluj Jal Vidyut Nigam); National Backward Classes Finance Development Corporation; Hindustan Aeronautics Ltd; Mishra Dhatu Nigam Ltd; and Goa Shipyard Ltd, among others.
ii.The CPSEs under the poor category are Bharat Sanchar Nigam Ltd (BSNL); Mahanagar Telephone Nigam Ltd (MTNL); Broadcast Engineering Consultants India Ltd; National Film Development Corporation Ltd, Air India Ltd among others.
- These CPSEs also did not submit adequate documents.
iii.CPSEs are companies in which the Central Government holds 51% or more of the direct holding.
Click here to know about all the CPSEs & their Categories
Recent Related News:
On September 9, 2021, Union Minister Dharmendra Pradhan, Ministry of Education (MoE) released the 6th NIRF (National Institutional Ranking Framework) Rankings 2021 of Higher Educational Institutes (HEIs) of India in 11 categories from New Delhi.
About Department of Public Enterprises (DPE):
In July 2021, DPE became part of the Ministry of Finance. Earlier it came under the aegis of the Ministry of heavy industries.
The Department of Public Enterprises is the nodal department for all the Central Public Sector Enterprises (CPSEs) and formulates policy pertaining to CPSEs.
