The Public Enterprises Survey 2007-08 said that fiscal year 2007-08 was a good year for the Oil and Natural Gas Corp, which earned a profit of INR 16,702 crore, almost thrice its nearest rival Steel Authority of India Limited.
On the other extreme was National Aviation Company, formed as a holding company after the merger of Air India and Indian Airlines in 2007, incurred a loss of INR 2,226 crore during the year. The other big loss making Central enterprises were National Textile Corporation INR 1,515 crore and Eastern Coalfields INR 1,004 crore.
In addition to ONGC and SAIL, the other state run firms that posted impressive profits during the year were NTPC INR 7,415 crore, Indian Oil Corporation INR 6,963 crore and National Mineral Development Corporation INR 3,251 crore.
In terms of overall ranking, NMDC was placed on the top followed by Mangalore Refinery, SAIL and Manganese Ore Ltd.
The India government survey said that the number of profit making CPSEs went up to 159 from 154 a year ago and also their profits to INR 91,140 crore from INR 89,578 crore during the period.
| Name of the Enterprises Net Profit (Rs. in Crores) |
| 1. Oil & Natural Gas Corpn. Ltd. 12983.05 |
| 2. Bharat Sanchar Nigam Ltd 10183.29 |
| 3. Steel Authority of India Ltd. 6816.97 |
| 4. National Thermal Power Corporation Ltd. 5807.01 |
| 5. Indian Oil Corporation Ltd. 4891.38 |
| 6. Rashtriya Ispat Nigam Ltd. 2008.09 |
| 7. Gail ( |
| 8. Nuclear Power Corpn. of India ltd. 1704.59 |
| 9. Shipping Corporation of India Ltd. 1419.91 |
| 10. Coal India Ltd. 1324.92 |
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