The contribution of 30 working State public sector undertakings (SPSUs) of Telangana to the GSDP has declined from 8.36% in 2018-19 to 7.73% in 2019-20 to 6.76% in 2020-21, the Comptroller and Auditor General (CAG) report on the financial performance of SPSUs has found.
Further, the report tabled in the Assembly on Tuesday observed that the turnover of the 30 PSUs was 10.41% lower in 2020-21 compared to the previous year. Their turnover in 2020-21 was ₹66,316.99 crore against ₹74,021.19 crore in 2019-20. However, it has pointed out that COVID-19 pandemic could be attributed as one of the main reasons for the decline in their turnover.
Singareni Collieries Company Ltd, one of the major profit-making PSUs, bore the brunt of the pandemic as its revenue from coal operations was down by ₹5,921 crore in 2020-21 or a whopping 37% lower compared to the previous year “as a result of very poor demand for coal in the first half of the fiscal due to the pandemic”, the CAG report said.
