The Prime Minister’s Office (PMO) has decided that about Rs. 1.42 lakh crore will be utilised from the surplus of 23 profitable Central PSUs like ONGC, Oil India, GAIL, Indian Oil, SAIL, NMDC, Power grid, NHPC, NTPC, Coal India etc.
Many of the PSUs have exceeded their revenue target and are performing well. The government wants to tap it all to reduce its financial stability.
It was in the same way that all the surplus cash of BSNL was taken away by government in some form or other.
High performance of some of the PSUs are given below. They have achieved either more than the targets or very near to targets:
Neyveli Lignite Corpn : 108%
Power Grid : 100%
Indian Oil : 97%
NTPC : 94%
ONGC : 89%
Oil India : 83%
NHPC : 81%
What is the target achievement for BSNL? Why not BSNL could achieve some thing similar?