Which Central Public Enterprise has borne loss in India in the year 2014-15?
Bharat Sanchar Nigam Ltd.
Central Public Enterprise Financial Performance in 2014-15
Central Public Enterprises (CPEs) are government-owned corporations in India that play a significant role across various sectors of the economy. Understanding their financial performance, including whether they are profitable or incur losses, is crucial for assessing their efficiency and contribution to the national exchequer. The question specifically asks to identify which Central Public Enterprise among the given options bore a loss in India during the financial year 2014-15.
Bharat Sanchar Nigam Ltd. (BSNL) and its Losses
Bharat Sanchar Nigam Ltd. (BSNL) is a prominent state-owned telecommunications service provider in India. During the financial year 2014-15, BSNL faced severe competition from private telecom operators, leading to a decline in its market share and revenues. Compounded by high operational costs, a large workforce, and delays in modernizing its infrastructure, BSNL reported significant financial losses during this period.
The company has historically struggled with profitability and continued to incur losses in FY 2014-15, making it a key Central Public Enterprise that was not financially robust at that time.
Other Central Public Enterprises' Financial Performance
To accurately answer the question, it's important to consider the financial standing of the other Central Public Enterprises listed as options for the fiscal year 2014-15:
- Oil and Natural Gas Corporation (ONGC): ONGC is India's largest crude oil and natural gas company. It is a 'Maharatna' Central Public Enterprise and a consistently profitable entity. Despite fluctuations in global crude oil prices, ONGC maintained its profitability in 2014-15 due to its strong production base and strategic investments.
- National Mineral Development Corporation (NMDC): NMDC is India's largest iron ore producer and a 'Navratna' Central Public Enterprise. It has a track record of being highly profitable. In 2014-15, NMDC continued to post healthy profits driven by stable demand for minerals.
- Coal India Ltd. (CIL): Coal India Ltd. is the world's largest coal producer and a 'Maharatna' Central Public Enterprise, playing a critical role in India's energy security. Coal India Ltd. has consistently been a highly profitable company, and it reported substantial profits during the financial year 2014-15 as well.
Comparative Financial Performance (FY 2014-15)
| Central Public Enterprise | Sector | General Financial Status (FY 2014-15) |
|---|---|---|
| Bharat Sanchar Nigam Ltd. (BSNL) | Telecommunications | Incurred significant loss |
| Oil and Natural Gas Corporation (ONGC) | Oil & Gas Exploration/Production | Profitable |
| National Mineral Development Corporation (NMDC) | Mining (Iron Ore) | Profitable |
| Coal India Ltd. | Coal Mining | Profitable |
Central Public Enterprise Loss Summary
Based on the analysis of their financial performance in the year 2014-15, among the given Central Public Enterprises, Bharat Sanchar Nigam Ltd. (BSNL) was the company that bore a loss. The other major public sector undertakings, Oil and Natural Gas Corporation (ONGC), National Mineral Development Corporation (NMDC), and Coal India Ltd., were all profitable during the same period.
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2. Distance between the longitudes is maximum on the Equator.
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Which of the statements given above is/are correct?
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