Question : PROFIT EARNED BY PETROLEUM PSUS



(a) whether the public and private sector companies engaged in oil sector have earned net profit in the first nine months of the financial year 2007-2008;

(b) if so, the amount of profit earned by these companies during the said period, company-wise;

(c) the total value of business transacted by each of these companies during the said period; and

(d) the total amount invested in each of these companies as on March, 2007?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI MURLI DEORA)

(a) to (d): A Statement is laid on the Table of the House.

STATEMENTS REFERRED TO IN REPLY TO PARTS (a) TO (d) OF THE LOK SABHA STARRED QUESTION NO. 57 FOR 28.02.2008 REGARDING PROFIT EARNED BY PETROLEUM PSUs.

(a) to (c): ): The Profit After Tax and total turnover of the major Oil Public Sector Undertakings in the first nine months of the financial year 2007-08 are under:


(Rs. Crore) Name of the Oil PSUs Profit After Tax Total turnover ONGC 14074.55 44408.92 IOCL 7377.00 177223.00 BPCL 1522.18 86211.02 HPCL 750.38 73901.00 GAIL 1879.00 13073.00 OIL 1342.06 4291.77

However, Private Oil Companies are not under the administrative control of the Ministry of Petroleum and Natural Gas.

(d) The Paid-up Capital of the major Oil Public Sector Undertakings as on 31.03.2007 is as follows: (Rs. Crore)

Name of the Oil PSUs The Paid-up Capital of Oil PSUs (as on 31.03.2007) ONGC 2139.00 IOCL 1168.01 BPCL 361.54 HPCL 338.95 GAIL 845.65 OIL 214.00