Five out of 32 state public sector undertakings operating in Orissa have incurred INR 276.5 crore loss in 2009-10. The PSUs are

Grid Corporation of Orissa- Gridco (INR 146.52 crore)
Orissa Power Transmission Corporation-OPTCL (INR 76.47 crore)
Konark Jute (INR 9.9 crore)
Idcol Kalinga Iron Works (INR 39.61 crore)
Orissa Pisciculture Development Corporation-OPDC (INR 4 crore)

According to information provided by Mr AU Singh Deo minister for planning & coordination on the floor of the house, Gridco which made a profit of INR 566.05 crore and INR 98.13 crore in 2007-08 and 2008-09 respectively plunged into red in 2009-10.

Two state PSUs-Agriculture Promotion and Investment Corporation of Orissa Ltd (Apicol) and Orissa State Civil Supplies Corporation neither registered profit nor incurred loss during 2009-10.

The most profitable PSU was Orissa Mining Corporation which clocked a profit of INR 716.86 crore in 2009-10. OMC posted profits of INR 1052.85 crore and INR 1236.87 crore in 2007-08 and 2008-09 respectively. Next is the Industrial Infrastructure Development Corporation of Orissa Ltd which recorded a profit of INR 58.40 crore in the last fiscal.

(Sourced from BS)