An Enquiry into the Production Pattern of Select Maharatnas (SAIL, CIL, ONGC and NTPC): Post-2000

Abstract

Public sector enterprises have been set up to serve the broad macro-economic objectives of higher economic growth, self-sufficiency in production of goods and services, long term equilibrium in balance of payments and low and stable prices. Many of the CPSEs are also in the allocative business of natural resources. As on 31.3.2014 there were 290 Central Public Sector Enterprises consisting of 234 operating CPSEs and 56 CPSEs under construction. The turnover of all 234 operating CPSEs during 2013-14 stood at 20,61,866 crores as compared to 19,45,814 crores of 230 operating CPSEs in the previous year. Indian PSUs have developed a formidable franchise, with leadership positions in sectors like Oil and Gas, Financials, Utilities, Mining and Heavy Engineering controlling 60% - 90% market share. Over the years, they have played a significant role in the growth of the Indian economy – therefore their production pattern has been analysed using Basic Control Chart.