79 CPSEs with ₹49,508 crore negative net worth, CAG finds
This audit examined the financial performance, corporate governance, disinvestment, and CSR activities of 655 Central Public Sector Enterprises (CPSEs) for the year ended March 31, 2023.
Central Government Public Sector Enterprises (CPSEs), including Government companies, Government controlled other companies, and Statutory Corporations.
- CAG reported that 181 Government companies incurred losses totaling ₹45,250 crore during 2022-23.
- CAG noted that 210 Government companies had accumulated losses of ₹2,21,421 crore as on March 31, 2023.
- CAG found that the net worth of 79 companies was completely eroded by accumulated losses, resulting in an aggregate negative net worth of ₹49,508 crore.
- CAG reported that 26 CPSEs had total assets valued below their outstanding long-term loans.
- CAG stated that the Central Government's equity holding in CPSEs increased by ₹2,88,100 crore and long-term loans increased by ₹50,849 crore during 2022-23.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Audit report
2025
Tap “Open the PDF” above to view this document.
Document details
| Official title | Audit Report No. 23 of 2025- General Purpose Financial Reports of Central Public Sector Enterprises Government (Commercial - Compliance Audit) |
| Source body | Comptroller & Auditor General of India (CAG) — audit reports |
| Reference number | Report No. 23 of 2025 |
| Status | closed (audit_report) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |