Profit Making Maharatna (Central Public Sector Undertakings)

Net Profit for Financial Year 2020–21

S.No Maharatna Companies Net Profit (In Crore)
1 Coal India Limited (CIL) 16,700
2 National Thermal Power Corporation (NTPC) 14,969
3 Indian Oil Corporation Limited (IOCL) 14,569
4 Oil and Natural Gas Corporation (ONGC) 13,445
5 Power Grid Corporation of India (PGCIL) 9,939
6 Bharat Petroleum Corporation Limited (BPCL) 7,132
7 Hindustan Petroleum Corporation Limited (HPCL) 6,029
8 Gas Authority of India Limited (GAIL) 6,029
9 Steel Authority of India Limited (SAIL) 4,148
10 Bharat Heavy Electricals Limited (BHEL) 1034.82
Source: Secondary Data

Review of Literature
S.No. Authors Findings & Suggestions
According to a research, most companies practice a multi-faceted
version of CSR that runs the gamut from pure philanthropy to
1. Edmondson B, environmental sustainability. Well-managed companies seem less
(2020)
interested in totally integrating CSR with their business strategies
and goals, than in devising a cogent CSR programme aligned with
the company’s purpose and values.
CSR activities enable corporate organizations to give something to
2. Geethamani., society. It induced organizations to create church are economic and
(2017)
environmental innovation
A study was carried out to know: “Does CSR Create Shareholder
Value?” Evidence from the Indian Companies Act 2013 results
Hariom
3. Manchiraju suggested that mandatory CSR spending does have a positive and
and Shivaram
statistically significant impact on firm value. Researcher suggested
Rajgopal
(2017) that firms voluntarily choose CSR to maximize shareholder value.
One limitation of this study is that researchers did not 28 comment

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