Did You Know: 6 PSUs don't have enough to cover finance costs

Did you know six public sector units — HMT, ITI, FACT, MTNL, STC, MMTC — do not have enough EBIDTA to cover their finance costs. The finance cost in FY15 was Rs 2300 crore and these companies clocked negative EBIDTA of Rs 1560 crore.

The free float of all these companies is very small, baring MTNL, and hence their market cap is huge.

These companies have also posted rather high losses. The accumulated losses of these six companies stands over Rs 10,000 crore.

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