India, Feb. 21 -- LUCKNOW Uttar Pradesh government's 39 out of 72 functional state public sector enterprises (SPSEs) earned a profit of only Rs.2169.50 crore while its 27 SPSEs incurred losses amounting to Rs.32,393.08 crore.

Four SPSEs did not submit their first financial accounts while two reported no profit no loss, as per their latest finalised financial statements, according to the Comptroller and Auditor General of India (CAG) report on SPSEs (for the period ending on March 31, 2023 ) tabled in the state legislative assembly on Friday.

The UP Power Corporation Limited (UPPCL) contributed to nearly 45% ( Rs.14572.24 crore) of the total losses of the SPSEs, it stated.

The CAG report pointed out that seven of the 27 SPSEs incurred a...