Jammu, Feb. 18 -- Out of the 44 public sector undertakings in Jammu and Kashmir, 24 are making losses and four are non-functional, the Union Territory government informed the Assembly on Tuesday.

The government said it is examining ways to strengthen the sick PSUs and improve their operational and financial performance.

In a written reply to a question by legislator Javaid Riyaz, Deputy Chief Minister Surinder Kumar Choudhary said the Union Territory has 10 profit-making PSUs, 24 loss-making PSUs, four non-functional PSUs, two statutory corporations, and one dormant PSU.

He identified the profit-making PSUs as J&K Bank, J&K State Power Development Corporation Limited, J&K Medical Supplies Corporation Limited, J&K Cable Car Corporation ...