INTRODUCTION The government-owned corporations are termed as Public Sector Undertakings (PSUs) in India In a PSU majority (51% or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments.
Arms & Ammunition and the allied items of defence equipments, defence air-crafts and warships Atomic Energy (except in the areas related to the operation of nuclear power and applications of radiation and radio-isotopes to agriculture, medicine and non-strategic industries) Railways transport, air transport etc. come under PSUs.
ROLE OF PUBLIC SECTORUNDERTAKINGS As agriculture is the backbone of Indian economy, Public Sector Banks (PSBs) play a crucial role in pushing the agricultural economy They are less concerned with making profits as compared to private sector but they need profits
The Indian Public Sector Undertakings are legal business entities A number of PSUs are highly profitable and denoted as ‘Maharatnas’ and Navaratnas. A prominent example of a Maharatna company is ONGC.
The Public Sector Undertakings of Indian Government, number more than 200 commercially functioning companies These undertakings are divided into two parts – state and central.
MAHARATNA COMPANIES Coal India Limited Indian Oil Corporation Limited NTPC Limited Oil & Natural Gas Corporation Limited Steel Authority of India Limited
NAVRATNA COMPANIES Bharat Heavy Electricals Limited Bharat Electronics Limited Bharat Petroleum Corporation Limited Hindustan Aeronautics Limited Hindustan Petroleum Corporation Limited Mahanagar Telephone Nigam Limited National Aluminium Company Limited National Mineral Development Corporation Limited
NAVRATNA COMPANIES Neyveli Lignite Corporation Limited Oil India Limited Power Finance Corporation Limited Power Grid Corporation of India Limited Rashtriya Ispat Nigam Limited Rural Electrification Corporation Limited Shipping Corporation of India Limited GAIL (India) Limited