A Report on Public Sector Undertakings in India

REPORT ON
PUBLIC SECTOR
UNDERTAKINGS IN INDIA
PARTH MEHTA

Report on Public Sector Undertakings of India
TABLE OF CONTENTS
INTRODUCTION TO PUBLIC SECTOR .................................................................................... 3
HISTORY OF PUBLIC SECTOR IN INDIA................................................................................ 3
ROLE OF PUBLIC SECTOR IN THE INDIAN ECONOMY...................................................... 5
CLASSIFICATION OF PUBLIC SECTOR UNDERTAKINGS .................................................. 8
1. The Maharatnas:...................................................................................................................... 8
2. The Navratnas:........................................................................................................................ 9
3. The Miniratnas (I & II):........................................................................................................ 10
SUMMARY.............................................................................................................................. 13
TOP 10 PUBLIC SECTOR UNDERTAKINGS OF INDIA........................................................ 14
10. BHARAT HEAVY ELECTRICALS LIMITED (BHEL).................................................. 14
9. POWER FINANCE CORPORATION................................................................................. 15
8. HINDUSTAN PETROLEUM .............................................................................................. 15
7. POWER GRID CORPORATION OF INDIA...................................................................... 16
6. GAS AUTHORITY OF INDIA LIMITED (GAIL) ............................................................. 16
5. COAL INDIA LIMITED...................................................................................................... 17
4. BHARAT PETROLEUM CORPORATION LIMITED (BPCL)......................................... 17
3. NATIONAL THERMAL POWER CORPORATION (NTPC) ........................................... 18
2. OIL AND NATURAL GAS CORPORATION (ONGC)..................................................... 18
1. INDIAN OIL CORPORATION LIMITED (IOCL)............................................................. 19
BIBLIOGRAPHY......................................................................................................................... 20

INTRODUCTION TO PUBLIC SECTOR
The public sector is that portion of an economic system that is controlled by national, state or
provincial, and local governments.
It is that part of national economy providing basic goods or services that are either not, or cannot
be, provided by the private sector. It consists of national and local governments, their agencies,
and -their chartered bodies. The public sector is one of the largest sectors of any economy.
The composition of the public sector varies by country, but in most countries the public sector
includes such services as the military, police, infrastructure (public roads, bridges, tunnels, water
supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along
with health care and those working for the government itself, such as elected officials.
A state-owned enterprise in India is called a Public Sector Undertaking (PSU) or a Public Sector
Enterprise. These companies are owned by the union government of India, or one of the
many state or territorial governments, or both. The company stock needs to be majority-owned
by the government to be a PSU. PSUs may be classified as Central Public Sector Enterprises
(CPSEs), public sector banks (PSBs) or State Level Public Enterprises (SLPEs).
HISTORY OF PUBLIC SECTOR IN INDIA
India was primarily an agricultural country with a weak industrial base at the time of its
independence in 1947. The national consensus was in favour of rapid industrialisation of the
economy which was seen as the key to economic development, improving living standards and
economic sovereignty.
Prior to 1947, public sector investment was limited to the railways, the post and telegraphs
department, the ordnance (defence) factories and a few state managed factories like the quinine
factories, salt factories etc.
At the time of Independence, activities of the public or were restricted to a limited field like
irrigation, power, railways, ports, communications and some departmental undertakings. After
Independence, the area of activities of the public sector expanded at a very rapid speed. To
assure the private sector that its activities will not unduly curbed, two industrial policy
resolutions were issued in 1948 and 1956 respectively.
These policy resolutions divided the industries into different categories. Some fields were left,
entirely for. the public sector, some fields were divided between the public and the private sector
and some others were left totally to the private sector.

A cursory glance at the division of fields of industrial activity into the public and private sectors
clearly brings out, that while heavy and basic industries were kept for the public sector, the entire
field of consumer goods industries (having high and early returns) was left to the private sector.
Outside the industrial field, while most of the banks, financial corporations, railways, air
transport, etc., are in the public sector, the entire agricultural sector (which is the largest sector of
the economy) has been left for the private sector.
The first industrial policy was announced in 1948, it laid down broad contours of the strategy of
industrial development. Subsequently, the planning commission was constituted in 1950 and the
Industrial (Development and Regulation) Act was enacted in 1951 with the objective of
empowering the government to take necessary steps to regulate industrial development.
The major consideration for the setting up of PSUs was to accelerate the growth of core sectors
of the economy; to serve the equipment needs of strategically important sectors, and to generate
employment and income. A large number of "sick units" were taken over from the private sector.
Indira Gandhi's government nationalised fourteen of India's largest private banks in 1969, and an
additional six in 1980. This government-led industrial policy, with corresponding restrictions on
private enterprise, was the dominant pattern of Indian economic development until the 1991
Indian economic crisis. After the crisis, the government began dis-investing its ownership of
several PSUs to raise capital and privatise companies facing poor financial performance and low
efficiency.
The growth of public enterprises in India has taken place in two ways:
(a) By nationalising existing enterprises and
(b) By starting new enterprises.
The State Bank of India, LIC, the Air India, nationalisation of 20 banks etc. are included in the
first category, while the Hindustan Steel Ltd., the Fertilizer Corporation of India etc. fall in the
second category.

ROLE OF PUBLIC SECTOR IN THE INDIAN ECONOMY
The public sector in India has been criticized a lot by the supporters of the private sector who
have chosen to shut their eyes towards the achievements of the public sector.
Following are the points that highlight the role of public sector in the Indian Economy:
1. Creation of Job Opportunities:
Public sector is the targets employed organisation sector. Nearly 70 % of labourers are working
in public sector i.e. out of 235 lakhs labourers, approximately 195 lakh are engaged in the
organised public sector. More than 17 lakh people are employed in the Indian railways. After the
nationalisation of banks, i.e., 1969 the performance graph of the public sector units is rising.
2. Strong Industrial Base:
The contribution of industrial sector i.e., manufacturing, construction, electricity in GDP at
Factor Cost has raised slowly and steadily during the plan periods. It was only 13.3 % in 1950-51
to 21.6 % in 1980-81 and further to 24.5 % in 2 003-04. However, the contribution of agriculture
in GDP at Factor Cost declined from 59.2 % from 1950-51 to 41.8 % in 1980-81 to 24 % in
2003-04.
Hence, industrial base is more better in now, in compare to what was in 1950-51. During the plan
period, most of the industries like iron-steel, heavy engineering, coal, heavy electrical
machinery, petroleum and natural gas chemicals and drugs, fertilizers and defence have
increased remarkably.
3. Development of Infrastructure:
Infrastructure is considered as the backbone of the Indian economy. The economic development
and infrastructure are positively co-related. Like agricultural development cannot be possible
without irrigation facility, similarly without proper transportation and communication industrial
development is impossible.
Therefore, during the post-independence period the Government had taken several initiatives to
make the process of industrialisation technically and financially strong. The large industries are
set up with proper capital formation regarding the development of all types of transport, power
and effective resource mobilisation. The main aim behind building all the PSUs was to make
better economic development in future.

4. Capital Formation and Public Sector:
The PSUs are playing a dominant role to channelize savings into regular investment. In the 1st
and 2nd five year plans 54 % of total investment was in public sector and in 3rd plan it had
increased further to 60 %. However, thereafter there was tremendous fall in invest rate, i.e., 45.7
% in 7th plan, 34.3 % in 8th plan and 29.5 % in ninth plan.
During last two and half decades the shares of CDs in PSUs were also drastically falling. It was
19.6 % in 6th plan, 11.1 per cent on 7th plan, 6.6 % on 8th plan and 5.8 % on 9th plan. Again,
the share of GDCF in PSUs was 44.6 % during 6th plan, 31.7 % during 8th plan and 27.3 on 9th
plan. All these imply that the private sectors are getting more importance.
5. Export Promotion and Import Substitution:
The number of PSUs like Bharat Heavy Electricals Ltd. HMT Ltd, Hindustan Steels Ltd., State
Trading Corporations have contributed lot for increasing the foreign exchange reserve had
increased from Rs. 35 crores in 1965-66 to Rs. 34890 crores to 2004-05 due to increase in export
promotion. On the contrary, the PSUs like Bharat Electronics Ltd., IOC, ONGC, IDPL etc. are
also playing extra ordinary performances to save our foreign exchange, with the effective policy
of import substitution.
6. Social Welfare:
Recording to Prof. Saraceno, “Our objective is not to make steel and cars but to use steel and car
making as a tool for social change and economic progress”. It is the public sector, which always
thinks for the growth and welfare of the weaker sections of the country. Public sector is always
working with the motive of social welfare maximisation. Most of public sectors run with the
motive of no profit and no loss ideology.
7. Economic Growth:
Public sector plays a key role to achieve a sustainable economic development. It makes the
country strong and self-reliant, with the policy of export promotion and import substitution.
It also takes huge endeavour to remove regional imbalances within the country. It channelizes
the complete banking facility and process of industrialisation not only in the main cities and
towns of Indian villages. Most of the backward areas like Jharkhand, Orissa, Madhya Pradesh,
and Rajasthan etc. are all under the process of industrialisation.

8. Positive Check on Monopoly Control:
Public sector has the potential to reduce inequalities of income and wealth and concentration of
monopoly power in different ways, like;
(a) Channelize the profits on the social welfare programmes;
(b) Supply the important raw materials at low prices to the small and tiny scale industries;
(c) Increase the minimum wages to the labourers;
(d) Production of socially required necessary goods etc.
9. Add Revenues to the Government Treasury:
Public sector units add huge revenue to the Government treasury through excise duty, customs
duty, dividend, profits and other direct taxes. Thus, it will help to increase a bulk amount of
resources for a sustainable planned economic growth. Public sector contributed Rs.7,600 crores
in 1980-81 and then raised the contribution to Rs. 1,10,600 crores in 2004-05.

CLASSIFICATION OF PUBLIC SECTOR UNDERTAKINGS
The Public Sector Enterprises in India are classified under 5 main categories:
1. The Maharatnas:
Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect
from 19th May, 2010, in order to empower mega CPSEs to expand their operations and emerge
as global giants. The objective of the scheme is to delegate enhanced powers to the Boards of
identified large-sized Navratna CPSEs so as to facilitate expansion of their operations, both in
domestic as well as global markets.
Eligibility Criteria for grant of Maharatna status
CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status:
1. Having Navratna status
2. Listed on the Indian stock exchange, with a minimum prescribed public shareholding under
SEBI regulations
3. An average annual turnover of more than Rs. 20,000 crore during the last three years
4. An average annual net worth of more than Rs.10,000 crore during the last three years
5. An average annual net profit of more than Rs. 2,500 crore during the last 3 years
6. Significant global presence or international operations.
List of Maharatnas
1. Bharat Petroleum Corporation Limited (BPCL)
2. National Thermal Power Corporation (NTPC)
3. Oil and Natural Gas Corporation (ONGC)
4. Steel Authority of India Limited (SAIL)
5. Bharat Heavy Electricals Limited (BHEL)
6. Indian Oil Corporation Limited (IOCL)
7. Coal India Limited (CIL)
8. Gas Authority of India Limited (GAIL)

2. The Navratnas:
Under this scheme, the Government has delegated higher powers to CPSEs having a comparative
advantage and the potential to become global players. The government introduced the Navratna
scheme in 1977.
The current criteria for grant of Navratna status are size neutral. Over the years, some of the
Navratna companies have grown very big and have considerably larger operations than their
peers. It was felt that these CPSEs which are at the higher end of the Navratna category and have
potential to become Indian Multinational Companies (MNCs), can be recognized as a separate
class, i.e. „Maharatna‟. The proposed higher category will act as an incentive for other Navratna
companies, provide brand value and facilitate delegation of enhanced powers to CPSEs.
List of Navratnas
1. Bharat Electronics
2. Container Corporation of India (CONCOR)
3. Engineers India
4. Hindustan Aeronautics Limited (HAL)
5. Hindustan Petroleum Corporation Limited (HPCL)
6. Mahanagar Telephone Nigam Limited (MTNL)
7. National Aluminium Company (NALCO)
8. National Buildings Construction Corporation (NBCC)
9. National Mineral Development Corporation (NMDC)
10. Neyveli Lignite Corporation
11. Oil India Limited (OIL)
12. Power Finance Corporation
13. Power Grid Corporation of India
14. Rashtriya Ispat Nigam Limited
15. Rural Electrification Corporation
16. Shipping Corporation of India

3. The Miniratnas (I & II):
In October 1997, the Government decided to grant enhanced autonomy and delegation of
financial powers to some other profit making companies (other than the Navratnas) subject to
certain eligibility conditions and guidelines to make them efficient and competitive. These
categories were Category I and Category II
Category I CPSEs should have made profit in the last three years continuously, the pre-tax
profit should have been Rs. 30 crore or more in at least one of the three years and should have a
positive net worth.
Category II CPSEs should have made profit for the last three years continuously and should
have a positive net worth.
These CPSEs have enhanced delegated powers provided they meet the following eligibility
conditions and criteria:
1. They have not defaulted in the repayment of loans/interest payment on any loans due to the
Government
2. These public sector enterprises shall not depend upon budgetary support or Government
guarantee.
3. The Boards of these CPSEs should be restructured by inducting at least three non-official
Directors as the first step before the exercise of enhanced delegation of authority.
4. The administrative ministry concerned shall decide whether a public sector enterprise fulfilled
the requirements of a category I/category II company before the exercise of enhanced powers.
List of Miniratnas – I
1. Airports Authority of India
2. Antrix Corporation
3. Balmer Lawrie
4. Bharat Coking Coal Limited
5. Bharat Dynamics
6. Bharat Earth Movers
7. Bharat Sanchar Nigam Limited (BSNL)
8. Bridge and Roof
9. Central Warehousing Corporation
10. Central Coalfields Limited
11. Chennai Petroleum Corporation
12. Cochin Shipyard
13. Dredging Corporation of India

14. Educational Consultants India
15. Kamarajar Port
16. Garden Reach Shipbuilders & Engineers
17. Goa Shipyard
18. Hindustan Copper
19. HLL Lifecare
20. Hindustan Newsprint
21. Hindustan Paper
22. Housing and Urban Development Corporation
23. HSCC
24. India Tourism Development Corporation
25. India Trade Promotion Organisation
26. Indian Rare Earths
27. Indian Railway Catering and Tourism Corporation
28. Indian Renewable Energy Development Agency
29. Ircon International
30. Kudremukh Iron Ore Company
31. Mazagaon Dock Limited
32. Mahanadi Coalfields
33. MOIL
34. Mangalore Refinery and Petrochemicals Limited
35. Mishra Dhatu Nigam
36. MMTC Ltd.
37. MSTC Ltd.
38. National Fertilizers
39. National Small Industries Corporation Limited
40. National Seeds Corporation
41. NHPC Ltd.
42. Northern Coalfields
43. North Eastern Electric Power Corporation Limited
44. Numaligarh Refinery
45. ONGC Videsh
46. Pawan Hans
47. Projects and Development India Limited
48. RailTel Corporation of India
49. Rail Vikas Nigam Limited
50. Rashtriya Chemicals & Fertilizers
51. RITES
52. SJVN Ltd.
53. Security Printing and Minting Corporation of India

54. South Eastern Coalfields
55. State Trading Corporation of India
56. Telecommunications Consultants India
57. THDC Ltd.
58. Western Coalfields
59. Water and Power Consultancy Services
List of Miniratnas - II
1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors
3. Broadcast Engineering Consultants India
4. Central Mine Planning and Design Institute
5. Central Railside Warehouse Company
6. Engineering Projects
7. FCI Aravali Gypsum and Minerals (India) Limited
8. Ferro Scrap Nigam Limited
9. HMT (International) Ltd.
10. Indian Medicines & Pharmaceuticals Corporation Limited
11. MECON
12. Mineral Exploration Corporation Limited
13. National Film Development Corporation of India
14. PEC Ltd.
15. Rajasthan Electronics & Instruments Limited

SUMMARY
Particulars Maharatna Navratna Miniratna – I Miniratna – II
Eligibility
Three years with an
average annual net
profit of over Rs.
5000 crore, OR
Average annual Net
worth of Rs. 10,000
crore for 3 years, OR
Average annual
Turnover of Rs.
20,000 crore for 3
years (against Rs
25,000 crore
prescribed earlier)
A score of 60 (out of
100), based on six
parameters which
include net profit,
net worth, total
manpower cost, total
cost of production,
cost of
services, PBDIT
(Profit Before
Depreciation,
Interest and Taxes),
capital employed,
etc., AND
A company must
first be a Miniratna
and have 4
independent
directors on its board
before it can be
made a Navratna.
Have made profits
continuously for
the last three years
or earned a net
profit of Rs. 30
crore or more in
one of the three
years
Have made profits
continuously for the
last three years and
should have a
positive net worth.
Benefits for
Investment
Rs. 1,000 crore - Rs.
5,000 crore, or free to
decide on investments
up to 15% of their net
worth in a project
up to Rs. 1,000 crore
or 15% of their net
worth on a single
project or 30% of
their net worth in the
whole year (not
exceeding Rs. 1,000
crores).
up to Rs. 500 crore
or equal to their net
worth, whichever is
lower
up to Rs. 300 crore
or up to 50% of
their net worth,
whichever is lower

TOP 10 PUBLIC SECTOR UNDERTAKINGS OF INDIA
10. BHARAT HEAVY ELECTRICALS LIMITED (BHEL)
Bharat Heavy Electricals was incorporated in the year 1964 and the company is one of the giants
in power plant equipment manufacturing.
It controls approximately 60% of power plant equipment capacity in the country. They have
close to about 42,000 employees and the company believes in providing sustainable business
solutions to its clients. They have also established their presence overseas with projects in Oman,
Malaysia, New Zealand, Egypt, UAE to name a few.
Globally, the company has a power generating bas of 170GW and thereby playing a vital role in
securing the energy needs of the country. The company is able to achieve this feat as an
engineering and technology giant by striving to maintain highest standards of quality in all their
works and competing globally against some of the best firms in their industry.
BHEL is ranked as Tenth best PSU in India with market capitalisation of Rs. 43,004 Crores and
Net income and net profits of Rs. 28,617 crores and Rs. 639 crores respectively.

9. POWER FINANCE CORPORATION
The Power Finance Corporation was setup in the year 1986, and has been a strong player in
India.
It was made in acknowledgement of the fact there is a dire need of power infrastructure in the
country and the capital needs since it is a long- term commitment. It was setup as a non-banking
financial institution and registered with Reserve Bank of India.
Power Finance Corporation is ranked as nineth best PSU in India with market capitalisation of
Rs. 21,054 Crores and Net income and net profits of Rs. 27,809 crores and Rs. 6,795 crores
respectively.
8. HINDUSTAN PETROLEUM
Hindustan Petroleum Corporation was first established in 1952 as Standard Vacuum Refining
company. HPCL owns two refineries in Mumbai and Vishakapatnam, which are the spine of the
business of the company.
The capacity of refinery in Mumbai is 6.5 MMTPA and at Vishakapatnam is 8.3 MMTPA. It has
a pipeline network spanning approximately 3000 kms for transporting petroleum and allied
products. The corporation constantly strives to provide excellent innovative products and
services to both domestic as well as international customers. They focus on profitable growth
and also deliver high returns to their shareholders.
HPCL is estimated to have some 5.3 crore customers and around 4500 dealers throughout the
country. Hindustan Petroleum is ranked as Eighth best PSU in India with market capitalisation of
Rs. 18,141 Crores and Net income and net profits of Rs. 1,77,694 crores and Rs. 5,942 crores
respectively.

7. POWER GRID CORPORATION OF INDIA
The Power Grid Corporation was incorporated in the year 1989 primarily for the purpose of
power transmission in the country.
The company was to design, plan and operate power transmission from plants to the consumers.
The challenge was not only in putting the infrastructure in place but also in deploying state of the
art technology and aligning it with the needs of public and private power generators.
The corporate accounts for nearly half the power distribution in the country and it began its
operations in 1991. The company has assets spread all over India with headquarters in Gurgaon,
Haryana and they have approximately 1,35,000 km of transmission network.
Power Grid Corporation Limited is ranked as Seventh best PSU in India with market
capitalisation of Rs. 96,113 Crores and Net income and net profits of Rs. 24,763 crores and Rs.
7,202 crores respectively.
6. GAS AUTHORITY OF INDIA LIMITED (GAIL)
The company was incorporated in 1984 with the view to explore, develop, create and maintain
natural gas infrastructure in the country. The company went for an initial public offering in 1996.
The company‟s core vision is to optimize the use of natural gas and thus contribute to the nation
building in an efficient as well as effective manner. They strive to hold highest standards of
ethics, safety and safeguarding the interests of their shareholders in all their ventures and
projects.
GAIL is ranked as Sixth best PSU in India with market capitalisation of Rs. 53,050 Crores and
Net income and net profits of Rs. 46,448 crores and Rs. 4,077 crores respectively.

5. COAL INDIA LIMITED
Coal India Limited was incorporated in the year 1975 as the only state mining company. It is one
of the largest producers of coal in the world today. The three main core industries Steel, Power
and Cement which reflect the health of the economy are major consumers of coal in the country.
It is also worth noting that coal based power generation accounts for nearly 70% of power
generation and India is also the third largest country in terms of volumes of coal production. The
company was granted Maharatna status in 2011. The company was listed in 2010 and soon went
on to become the most valuable company by market capitalisation in 2011.
Coal India is ranked as Fifth best PSU in India with market capitalisation of Rs. 1,74,868 Crores
and Net income and net profits of Rs. 247 crores and Rs. 15,012 crores respectively.
4. BHARAT PETROLEUM CORPORATION LIMITED (BPCL)
The origin of Bharat Petroleum Corporation Limited can be traced back to 1880‟s when the
Burma Oil Company was formed to explore and refine petroleum products. The corporation has
4 refineries in operation currently namely the Mumbai Refinery, Kochi Refinery, Numaligarh
Refinery and Bina Refinery (Oman).
The corporation has close to 8000 industrial customers from both private and public
undertakings. Some of the most prominent customers of BPCL in this segment are Indian Army,
Railways, State transportation and electricity boards. Some of their products are gases, bitumen,
fuels, solvents, etc. MAX lubricants and Bharatgas are most coveted brands of BPCL. The
company has close to 14,000 fuel stations and offer products from Petrol/Diesel to Speed fuels
and LPG.
Bharat Petroleum is ranked as Fourth best PSU in India with market capitalisation of Rs. 52,007
Crores and Net income and net profits of Rs. 1,89,432 crores and Rs. 8,747 crores respectively.

3. NATIONAL THERMAL POWER CORPORATION (NTPC)
NTPC was incorporated in the year 1975 with the objective of becoming one of the world‟s best
power companies and also to build and maintain power infrastructure in the country.
The company operates in multiple verticals: Hydro-electric power generation, renewable energy
and Nuclear energy with expertise in entire value chain of power generation business. In total
the company has about 20 coal based plants, 1 hydro and wind power station, 7 gas based plants
and also joint ventures in solar projects. The company wants to hit 130GW capacity.
NTPC is ranked as Third best PSU in India with market capitalisation of Rs. 1,35,555 Crores and
Net income and net profits of Rs. 72,429 crores and Rs. 18,153 crores respectively.
2. OIL AND NATURAL GAS CORPORATION (ONGC)
The company was incorporated in 1956 after the government of India recognised the importance
of oil and natural gas exploration. It was created to ensure energy security and also to cut down
on importing oil which was causing a lot of strain on government coffers‟.
The corporation has discovered majority of producing basins and has 1184 wells offshore and
4735 oil wells onshore. They also account for approximately 70% of crude oil and natural gas
production in the country. In short, they produce around 1.2 million barrels of oil equivalent per
day. They have about 35,000 employees on roll.
ONGC is ranked as Second best PSU in India with market capitalisation of Rs. 1,59,388 Crores
and Net income and net profits of Rs. 72,429 crores and Rs. 18,153 crores respectively.

1. INDIAN OIL CORPORATION LIMITED (IOCL)
The Indian Oil Corporation was first established in the year 1959 as Indian Oil Company and
later merged with Indian refineries limited in 1964 to form Indian Oil Corporation Limited.
It is by far the largest Indian corporation having expertise from refining till marketing of
petroleum and its allied products. It has a number of subsidiaries in Sri Lanka, Mauritius, UAE,
etc with the total refining capacity of 80+ MMTPA, making it the largest oil & gas company in
India.
The company controls almost half of the refineries in the country and constantly works to
upgrade existing installed capacities to remain competitive in the highly volatile industry. The
pipeline network of Indian Oil spans around 12,000 km out of which 5000 km of crude oil
pipeline with capacity to carry 40.4 MMTPA, 7000 km of product pipeline with capacity of 45
MMTPA and 140 km of Gas pipeline. The company has close to about 45,000 customer contact
points throughout the country. This includes about 25,000 fuel stations spread across the country.
The corporation plays a vital role in securing the energy needs of the country and also to provide
high quality products that are eco-friendly for the environment. Some of the brands of IOCL
include Indane cooking gas which is used in about 10 crores households. SERVO,
XTRAPREMIUM, PROPEL are other famous brands under IOCL. The company has a state of
the art R&D centre in Faridabad where they are working on next gen energy fuels like harnessing
solar power, hydrogen cells, synthetics, shale oil, etc.
Indian Oil is the number one PSU in India with market capitalisation of Rs.1,06,793 crores and
Net income and profit of Rs.3,58,272 crores and Rs 17,071 crores respectively.

BIBLIOGRAPHY
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details/articleid/19669/indias-best-psus-2016-awards
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https://en.m.wikipedia.org/wiki/Public_sector_undertakings_in_India
(n.d.). Retrieved from Business Maps of India:
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Govt. of India. (n.d.). Retrieved from Department of Public Enterprises:
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cpse
NIC. (n.d.). Retrieved from Power Ministry of India:
http://powermin.nic.in/en/content/public-sector-undertakings
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A Report on Public Sector Undertakings in India

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