Public sector undertaking (PSU)

PUBLIC SECTOR UNDERTAKING

GROUP MEMBERS

SUNIL KUMAR JANGIDDEEPAK ARYAPAYEL GHOSHPARVEEN KUMARRAHUL KUMARANUP KUMARIMRAN KHAN

INTRODUCTIONThe 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 SECTOR UNDERTAKINGSAs 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 LimitedIndian Oil Corporation Limited NTPC LimitedOil & Natural Gas Corporation LimitedSteel Authority of India Limited

NAVRATNA COMPANIES

Bharat Heavy Electricals LimitedBharat Electronics LimitedBharat Petroleum Corporation LimitedHindustan Aeronautics LimitedHindustan Petroleum Corporation LimitedMahanagar Telephone Nigam LimitedNational Aluminium Company LimitedNational Mineral Development

Corporation Limited

NAVRATNA COMPANIES

Neyveli Lignite Corporation LimitedOil India LimitedPower Finance Corporation LimitedPower Grid Corporation of India LimitedRashtriya Ispat Nigam LimitedRural Electrification Corporation LimitedShipping Corporation of India LimitedGAIL (India) Limited

MINIRATNA CATEGORY - I

Airports Authority of India Antrix Corporation LimitedBalmer Lawrie & Co. LimitedBharat Dynamics Limited BEML LimitedBharat Sanchar Nigam LimitedBridge & Roof Company (India) Limited

Central Warehousing CorporationCentral Coalfields LimitedChennai Petroleum Corporation

LimitedCochin Shipyard LimitedContainer Corporation of India Limited

MINIRATNA CATEGORY-II

Bharat Pumps & Compressors LimitedBroadcast Engineering Consultants (I)

Limited Central Mine Planning & Design Institute

LimitedEd.CIL (India) LimitedEngineering Projects (India) LimitedFCI Aravali Gypsum & Minerals India

LimitedFerro Scrap Nigam LimitedHMT (International) Limited

NEED OF PSUs

Economic developmentDevelopment of backward AreasEmployment generationDefenceLabour welfareConsumer welfarePublic utilitiesSelf-reliance