PSU's are government-owned corporations or state-owned enterprises
created by the Government of India to undertake commercial activities on
behalf of government. Several Public Sector Undertakings (PSUs) under
the aegis of Government of India regularly provide tremendous employment
opportunities in various technical and management areas.
MAHARATNA PSU's:
Maharatna is the status given to top public sector enterprises where
the companies have the authority to make foreign investments of upto Rs
5,000 crores without taking any government approval. To be qualified as
Maharatna, the company should gain an annual net profit of over Rs.
5,000 crores, net worth of Rs. 15,000 crores and turnover of Rs. 25,000
crores over past three consecutive years. At present the companies which
have Maharatna status are: SAIL, ONGC, NTPC, CIL and IOCL.
NAVRATNA PSU's:
Navratna status is conferred to the companies by the Department of
Public Enterprises. To be qualified as a Navratna, the company must
obtain a score of 60 out of 100. The score is based on six parameters
which include net profit to net worth, total manpower cost to total cost
of production or cost of services, PBDIT (Profit before depreciation,
interest and taxes) to capital employed, PBDIT to turnover, EPS (Earning
per Share) and inter-sectoral performance. Additionally, a company must
first be a Miniratna and have four independent directors on its board
before it can be made a Navratna. The Navratna status gives privileges
to enhance financial and operational autonomy and empowers to invest up
to Rs. 1000 crores or 15% of their net worth on a single project without
seeking government approval. In a year, these companies can spend up to
30% of their net worth not exceeding Rs. 1000 crores. They will also
have the freedom to enter joint ventures, form alliances and float
subsidiaries abroad.
Maharatna CPSEs
- Bharat Heavy Electricals Limited
- Coal India Limited
- GAIL (India) Limited
- Indian Oil Corporation Limited
- NTPC Limited
- Oil & Natural Gas Corporation Limited
- Steel Authority of India Limited
Navratna CPSEs
- Bharat Electronics Limited
- Bharat Petroleum Corporation Limited
- Container Corporation of India Limited
- Engineers India Limited
- Hindustan Aeronautics Limited
- Hindustan Petroleum Corporation Limited
- Mahanagar Telephone Nigam Limited
- National Aluminium Company Limited
- National Buildings Construction Corporation Limited
- NMDC Limited
- 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
Miniratna Category - I CPSEs
- Airports Authority of India
- Antrix Corporation Limited
- Balmer Lawrie & Co. Limited
- Bharat Coking Coal Limited
- Bharat Dynamics Limited
- BEML Limited
- Bharat Sanchar Nigam Limited
- Bridge & Roof Company (India) Limited
- Central Warehousing Corporation
- Central Coalfields Limited
- Chennai Petroleum Corporation Limited
- Cochin Shipyard Limited
- Dredging Corporation of India Limited
- Kamarajar Port Limited
- Garden Reach Shipbuilders & Engineers Limited
- Goa Shipyard Limited
- Hindustan Copper Limited
- HLL Lifecare Limited
- Hindustan Newsprint Limited
- Hindustan Paper Corporation Limited
- Housing & Urban Development Corporation Limited
- India Tourism Development Corporation Limited
- Indian Rare Earths Limited
- Indian Railway Catering & Tourism Corporation Limited
- Indian Renewable Energy Development Agency Limited
- India Trade Promotion Organisation
- IRCON International Limited
- KIOCL Limited
- Mazagaon Dock Limited
- Mahanadi Coalfields Limited
- Manganese Ore (India) Limited
- Mangalore Refinery & Petrochemical Limited
- Mishra Dhatu Nigam Limited
- MMTC Limited
- MSTC Limited
- National Fertilizers Limited
- National Seeds Corporation Limited
- NHPC Limited
- Northern Coalfields Limited
- North Eastern Electric Power Corporation Limited
- Numaligarh Refinery Limited
- ONGC Videsh Limited
- Pawan Hans Helicopters Limited
- Projects & Development India Limited
- Railtel Corporation of India Limited
- Rail Vikas Nigam Limited
- Rashtriya Chemicals & Fertilizers Limited
- RITES Limited
- SJVN Limited
- Security Printing and Minting Corporation of India Limited
- South Eastern Coalfields Limited
- State Trading Corporation of India Limited
- Telecommunications Consultants India Limited
- THDC India Limited
- Western Coalfields Limited
- WAPCOS Limited
Miniratna Category-II CPSEs
- Bharat Pumps & Compressors Limited
- Broadcast Engineering Consultants (I) Limited
- Central Mine Planning & Design Institute Limited
- Central Railside Warehouse Company Limited
- Ed.CIL (India) Limited
- Engineering Projects (India) Limited
- FCI Aravali Gypsum & Minerals India Limited
- Ferro Scrap Nigam Limited
- HMT (International) Limited
- HSCC (India) Limited
- Indian Medicines & Pharmaceuticals Corporation Limited
- M E C O N Limited
- Mineral Exploration Corporation Limited
- National Film Development Corporation Limited
- National Small Industries Corporation Limited
- P E C Limited
- Rajasthan Electronics & Instruments Limited