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Public Sector Enterprises are state owned or government owned enterprises in India. They are also called Public Sector Undertakings. Companies that are listed under Public Sector Undertakings are partly or completely owned by the government. For Public sector Undertakings majority of their shares should be government owned.
More than 51% shares of PSU’s are under the central or state government. Based on whether the shares of the company are owned by the central or state government, PSU’s are divided into two. Central Public Sector Enterprises and State Public Sector Enterprises. Central Public Sector companies are partially or fully owned by the government of India. State Public Service Undertakings are owned by the state government.
Initially there were just 5 public service enterprises in India. Now there are 348 PSU’s. In this article we will discuss the complete list of Public Service Undertakings in India. Read the complete article to know all about Public service enterprises in India.
Public Sector Undertakings – Major Highlights
It is already discussed that PSU’s are classified as Central Public Sector Enterprises and State Public Sector Enterprises. Public Sector companies are given additional financial autonomy based on their profit level. Depending upon the profit made by the Central Public Service enterprises they are further divided. They are namely the Maharatna, navaratna and miniratna companies.
Navaratna and miniratna companies have been functioning in India as early as from 1997. Maharatna companies have come into existence since 2007. In the below section we will discuss the classification of PSU’s in detail.
Classification of Public Sector Undertakings
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Maharatna Public Sector Undertakings
The public service undertakings coming under the Navaratna status are chosen as Maharatna Public Service Undertakings. Also to achieve this status the companies must be listed in the Indian stock exchange. These companies should also fulfil the minimum public shareholding as set down by the Securities and exchange board of India.
Apart from what is given below certain other criterias also have to be fulfilled, for PSU’s to attain the navaratna status.
- Average total worth of the company in the past three years should be more than an 15000 crores
- Yearly turnover of the public service undertaking during the last 3 years has to be more than Rs 2500 crores
- Also the yearly profit made by the company after the taxes in the last three years has to be greater than Rs 5000 crores.
- It is also mandatory for the PSU to have adequate international presence
- Currently there are 9 Maharatna public service vice undertakings. The names of those 7 companies are also enclosed in the article below
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Navaratna Public Sector Undertakings
- It is mandatory for the PSU to have miniratna I status and schedule A listing for the company to have navaratna status
- The Memorandum of understanding (MOU) of the PSU must be excellent or very good in the last five years
- Apart from the points given above the PSU should have a score of 60 or more than that. The score of the PSU is out of 100 for the parameters given below
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- Total profit to total worth
- Earnings for each share
- Overall profit as turnover
- Cost of manpower to cost of service or production
- Inter sectoral comparison
- Overall margin as the funds employed
- In total there are 17 navratna PSUs
Miniratna PSU’s
- Miniratna Public Service Undertakings are divided into two, Miniratna I and Miniratna II
- At present there are 71 Miniratna PSU’s
- Miniratna Public service enterprises are those that have shown steady profit in the last three years. The company should also have positive net worth
- For the companies to attain miniratna I status PSU must have generated profits in the past 3 years. Also must have generated a profit of more than 30 crores in any one of the last 3 years
- Miniratna II PSU’s company must have a positive net worth in the last 3 years. Also company should have made profit in the last 3 years
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Public Sector Undertakings – A Complete List
List Of Maharatna PSUs
- Indian Oil Corporation Limited
- Coal India Limited
- Gas Authority Of India or GAIL India Limited
- Bharat Heavy Electricals Limited
- Steel Authority of India Limited
- Oil and Natural gas Corporation Limited
- National Thermal Power Corporation or NTPC Limited
- Bharat Petroleum Corporation Limited
- Power Grid Corporation Of India
List of Navratna PSUs
- Engineers India Limited (EIL)
- Mahanagar Telephone Nigam Limited (MTNL)
- Bharat Electronics Limited (BEL)
- Container Corporation Of India (CONCOR)
- National Aluminium Company (NALCO)
- Hindustan Aeronautics Limited (HAL)
- Neyveli Lignite Corporation Limited (NLCIL)
- National Buildings Construction Corporation (NBCC)
- National Mineral Development Corporation (NMDC)
- Rural Electrification Corporation (REC)
- Power Finance Corporation (PFC)
- Oil India Limited (OIL)
- Rashtriya Ispat Nigam Limited (RINL)
- Shipping Corporation Of India (SCI)
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List Of Miniratna I PSUs
- MOIL
- Mahanadi CoalFields
- Indian Tourism Development Corporation (ITDC)
- Indian Trade Promotion Organization (ITPO)
- HSCC Ltd
- Housing and Urban Development Corporation (HUDCO)
- Indian Rare Earths (IREL)
- Indian Railway Catering and Tourism Corporation (IRCTC)
- Ircon Limited
- Mazagon Dock Limited
- Kudremukh Iron Ore Company
- Educational Consultants India Limited (ECIL)
- Cochin Shipyard Limited
- Goa Shipyard Limited
- Hindustan Copper Limited
- HLL Lifecare Limited
- Hindustan Newsprint
- Hindustan Paper
- Dredging Corporation Of India
- Kamarajar Port Limited
- Garden Reach Ship Builders and Engineers
- Indian Renewable Energy Development Agency
- Bharat Dynamics Limited
- Bharat Coking Coal Limited
- Balmer Lawrie
- Airport Authority Of India
- Antrix Corporation
- Bridge and roof
- Central Coalfields Limited
- Bharat Sanchar Nigam Limited
- Bharat Earth Movers Limited
- Chennai Petroleum Corporation
- Central Warehousing Corporation
- NHPC Ltd
- National Seeds Corporation
- Mangalore Refinery and petrochemicals limited
- MSTC Ltd
- MMPC Ltd
- National Fertilizers
- National Small industries corporation
- Mishra Dhatu Nigam
- Northern Coalfields Limited
- RITES
- ONGC Videsh
- SJVN Ltd
- Rail Vikas Limited
- RailTel Corporation Of India
- Pawan Hans
- Rashtriya Chemicals and Fertilizers
- Projects and development India Limited
- Numaligarh Refinery
- North Eastern Electric Power Corporation
- Security Printing and Minting Corporation Of India
- Telecommunication Consultants India
- South Eastern Coalfields
- State Trading Corporation Of India
- Mineral Exploration Corporation Limited
- THDC Ltd
- Western Coalfields
- Water and Power Consultancy Services
List of Miniratna II PSUs
- MECON
- PEC Ltd
- HMT Ltd
- Ferro Scrap Nigam Limited
- Indian Medicines and Pharmaceuticals Corporation Limited
- National Film Development Corporation Of India
- Artificial Limbs Manufacturing Corporation Of India
- Central Mine Planning and Design Institute
- Bharat Pumps and Compressors
- Broadcast Engineering Consultants India
- Central Railside Warehouse Company
- Engineering Projects
- FCI Aravali Gypsum and Minerals (India) Limited
- Ministry of new and renewable energy (MNRE) and solar energy corporation of India
- Rajasthan Electronics and Instruments limited
Financial Services
- Bank of Baroda
- State Bank Of India
- Punjab National Bank
- Canara Bank
- Union Bank of India
- Punjab and Sind Bank
- Bank of Maharashtra
- Bank of India
- Indian bank
- Central bank of India
- UCO Bank
- Jammu and Kashmir Bank
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Rural Banks
- Andhra Pradesh Grameena Vikas Bank
- Andhra Pragathi Grameena Bank
- Chaitanya Godavari Gramin Bank
- Saptagiri Grameena Bank
- Arunachal Pradesh Rural Bank
- Assam Gramin Vikas Bank
- Uttar Bihar and Dakshin Bihar Gramin Bank
- Baroda Gujarat Gramin Bank
- Saurashtra Gramin Bank
- Himachal Pradesh Gramin Bank
- Sarva Haryana Gramin Bank
- Jharkhand Rajya Gramin Bank
- Kerala Gramin Bank
- Ellaquai Dehati Bank
- J&K Grameen Bank
- Karnataka Gramin Bank
- Karnataka Vikas Gramin Bank
- Madhya Pradesh Gramin Bank
- Madhyanchal Gramin Bank
- Manipur Rural Bank
- Meghalaya Rural Bank
- Vidarbha Konkan Gramin Bank
- Maharashtra Gramin Bank
- Mizoram Rural Bank
- Nagaland Rural Bank
- Punjab Gramin Bank
- Puduvai Bharathiar Grama Bank
- Odisha Gramya Bank
- Utkal Grameen Bank
- Rajasthan Marudhara Gramin Bank
- Baroda Rajasthan Kshetriya Gramin Bank
- Tamil Nadu Grama Bank
- Telangana Grameena Bank
- Tripura Gramin Bank
- Uttarakhand Gramin Bank
- Baroda UP Bank
- Aryavart Bank
- Prathama UP Gramin Bank
- Uttarbanga Kshetriya Gramin Bank
- Paschim Banga Gramin Bank
- Bangiya Gramin Vikash Bank
Insurance Companies
- Life Insurance Corporation Of India
- Oriental Insurance Limited
- New India Assurance
- General Insurance Corporation of India
- National Insurance Company Limited
- United India Insurance company
- Agricultural Insurance Company Of India
Stock Exchanges
- National Stock exchange of India
- Metropolitan Stock Exchange
- India International Stock exchange
- Interconnected stock exchange Of India
- Multi Commodity Exchange
- Over the counter Exchange Of India
- Bombay Stock Exchange
- National Commodity and Derivatives Exchange
- Calcutta Stock Exchange
- Coimbatore StockExchange
- Hyderabad Securities and Enterprise Limited
- Mangalore Stock Exchange
- Cochin Stock Exchange
- Saurashtra Kutch Stock Exchange
- Gauhati Stock Exchange
- Bangalore Stock Exchange
- Ludhiana Stock Exchange
- Pune Stock Exchange
- Jaipur Stock Exchange
- Bhubaneswar Stock Exchange
- Madhya Pradesh Stock Exchange
- Madras Stock Exchange
- UP Stock Exchange
- Vadodara Stock Exchange
- Ahmedabad Stock Exchange
- Delhi Stock Exchange
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