what are psu's(government owned corporation)

7/29/2019 What Are PSU's(Government Owned Corporation)

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PSUs 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.

PSU companies are divided into three categories:

MAHARATNA PSUs:

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.

List of Maharatna:

Coal India Limited

Indian Oil Corporation Limited

NTPC Limited

Oil and Natural Gas Corporation Limited

Steel Authority of India limited

NAVRATNA PSUs:

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
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capital employed, PBDIT to turnover, EPS (Earning per Share) and inter-sectoral performance. 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. The number ofPSEs having Navratna status has been raised to 16,the most recent addition being Oil India

Limited.

List of Navratna:

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

Neyveli Lignite Corporation Limited

Oil India Limited

Power Finance Corporation Limited

Power Grid Corporation of India Limited
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Rashtriya Ispat Nigam Limited

Rural Electrification Corporation Limited

Shipping Corporation of India Limited

GAIL (India) Limited

MINIRATNA PSUs:

In addition, the government created another category called Miniratna. Miniratnas can also enter into joint ventures, set subsidiary companies

and overseas offices but with certain conditions. In 2002, there were 61 government enterprises that were awarded Miniratna status.

However, at present, there are 68 government enterprises that were awarded Miniratna status.

Category I

This designation applies to PSEs that 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. These miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs.

500 crore or equal to their net worth, whichever is lower.

Category II

The Category II kind of PSEs has made profits for the last three years continuously and should have a positive net worth. Unlike Category I

PSEs, these PSEs can invest up to Rs.250.cr or up to 50% of their net worth whichever is lower. There are 15 such PSEs as on April 2011.

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what are psu's(government owned corporation)

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