3. INTRODUCTION
The 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.
4. 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.
5. ROLE OF PUBLIC SECTOR
UNDERTAKINGS
As 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
6. 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.
7. The Public Sector Undertakings of
Indian Government, number more
than 200 commercially functioning
companies
These undertakings are divided into
two parts – state and central.
8. MAHARATNA COMPANIES
Coal India Limited
Indian Oil Corporation Limited
NTPC Limited
Oil & Natural Gas Corporation Limited
Steel Authority of India Limited
9. NAVRATNA COMPANIES
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
10. NAVRATNA COMPANIES
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
GAIL (India) Limited
12. Central Warehousing Corporation
Central Coalfields Limited
Chennai Petroleum Corporation
Limited
Cochin Shipyard Limited
Container Corporation of India Limited
14. NEED OF PSUs
Economic development
Development of backward Areas
Employment generation
Defence
Labour welfare
Consumer welfare
Public utilities
Self-reliance