Public Sector Undertakings (PSUs)

Navratna PSUs: 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.

Public Sector Undertakings (PSUs)

 

The government-owned corporations are termed as Public sector Undertakings (PSUs) in India. In a PSU majority (51% or more) of the paid share capital is held by central government or by any state government or partly by the central government and partly by one or more state governments. Several Public Sector Undertakings (PSUs) under the aegis of Government of India regularly provide tremendous employment opportunities in various technical and management areas.

 

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. At present the companies which have Maharatna status are: SAIL, ONGC, NTPC, CIL, IOCL, BHEL and GAIL.

 

Coal India Limited

CIL

National Thermal Power Corporation

NTPC

Oil and Natural Gas Corporation

ONGC

Steel Authority of India Limited

SAIL

Bharat Heavy Electricals Limited

BHEL

Indian Oil Corporation Limited

IOCL

 

Navratna PSUs: 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.

 

Status

Number of PSUs

Maharatna

7

Navratna

17

Miniratna Catagory- |

56

Miniratna Catagory- ||

17

 

 

The eligibility criteria for PSUs are based on the age and percentage of the candidates.

Age:

The age criterion for PSUs is different for general candidates and OBC, SC/ST, and physically handicapped.

 

General

OBC

SC/ST

 

ONGC

30 years

30-33 years

35 years

 

BHEL

27 years

27-30 years

32 years

 

NTPC

27 years

27-30 years

32 years

 

IOCL

26 years

26-29 years

31 years

 

SAIL

30 years

30-33 years

35 years

 

PGCIL

28 years

28-31 years

33 years

 

NALCO