What are the types of PSU’s ? How to get a job in PSU ?

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Types of PSU -Want to work for PSU -

What are the types of PSU’s ?

Public Sector Undertaking (PSU) is a term used for a government-owned corporation. The term is used to refer to companies in which the government (either the Union Government or state or territorial governments, or both) owned a majority (51 percent or more) of the company equity.

A lot of Public Sector Undertakings (PSU) under the aegis of Government of India regularly provide for employment opportunities in various areas. Job seekers can apply to these undertakings, according to their required job profile and area of interest.

MAHARATNA COMPANIES

The CPSEs meeting the following eligibility criteria are proposed to be considered for Maharatna status:

a) Having Navratna status
b) Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
c) An average annual turnover of more than Rs.25,000 crore during the last 3 years
d) An average annual net worth of more than Rs.15,000 crore during the last 3 years
e) An average annual net profit after tax of more than Rs.5,000 crore during the last 3 years
f) Should have significant global presence/international operations

The procedure for grant of Maharatna status as well as their review is proposed to be similar to that in vogue for the grant of Navratna status. The introduction of the above scheme will not entail any additional expenditure on the part of the Government.

LIST OF MAHARATNA PSU’S

Name of Company Recruitment Procedure Website Link
Coal India Limited GATE www.coalindia.in
Indian Oil Corporation Limited GATE www.iocl.com
NTPC Limited GATE www.ntpc.co.in
Oil & Natural Gas Corporation Limited (ONGC) GATE www.ongcindia.com
Steel Authority of India Limited (SAIL) www.sail.co.in
GAIL (India) Limited GATE www.gail.nic.in
Bharat Heavy Electrical Limited (BHEL) GATE www.bhel.com

Source : Press information Bureau’s website.

NAVRATNA COMPANIES

The Boards of Navratna CPSEs have been delegated powers in the areas of:

(i) capital expenditure,
(ii) investment in joint ventures / subsidiaries,
(iii) mergers & acquisitions,
(iv) human resources management, etc.

The current criteria for grant of Navratna status are size neutral. Over the years, some of the Navratna companies have grown very big and have considerably larger operations than their peers. It was felt that these CPSEs which are at the higher end of the Navratna category and have potential to become Indian Multinational Companies (MNCs), can be recognized as a separate class, i.e. ‘Maharatna’. The proposed higher category will act as an incentive for other Navratna companies, provide brand value and facilitate delegation of enhanced powers to CPSEs.

LIST OF NAVRATNA PSU’S

Name of Company Recruitment Procedure Website Link
Bharat Electronics Limited (BEL-India) GATE www.bel-india.com
Bharat Petroleum Corporation Limited (BPCL) GATE www.bharatpetroleum.com
HAL india www.hal-india.com
Hindustan Petroleum Corporation Limited HPCL GATE www.hindustanpetroleum.com
MTNL (mahanagar telecom limited) www.mtnl.net.in
National Aluminium Company Limited www.nalcoindia.com
NMDC Limited www.nmdc.co.in
Neyveli Lignite Corporation Limited GATE www.nlcindia.com
Oil India Limited www.oil-india.com
Power Finance Corporation Limited www.pfcindia.com
power grid corporation GATE www.powergridindia.com
Rashtriya Ispat Nigam Limited www.vizagsteel.com
Rural Electrification Corporation Limited www.recindia.nic.in
Shipping Corporation of India Limited www.shipindia.com

Source : Press information Bureau’s website.

MINIRATNA COMPANIES

CATEGORY I

Category I CPSEs should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crore or more in at least one of the three years and should have a positive net worth.

LIST OF MINIRATNA PSU’S CATEGEORY-I

Name of Company Recruitment Procedure Website Link
Airports Authority of India www.aai.aero
Balmer Lawrie & Co. Limited www.balmerlawrie.com
Bharat Dynamics Limited bdl.ap.nic.in
BEML Limited www.bemlindia.nic.in
Bharat Sanchar Nigam Limited www.bsnl.co.in
Bridge & Roof Company (India) Limited www.bridgeroof.co.in
Central Warehousing Corporation cewacor.nic.in
Central Coalfields Limited ccl.gov.in
Chennai Petroleum Corporation Limited www.cpcl.co.in
Cochin Shipyard Limited www.cochinshipyard.com
Container Corporation of India Limited GATE www.concorindia.com
Dredging Corporation of India Limited dredge-india.nic.in
Engineers India Limited GATE www.engineersindia.com
Ennore Port Limited www.ennoreport.gov.in
Garden Reach Shipbuilders & Engineers Limited www.grse.nic.in
Goa Shipyard Limited www.goashipyard.co.in
Hindustan Copper Limited www.hindustancopper.com
HLL Lifecare Limited www.lifecarehll.com
Hindustan Newsprint Limited www.hnlonline.com
Hindustan Paper Corporation Limited www.hindpaper.in
Housing & Urban Development Corporation Limited www.hudco.org
India Tourism Development Corporation Limited www.theashokgroup.com
Indian Railway Catering & Tourism Corporation Limited (IRCTC) www.irctc.com
IRCON International Limited www.ircon.org
KIOCL Limited www.kioclltd.in
Mazagaon Dock Limited GATE www.mazagondock.gov.in
Mahanadi Coalfields Limited www.mcl.gov.in
Manganese Ore (India) Limited moil.nic.in
Mangalore Refinery & Petrochemical Limited www.mrpl.co.in
Mishra Dhatu Nigam Limited www.midhani.gov.in
MMTC Limited www.mmtclimited.com
MSTC Limited www.mstcindia.co.in
National Fertilizers Limited GATE www.nationalfertilizers.com
National Seeds Corporation Limited www.indiaseeds.com
NHPC Limited GATE www.nhpcindia.com
Northern Coalfields Limited ncl.nic.in
Pawan Hans Helicopters Limited www.pawanhans.co.in
Rashtriya Chemicals & Fertilizers Limited www.rcfltd.com
RITES Limited GATE www.rites.com
SJVN Limited sjvn.nic.in
Security Printing and Minting Corporation of India Limited www.spmcil.com
South Eastern Coalfields Limited www.secl.gov.in
State Trading Corporation of India Limited www.stc.gov.in
Telecommunications Consultants India Limited GATE www.tcil-india.com
THDC India Limited thdc.gov.in
Western Coalfields Limited www.westerncoal.nic.in
WAPCOS Limited www.wapcos.gov.in

CATEGORY II

Category II CPSEs should have made profit for the last three years continuously and should have a positive net worth.

LIST OF MINIRATNA PSU’S CATEGEORY-I

Name of Company Recruitment Procedure Website Link
Bharat Pumps & Compressors Limited www.bpcnaini.co.in
Broadcast Engineering Consultants (I) Limited www.becil.com
Central Mine Planning & Design Institute Limited www.cmpdi.co.in
Ed.CIL (India) Limited www.edcilindia.co.in
Engineering Projects (India) Limited www.engineeringprojects.com
Ferro Scrap Nigam Limited www.fsnl.nic.in
HMT (International) Limited www.hmti.com
HSCC (India) Limited www.hsccltd.co.in
India Trade Promotion Organisation www.indiatradefair.com
Indian Medicines & Pharmaceuticals Corporation Limited www.impclmohan.nic.in
M E C O N Limited GATE www.meconlimited.co.in
National Film Development Corporation Limited
National Small Industries Corporation Limited www.nsic.co.in
P E C Limited www.peclimited.com
Rajasthan Electronics & Instruments Limited www.reiljp.com

These CPSEs have enhanced delegated powers provided they meet the following eligibility conditions and criteria:
i. They have not defaulted in the repayment of loans/interest payment on any loans due to the Government
ii. These public sector enterprises shall not depend upon budgetary support or Government guarantee.
iii. The Boards of these CPSEs should be restructured by inducting at least three non-official Directors as the first step before the exercise of enhanced delegation of authority.
iv. The administrative ministry concerned shall decide whether a public sector enterprise fulfilled the requirements of a category I/category II company before the exercise of enhanced powers.

Source : BSEPSU’s website

How to get a job in PSU ?

As now you must have understood that working for a PSU is just like working for goverment and even you can enjoy more facilities here in PSU’s as they have equal Private share as well along with Government’s share. So, to get a Job in a PSU in today’s time is like a dream come true. To get a job in PSU, you have two options:

1- To clear the examination conducted by PSU itself – This is getting diminished day by day as most of the PSU’s today are going through GATE score for their recruitment process but still some PSU’s go through this process today also.

2- To Clear the GATE Exam and Secure good score – This is getting increased day by day as the number of PSU’s recruiting through GATE is getting Increased day by day as for instance DRDO, MTNL, ONGC & ISRO will be recruiting candidates this year through GATE.

So, inorder to have your seat secured in a PSU go for GATE exam and that too with good preparation.

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