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PSU

Public Sector Undertaking

A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSU. PSUs may be classified as Central Public Sector Enterprises (CPSEs), public sector banks (PSBs) or State Level Public Enterprises (SLPEs). CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises.

Various PSUs have been awarded additional financial autonomy. These companies are "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants".Financial autonomy was initially awarded to nine PSUs as Navratna status in 1997.Originally, the term Navaratna meant a talisman composed of nine precious gems. Later, this term was adopted in the courts of Gupta emperor Vikramaditya and Mughal emperor Akbar, as the collective name for nine extraordinary courtiers at their respective courts. In 2010, the government established the higher Maharatna category, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore.The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project while the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. Two categories of "Miniratnas" afford less extensive financial autonomy.

List of Public Sector Undertaking's

As on 30 September 2015 there are 7 Maharatnas, 17 Navratnas and 73 Miniratnas

Maharatna

Eligibility :

Three years with an average annual net profit of over Rs. 2500 crore (earlier was 5,000 Cr), OR Average annual Net worth of Rs. 10,000 crore for 3 years (earlier was 15,000 Cr), OR Average annual Turnover of Rs. 20,000 crore for 3 years (earlier was 25,000 Cr)

Benefits for investment :

Rs. 1,000 crore - Rs. 5,000 crore, or free to decide on investments up to 15% of their net worth in a project

List of Maharatna Companies
Coal India Ltd	Indian Oil Corporation
NTPC Ltd	Steel Authority of India Ltd
GAIL (India) Ltd	Oil and Natural Gas Corporation
Bharat Heavy Electricals

Navratna

Eligibility :

A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest and Taxes), capital employed, etc., AND

A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.

Benefits for investment :

Rs. 1,000 crore - Rs. 5,000 crore, or free to decide on investments up to 15% of their net worth in a project

List of Navratna Companies
Engineers India Ltd.	Bharat Electronics Ltd.
Bharat Petroleum Corporation	Hindustan Aeronautics
Hindustan Petroleum Corporation	Mahanagar Telephone Nigam Ltd.
National Aluminium Company Ltd.	National Mineral Development Corporation
Neyveli Lignite Corporation	Oil India
Power Finance Corporation	Container Corporation of India
National Buildings Construction Corporation	Power Grid Corporation of India
Rashtriya Ispat Nigam Ltd.	Rural Electrification Corporation
Shipping Corporation of India

Miniratna

Eligibility :

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

Have made profits continuously for the last three years and should have a positive net worth.

Benefits for investment :

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

up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

List of Miniratna Companies
Airports Authority of India	Antrix Corporation
Balmer Lawrie & Co. Ltd.	Bharat Coking Coal Ltd.
Bharat Dynamics Ltd.	BEML Ltd.
Bharat Sanchar Nigam Ltd.	Bridge & Roof Company (India) Ltd.
Central Warehousing Corporation	Central Coalfields Ltd.
Chennai Petroleum Corporation	Cochin Shipyard Ltd.
Dredging Corporation of India	Kamarajar Port Ltd.
Garden Reach Shipbuilders & Engineers Ltd.	Goa Shipyard Ltd.
Hindustan Copper Ltd.	HLL Lifecare Ltd.
Hindustan Newsprint Ltd.	Hindustan Paper Corporation
Housing & Urban Development Corporation	India Tourism Development Corporation
India Trade Promotion Organisation	Indian Rare Earths Ltd.
Indian Railway Catering and Tourism Corporation	IRCON International Ltd.
KIOCL Ltd.	Manganese Ore (India) Ltd.
Mishra Dhatu Nigam Ltd.	NHPC Ltd.
Northern Coalfields Ltd.	Numaligarh Refinery Ltd.
Railtel Corporation of India	Rail Vikas Nigam Ltd.
RITES Ltd.	and many more . . .

PSU's Recruiting through GATE

PSUs considering GATE scores for entry level Engineer positions

Name of PSU	Stream Eligible	Package
Airports Authority of India	EC	Rs. 16,400 - 40,500 PM
Bhabha Atomic Research Centre	ME , EE , EC ,CS , CE	Rs. 15,600 - 39,100 PM
Bharat Broadband Network Limited	EC , CS , EE	Rs. 20,000 - 50,000 PM(Approx.)
Bharat Heavy Electricals Limited	ME,EE,EC	Rs. 24,900 - 50,500 PM
Bank Note Paper Mill	ME,EE,CH,EC	Rs. 17,460 - 34,800 PM
Bharat Petroleum Corporation Limited	ME,EE,CE,IC	Rs. 10.5 Lakh PA
Central Electronics Limited	EC,ME	Rs. 20,000 - 50,000 PM (Approx.)
Coal India Limited	EC,ME	Rs. 20,600 - 46,500 PM
Gas Authority of India Limited	EE,ME	Rs. 24,900 - 50,500 PM
Gujarat State Electricity Corporation Limited	EE,ME	Rs. 18,000 - 30,000 PM
Indian Oil Corporation Limited	CE,CS,EE,EC,ME	Rs. 11 Lakh PA
Indian Railway Construction Company Limited	CE,ME,EC	Rs. 20,600 - 46,500 PM
Larsen & Toubro Limited	CE,ME,EE	Rs. 20,000 - 50,000 PM (Approx.)
Mazagon Dock Limited	ME,EE	Rs. 16,400 - 40,500 PM
National Aluminium Company Limited	ME,EE,CE,EC	Rs. 16,400 - 40,500 PM
National Buildings Construction Corporation	CE	Rs. 16,400 - 46,500 PM
National Hydroelectric Power Corporation Limited	EE,EC	Rs. 20,600 - 46,500 PM
National Fertilizers Limited	EE,ME	Rs. 20,000 - 50,000 PM (Approx.)
NEYVELI LIGNITE CORPORATION LIMITED	ME,EE,EC,CE,CS	Rs. 40,000 - 2 Lakh PM
National Thermal Power Corporation Limited	ME,EE,EC	Rs. 40,000 - 2 Lakh PM
Oil and Natural Gas Corporation Limited	CE,ME,EE	Rs. 24,900 - 50,500 PM
Orissa Power Generation Corporation	ME,EC,CE	Rs. 16.000 - 36,000 PM
Punjab State Power Corporation Limited	EC,EE,ME,CE,CS/IT	Rs. 16.650 - 39,100 PM
Rail India Technical and Economic Service	EE,CE,ME	2.27 - Rs 10.14 Lakh PA
Power Grid	EE,CE,ME	7.78 - 13.95 Lakh PA

PSU Age Criteria

Information related to age relaxation, upper age of various PSUs for different positions (Management Trainee (MT), Graduate Apprentice Engineers(GAE),Engineers Executive Trainees (EET),Graduate Trainee (GT),Engineer Trainees (ET)Graduate Engineers (GE),Executive Trainees (ET),Technical Officer (C),Trainee Engineers) in India

Age Criteria
Company	General	OBC	SC/ST	PH
	27 Years	27-30 Years	32 Years	32 Years - General 35 Years - OBC 37 Years - SC/ST
	30 Years	30-33 Years	35 Years	35 Years - General 38 Years - OBC 40 Years - SC/ST
	27 Years	27-30 Years	32 Years	32 Years - General 35 Years - OBC 37 Years - SC/ST
	30 Years	30-33 Years	35 Years	35 Years - General 38 Years - OBC 40 Years - SC/ST
	26 Years	26-29 Years	31 Years	31 Years - General 34 Years - OBC 36 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	30 Years	30 - 33 Years	35 Years	35 Years - General 38 Years - OBC 40 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	30 Years	30 - 33 Years	35 Years	35 Years - General 38 Years - OBC 40 Years - SC/ST
	25 Years	25 - 28 Years	30 Years	30 Years - General 33 Years - OBC 35 Years - SC/ST
	28 Years	28 - 31 Years	33 Years	33 Years - General 36 Years - OBC 38 Years - SC/ST
	22 - 35 Years	22 - 35 Years + relaxable upto 3 years	22 - 35 Years + relaxable upto 5 years	22 - 35 Years + relaxable upto 5 years - General 8 Years - OBC 10 Years - SC/ST
	25 Years	25 - 28 Years	30 Years	30 Years - General 33 Years - OBC 35 Years - SC/ST
	25 Years	25 - 28 years	30 years	30 years - General 33 Years - OBC 35 Years - SC/ST
	30 Years	30 - 33 years	35 years	35 years - General 38 Years - OBC 40 Years - SC/ST
	30 Years	30 - 33 years	35 years	35 years - General 38 Years - OBC 40 Years - SC/ST
	30 Years	30 - 33 years	35 years	35 years - General 38 Years - OBC 40 Years - SC/ST
	27 Years	27 - 30 years	32 years	32 years - General 35 Years - OBC 37 Years - SC/ST

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