PSUs, or public sector undertakings, are companies where government holds majority stake, aimed at fostering economic growth & development, particularly in core sectors such as finance, energy, & infrastructure.
PSUs in India are classified based on ownership & government control, with distinctions like Maharatna, Navratna, & Miniratna based on financial autonomy & performance criteria
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REC is Central Public Sector Undertaking under Ministry of Power involved in financing projects in complete power sector value chain from generation to distribution.
GoI holds 51.34% stake in company as on March 31, 2021. PGCIL was incorporated in 1989 to set up extra-high voltage alternating current & high-voltage direct current (HVDC) transmission lines.
Coal India is another Maharatna company. CIL accounts for almost 40% of commercial energy requirements of India. It is largest coal producing company in world & enjoys near-monopoly status in India.
NTPC along with its subsidiaries & joint ventures is largest power company in India engaged in generation of electricity.
ONGC is largest crude oil & natural gas Company in India, contributing around 71 per cent to Indian domestic production.
Comparing Dec 2023 to Dec 2022, total revenue decreased by ₹ 1,163 crore, operating profit decreased by ₹ 1,458 crore, & net profit increased by ₹ 383 crore.
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