Public Sector Undertaking (PSU) in India:-
In India, PSU is an enterprise which is run by state. It is either owned by Central Government or by State Government and in certain cases run by both of them. An enterprise will never be claimed as PSU until majority of its stock is owned by the government.
1) Central Public Sector Enterprises (CPSE's),
2) State Level Public Enterprises (SLPE's)
No, Public Sector Undertaking (PSU) is not different from Public Sector Enterprise (PSE). Both are one and the same i.e., an enterprise which is owned and run by State or Central Government.
Yes, Public Sector Banks (PSBs) are also PSU's. They usually come under State Level Public Enterprises (SLPE's) i.e., run by State Government.
This is a category formed by government in the year 2010 to raise company's investment.
a) Average turnover of the year should be Rs:20,000 crore for 3 years or
b) Average net profit of the year should be Rs: 2,500 crore.
-Rs:1,000 crore to Rs:5,000 crore
d) Coal India etc.....
This category was formed in the year 1997 and was given to 9 PSU's.
a) A company should be first eligible to become Miniratna and should possess at least four independent board directors before it is awarded as Navratna or
b) If the company is able to score at least 60 out of 100 on various parameters like PBDIT, production cost, service cost, manpower, net profit etc.....
-Up to Rs:1,000 crore.
c) Oil India,
d) Bharat Electronics etc.....
-Company who has made profit worth of Rs:30 crore or more in any one of the three years.
-Up to Rs:500 crore.
a) Hindustan Paper,
b) Hindustan Newsprint,
c) Central Coalfields,
d) Airport Authority of India etc.....
-Company who has made net profit every year over the last three years.
-Up to Rs:300 crore.
a) PEC Ltd,
b) Bharat Pumps and Compressors,
c) Engineering Projects,
d) HMT (International) Ltd etc.....