PSUs

  • Post On: Thursday 06 December 2018 - 02:30.
  • PSU
About PSUs

What are PSUs?

PSU(Public Sector Undertakings) also often known by the term Public Sector Enterprises are government-owned corporations or state-owned enterprises created by the government to undertake commercial activities on behalf of the government. The majority of the company’s stocks or more than 51% of shares are owned by the government. This sector is also classified as Public Sector Banks (PSBs) or State Level Public Enterprises (SLPEs) or Central Public Sector Enterprises (CPSEs). PSUs provide a secure future and good money as these are less affected by the current recession.

 

Two different classifications of public sector undertakings are as follows:

  • The one which Central Government controls is The Central Public Sector Enterprises (CPSEs).
  • And the one which is under State Governments control is State Level Public Enterprises (SLPEs).

PSUs provide a career for both technical and non-technical personnel. There are a total of 252 PSUs in all over India. Each company has its own recruiting procedures, some have competitive type examinations and some have technical written and interview rounds. Thousands of diploma and degree holding personnel in the technical field are recruit in PSUs. Students who are from technical background can apply in technical service providing companies such as BHEL, BPCL, BSNL, HPCL, IOCL, ONGC, MTNL, NHAI, NTPC, SAIL and many more.

There are 8 Maharatnas, 16 Navratnas, and 74 Miniratnas as on 13th September 2017. Nearly 300 CPSEs(central public sector enterprises) are in total.

Additional financial autonomy has been awarded to Certain public sector undertakings to compete in the global market so as to "support them in their drive to become global giants". These public sector companies have comparative advantages i.e., they are given greater autonomy. In 1997 initially, these financial autonomies were awarded as Navratna. Originally, the word Navratna means a composition of nine precious gems. The government established the higher category, Maharatna in the year 2010.

Guidelines for awarding Ratna status are as follows:

Maharatna PSUs

Companies having the authority to make foreign investments of up to Rs 5,000 crores without taking any Government approval are considered top public sector enterprises are given the status of Maharatna. The eligibility criteria to be considered for grant of Maharatna status is the following:

  • The company should gain an annual net profit of over Rs. 5,000 crores.
  • The company should have a Navratna status.
  • The company's net worth should be of Rs. 15,000 crores.
  • The company should be listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations.
  • The company should have an average annual turnover of Rs. 25,000 crores over the past three consecutive years.

There are eight companies which have Maharatna status at present — Bharat Heavy Electricals (BHEL), Coal India Limited(CIL), GAIL (India), Indian Oil Corporation, NTPC, Oil Natural Gas Corporation (ONGC) Bharat Petroleum Corporation Limited and Steel Authority of India (SAIL).

 

Navratna PSU’s

The company which can invest up to Rs 1,000 crore without explicit government approval is given the status of Navaratna. This status is conferred to these companies by the Department of Public Enterprises. They also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad. The eligibility criteria to be considered for grant of Navaratna status is the following:

  • The company should have Miniratna Category – I status along with a Schedule ‘A’ listing.
  • The company should have at least 3 ‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) during the last five years.
  • The company should also have a composite score of 60 or above out of possible 100 marks in the 6 selected performance parameters:-
    1. Net Profit to Net Worth (25 marks/100 marks)
    2. Manpower cost to cost of production or services (15 marks/100 marks)
    3.
    Gross margin as capital employed (15marks/100 marks)
    4.
    Gross profit as Turnover (15marks/100 marks)
    5.
    Earnings per Share (10marks/100 marks)
    6.
    Inter-Sectoral comparison based on Net profit to net worth (20marks/100 marks)

There are sixteen companies which have Navaratna status at present — Bharat Electronics Limited, Container Corporation of India Limited, National Aluminium Company Limited (NACL), NMDC Limited, Neyveli Lignite Corporation Limited(NLCL), Power Grid Corporation of India Limited, Engineers India Limited, Hindustan Aeronautics Limited, Hindustan Petroleum Corporation Limited, Mahanagar Telephone Nigam Limited, National Buildings Construction Corporation Limited, Rashtriya Ispat Nigam Limited, Power Finance Corporation Limited, Oil India Limited, Rural Electrification Corporation Limited and Shipping Corporation of India Limited.

 

PSUs Examination Structure

ORGANIZATION

POST

TENTATIVE NOTIFICATION DATES

RELATED LINKS

 
 

BSNL

JTO

Last date of application submission: Apr

Written Exam: Jun

www.bsnl.co.in

 

NTPC

Executive Trainees

Online registration: Mar

Last date of submission: Mar

Written Exam : May

www.ntpccareers.net

 

BHEL

Engineer Trainees

Online submission of applications: Aug

Closing of online submission: Sep

Written Exam : Oct

https://careers.bhel.in/

 

DRDO

Scientist-B Entry

Application available from: May

Late date of submission: Jun

Written Exam: Sep

https://rac.gov.in/

 

IOCL

Engineers/ Graduate Apprentice Engineers

Online application: Jan

Last date of submission of Online form: Feb

Written Exam: Feb

www.iocl.com/Peoplecareers/Recruitment.aspx

 

DMRC

Junior Engineers

Late date of submission :Aug

Written Exam: Oct

www.delhimetrorail.com

 

ONGC

Graduate Trainees

Registration: Apr

Last date for receiving registration slip with enclosures: May

Written Exam: Jun

www.ongcindia.com

 

NHPC

Trainee Engineers

Online registration: Apr/May

Last date for receiving registration slip: May

Written Exam: Jun/Jul

www.nhpcindia.com

 

ECIL

Graduate Engineer Trainee

Last date of submission of application form: Jul

Written Exam: Oct

www.ecil.co.in

 

SJVNL

Executive Trainees

Last date of submission of application form: Jun

Written Exam: Sep

http://www.sjvn.nic.in/career.htm

 

BPCL

Management Trainee

Online application submission: Jun

Written Exam: Aug

https://www.bharatpetroleum.com/careers/careers.aspx

 

HPCL

Officer Trainees

Last date of submission of Online form: Jan

Written Exam: Feb

www.hindustanpetroleum.com

 

BARC

JRF, SRF, Research Associates

Last date of submission of application form: Feb

http://www.barconlineexam.in

 

PGCIL

Executive Trainees

Online form available: Dec /Jan

Written Exam: Feb

www.powergridindia.com

 

NALCO

Graduate Engineer Trainee

Online start registration: Aug

Last date for Online registration: Aug

Postal submission of form: Sep

Written Exam: Sep

Interview: Oct/Nov

www.nalcoindia.com

 

SAIL

Management Trainee

Application available from: Jun

Last date of submission: Jun

Written Exam: Jul

www.sail.co.in

 

Indian Railways

Section Engineer

Last date of submission of application form: Apr

Written Exam: Jul/Aug

www.rrbbnc.gov.in

www.rrbchennai.net

 

MTNL

JTO

Last date of submission of application form: Apr

Written Exam: Aug

www.mtnl.net.in

 

Bridge & Roof co. (I) Ltd

Trainee Engineers

Last date of submission of application form: Sep

Written Exam: Oct

www.bridgeroof.co.in

 

ISRO

Scientist/Engineer SC

Online application availability: Jan/Feb

Written Exam: Apr

www.shar.gov.in

 

GAIL

Executive Trainee

Online application available from: Oct

Last date of submission: Oct

Written Exam: Nov

www.gailonline.com

 

VIZAG STEEL

Management Trainee

Online registration : Apr/May

Last date for receiving registration slip: May

Written Exam: Jun

www.vizagsteel.com

 

BEL

Probationary Engineer

Online registration : Apr/May

Last date for receiving registration slip: May

Written Exam: Jul

http://bel-india.in/Default.aspx

 

PRASAR BHARATI

Engineering Assistants

Application available from: Jun /Jul

Last date of submission: Aug

Written Exam: Oct

www.allindiaradio.gov.in

 

 

PSUs Salary Structure

ORGANIZATION

 

SECTOR

 

STATUS

 

SALARY STRUCTURE

Oil & Natural Gas Corporation Limited (ONGC)

 

Petroleum & Natural Gas

 

Maharatna

 

Rs. 24,900-50,500

Indian Oil Corporation Limited (IOCL)

 

Petroleum & Natural Gas

 

Maharatna

 

Rs. 23,000-46,500

National Thermal Power Corporation Limited (NTPC)

 

Power

 

Maharatna

 

Rs. 24,900-50,500

Steel Authority of India Limited (SAIL)

 

Steel and Iron

 

Maharatna

 

Rs.20,600-46500

Coal India Limited

 

Mining

 

 

Maharatna

 

Rs.20,600-46500

Bharat Petroleum Corporation Limited (BPCL)

 

Petroleum & Natural Gas

 

Navratna

 

Rs. 23,000-46,500

Gas Authority of India Limited (GAIL)

 

Petroleum & Natural Gas

 

Navratna

 

Rs. 24,900-50,500

Hindustan Petroleum Corporation Limited (HPCL)

 

Petroleum & Natural Gas

 

Navratna

 

Rs. 24,900-50,500

Oil India Limited (OIL)

 

Petroleum & Natural Gas

 

Navratna

 

Rs. 24,900-50,500

Power Grid Corporation of India Limited (PGCIL)

 

Power

 

Navratna

 

Rs. 24,900-50,500

Bharat Heavy Electrical Limited (BHEL)

 

Defense

 

Navratna

 

Rs. 24,900-50,500

Bharat Electronics Limited (BEL)

 

Defense

 

Navratna

 

Rs. 16,400-40,500

Hindustan Aeronautics Limited (HAL)

 

Defense

 

Navratna

 

Rs 16500-40500

National Mineral Development Corporation Limited (NMDC)

 

Steel and Iron

 

Navratna

 

Rs. 16,400-40,500

Mahanagar Telephone Nigam Limited (MTNL)

 

Communication & IT

 

Navratna

 

Rs. 24,900-50,500

Power Finance Corporation Limited

 

Finance

 

Navratna

 

Rs. 24,900-50,500

 

National Aluminum Company Limited (NALCO)

 

Mining

 

Navratna

 

Rs. 16,400-40,500

Shipping Corporation of India Limited

 

Shipping

 

Navratna

 

Rs.20,600-46500

Rural Electrification Corporation Limited

 

Power

 

Navratna

 

Rs.20500-26500

Bharat Earth Movers Limited (BEML Limited )

 

Defense

 

Mini-Ratna

 

Rs. 16,400-40,500

Mazagaon Docks Limited (MDL)

 

Defense

 

Mini-Ratna

 

Rs. 16,400-40,500

 

Engineers India Limited (EIL)

 

Petroleum & Natural Gas

 

Mini-Ratna

 

Rs.20,600-46500

Bharat Sanchar Nigam Limited(BSNL)

 

Communication & IT

 

Mini-Ratna

 

Rs. 16,400-40,500

RITES

 

Infrastructure

 

Mini-Ratna

 

Rs. 16,400-40,500

 

 

National Hydroelectric Power Corporation(NHPC) Limited

 

Power

 

Mini-Ratna

 

Rs.20,600-46500

Airport Authority Of India Limited (AAI)

 

Civil Aviation

 

 

Mini-Ratna

 

Rs. 16,400-40,500

Indian Space Research Organization(ISRO)

 

Department of Space

 

Govt. of India

 

Rs. 15,600-39,100

Defense Research & Development Organization (DRDO)

 

Defense

 

Govt. of India

 

Rs. 15,600-39,100

Bhabha Atomic Research Centre (BARC)

 

Department of Atomic Energy

 

Govt. of India

 

Rs. 15,600-39,100

Electronics Corporation of India Limited (ECIL)

 

Department of Atomic Energy

 

Govt. of India

 

Rs. 16,400-40,500

Delhi Metro Rail Corporation (DMRC)

 

Transportation

 

Govt. of India

 

Rs.20,600-46500

 

PSUs Age Criteria

ORGANIZATION

 

AGE CRITERIA

 

Gen

 

OBC

 

SC/ST

 

PH

 

Bridge & Roof co. (I) Ltd

 

24 years

 

24-27 years

 

29 years

 

29 years-General

 

32 years-OBC

 

34 years- SC/ST

 

 

BHEL

 

27 years

 

27-30 years

 

32 years

 

32 years-General

 

35 years-OBC

 

37 years- SC/ST

 

 

ONGC

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

NTPC

 

27 years

 

27-30 years

 

32 years

 

32 years-General

 

35 years-OBC

 

37 years-SC/ST

 

SAIL

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

IOCL

 

26 years

 

26-29 years

 

31 years

 

31 years-General

 

34 years-OBC

 

36 years- SC/ST

 

 

ISRO

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

PGCIL

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

HAL

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

NALCO

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

GAIL

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

DRDO

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

DMRC

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

GAIL

 

26 years

 

26-29 years

 

31 years

 

31 years-General

 

34 years-OBC

 

36 years- SC/ST

 

BPCL

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

MTNL

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

HPCL

 

25 years

 

25-28 years

 

30 years

 

30 years-General

 

33 years-OBC

 

35 years- SC/ST

 

BEL

 

25 years

 

25-28 years

 

30 years

 

30 years-General

 

33 years-OBC

 

35 years- SC/ST

 

BARC

 

28 years

 

28-31 years

 

33 years

 

33 years-General

 

36 years-OBC

 

38 years- SC/ST

 

Indian railways

 

22 to 35 age

 

Group

 

22 to 35 age group + relaxable upto 3 years

 

22 to 35 age group +relaxable by 5 years

 

 

22 to 35 age group +

 

5 years-General

 

8 years-OBC

 

10 years- SC/ST

 

ECIL

 

25 years

 

25-28 years

 

30 years

 

30 years-General

 

33 years-OBC

 

35 years- SC/ST

 

VIZAG STEEL

 

25 years

 

25-28 years

 

30 years

 

30 years-General

 

33 years-OBC

 

35 years- SC/ST

 

NHPC

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

SJVNL

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

BSNL

 

30 years

 

30-33 years

 

35 years

 

35 years-General

 

38 years-OBC

 

40 years- SC/ST

 

PRASAR

 

BHARATI

 

27 years

 

27-30 years

 

32 years

 

32 years-General

 

35 years-OBC

 

37 years-SC/ST

 

 

PSUs Percentage Criteria

ORGANIZATION

 

STREAMS APPLICABLE

 

PERCENTAGE

 

GEN

 

OBC

 

SC/ST

 

PH

 

Bridge & Roof co. (I) Ltd

CE,ME,EE

 

70

 

70

 

60

 

60

 

BHEL

ME, EE, EC, CE

 

65

 

65

 

60

 

60

 

ONGC

ME, EE, Petroleum, IN, CH, Environment Engg

 

65

 

65

 

60

 

60

 

NTPC

EE, EC, Instrumentation & Control, Power Systems & High Voltage, Power Electronics, Power Plant Engg, ME, Production, Industrial Engg, Production & Industrial Engg, Thermal, Mechanical & Automation, Electronics & Power

 

65

 

65

 

55

 

55

 

SAIL

EC ,ME,EE,CS,IN, CH, Metallurgy,

Ceramics

 

65

 

65

 

50

 

50

 

IOCL

CH(Including Petrochemicals engg),CE, EE, Instrumentation Engg (Including Electronics & Instrumentation engg, EC, Telecomm –unication engg),ME, Manufacturing, Industrial engg

 

65

 

65

 

55

 

55

 

ISRO

ME,EE,EC,CS

 

65

 

65

 

65

 

65

 

PGCIL

EE, Civil, IT, Power Engg, AMIE in Electrical

 

65

 

65

 

Pass

 

Pass

 

HAL

ME, Production, Industrial, EC, EE, IN, CS

 

65

 

60

 

60

 

60

 

NALCO

ME,EE, C&I, CS, IT, Mining, Chemical, Civil, Metallurgy

 

65

 

65

 

55

 

55

 

GAIL

ME, P&I, Production, Mechanical & Automobile, EE, Electrical & Electronics, IN, Instrumentation & Control, EC, Electronics & Instrumentation, Electrical & Instrumentation, Chemical, Petrochemical, Civil, E&T, Telecommunication.

 

65

 

65

 

60

 

60

 

DRDO

EC, ME, CS,CH,EE

 

60

 

60

 

55

 

55

 

DMRC

ME, EE, EC,CE

 

60

 

60

 

55

 

55

 

GAIL

ME, IN, CH

 

60

 

60

 

60

 

60

 

BPCL

ME, EE, EC, CS

 

60

 

60

 

55

 

55

 

MTNL

EC,IT,CS,EE

 

60

 

60

 

55

 

55

 

HPCL

CE, CH, EE, IN, ME, EC

 

60

 

60

 

50

 

50

 

BEL

EE, ME, EC,CS, CH, CE, Telecommunication

 

60

 

60

 

Pass

 

Pass

 

BARC

CH, ME, Metallurgy, CS, EC, Instrumentation & Control Engg

 

60

 

60

 

60

 

55

 

Indian Railways

CE, CH, ME, EE, EC, CS or M.sc in Chemistry or Applied Chemistry. Metallurgy

 

60

 

60

 

55

 

55

 

ECIL

EC, EE, E&I,CS, CE,ME

 

60

 

60

 

50

 

50

 

VIZAG STEEL

ME, EE, CH, CE, EC, Ceramics, IN, Metallurgy

 

60

 

60

 

50

 

50

 

NHPC

CE, EE, ME

 

60

 

60

 

50

 

50

 

SJVNL

ME, EE, EC, Civil, IT

 

55

 

50

 

50

 

50

 

BSNL

Telecommunication, EC, Radio, CS,

EE, IT, CE

 

 

 

 

 

PRASAR

 

BHARATI

EE, EC, IT, Radio

 

 

 

 

 

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