OVERVIEW OF PSU's

OVERVIEW OF PSU's

Description

PSU'sare government-owned corporationor state-owned enterprisecreated by a governmentto undertake commercial activities on behalf of Indian government. Several PublicSector Undertakings (PSU) under the aegis of Government of India regularlyprovides tremendous employment opportunities in various technical andmanagement areas.      MAHARATNA STATUS: Maharatna is the status given to top publicsector enterprises where the company have the authority to make foreigninvestments of upto Rs 5,000 crores without taking government approval. To bequalified as Maharatna the company should gain an annual net profit of over Rs.5,000 crores, net worth of Rs. 15,000 crores and turnover of Rs. 25,000 croresover past three consecutive years. At present there are four companies havingMaharatna status namely: SAIL, ONGC, NTPC, and IOCL.   NAVRATNASTATUS:       At present the total number of PSEs having Navratna status hasbeen raised to fifteen. To be qualified as a Navratna, the company must obtaina score of 60 out of 100 based on six major parameters. The Navratna statusgives privileges to enhance financial and operational autonomy and empowers toinvest up to Rs. 1000 croresor 15% of their net worth on a single project without seeking governmentapproval. In a year, these companies can spend up to 30% of their net worth notexceeding Rs. 1000 crores.   MADE EASY providesexclusive Classroom Study Course, Postal Study course for preparation for allmajor PSU recruitments.