Public Sector Undertakings

Different types of Public Sector Undertakings

  1. CPSEs (Central Public Sector Enterprises) – Companies where the direct holding of the Central Government or of other CPSEs is 51% or more
  2. PSBs (Public Sector Banks) – Banks where the direct holding of the Central/State Government or other PSBs is 51% or more
  3. SLPEs (State Level Public Enterprises) – Companies where the direct holding of the State Government or other SLPEs is 51% or more

Background and History

In 1947, when India became independent, there were various socio-economic problems confronting the country which needed to be dealt with in a planned and systematic manner. India at that time was primarily an agrarian economy with a weak industrial base, low level of savings, inadequate investments and lack of infrastructure facilities. There existed considerable inequalities in income and levels of employment, glaring regional imbalances in economic development and lack of trained manpower. As such, the State’s intervention in all the sectors of the economy was desirable and inevitable since private sector neither had the resources, managerial and scientific skill, nor the will to undertake the risks associated with large, long-gestation investments.

Among the imperatives before the Government at that time were:

  • Rapid economic development and industrialisation of the country and creating the necessary infrastructure for economic development
  • Removal of poverty and equitable distribution of income. Wider ownership of economic manpower to prevent its concentration in a few hands
  • Generation of employment opportunities
  • Removal of regional imbalances
  • Accelerated growth of agricultural and industrial production
  • Better utilisation of natural resources
  • Assist the development of small scale and ancillary industries
  • Promote import substitutions
  • Save and earn foreign exchange for the economy

Given the type and range of problems faced by the country on the economic, social and strategic fronts, it became a pragmatic compulsion to use the public sector as an instrument for self-reliant economic growth.

The dominant consideration for the continued large investments in public sector enterprises was to accelerate the growth of core sectors of economy; to serve the equipment needs of strategically important sectors like Railways, Telecommunications, Nuclear Power, Defense etc. and to provide a springboard for the economy to achieve a significant degree of self-sufficiency in the critical sectors. The rationale for setting up public enterprises was to ensure easier availability of vital articles of mass consumption, to introduce checks on prices of important products, help promote emerging areas like tourism, etc. A large number of enterprises were created out of “Sick Units” taken over from the private sector inter alia, to protect the interests of the workers. A number of public enterprises were created to operate in national and international trade, consultancy, contract and construction services, inland and overseas communications, etc. The overall constitution of public sector enterprises in India is, thus, a heterogeneous conglomeration of basic and infrastructure industries, industries producing consumer goods, industries engaged in trade and services etc.

Product Profile

Public sector enterprises offer a wide range of products and services which include:

  • Manufacturing of
    • steel
    • heavy machinery
    • machine tools
    • instruments
    • heavy machine building equipment
    • heavy electrical equipment for thermal and hydel stations
    • transportation equipment
    • telecommunication equipment
    • ships and sub-marines
    • fertilizers
    • drugs and pharmaceuticals
    • petrochemicals
    • cement
    • textile
  • Mining of coal and minerals
  • Extraction and refining of crude oil
  • Operation of air, sea, river and road transport
  • National and international trade
  • Consultancy
  • Contract and construction services
  • Inland and overseas telecommunication services
  • Financial services
  • Consumer items such as newsprint, paper and contraceptives
  • Hotel and tourism services

As of 31st March 2014, there were as many as 290 CPSEs (excluding 7 insurance companies). The number of profit making CPSEs increased steadily from 143 CPSEs in 2004-05 to 160 CPSEs in 2007-08. The number of profit making CPSEs as on 2013-14 stands at 163 with a total profit of Rs. 1,49,164 crore. (Source: Public Enterprise Survey 2013-14)

The Maharatnas

Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect from 19th May, 2010, in order to empower mega CPSEs to expand their operations and emerge as global giants. The objective of the scheme is to delegate enhanced powers to the Boards of identified large-sized Navratna CPSEs so as to facilitate expansion of their operations, both in domestic as well as global markets.

Following CPSEs have been identified as Maharatnas:

  1. BHARAT HEAVY ELECTRICALS LTD.
  2. COAL INDIA LTD.
  3. GAIL (INDIA) LTD.
  4. INDIAN OIL CORP.LTD.
  5. NTPC LTD.
  6. OIL & NATURAL GAS CORP.LTD.
  7. STEEL AUTHORITY OF INDIA LTD.

Source: Department of Public Enterprises (as on Oct, 2014)

Eligibility Criteria for grant of Maharatna status

CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status:

  1. Having Navratna status
  2. Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations
  3. An average annual turnover of more than Rs. 20,000 crore during the last three years
  4. An average annual net worth of more than Rs.10,000 crore during the last three years
  5. An average annual net profit of more than Rs. 2,500 crore during the last 3 years
  6. Significant global presence or international operations

Procedure for grant of Maharatna status

The procedure for grant of Maharatna status is similar to that for the grant of Navratna status. Accordingly, the proposal(s) for grant of Maharatna status should be initiated by the concerned Administrative Ministries/Departments (after approval of their Financial Advisors and Ministers-in-charge) to the Department of Public Enterprises (DPE). DPE would process the proposal(s) for consideration of the Inter-Ministerial Committee (IMC). The composition of the IMC is as under:

(i)Secretary, Department of Public EnterprisesChairman
(ii)Secretary, Department of ExpenditureMember
(iii)Secretary, Planning CommissionMember
(iv)Secretary of the concerned Administrative Ministry/DepartmentMember

After the consideration by the IMC, the proposal would be processed for consideration of the Apex Committee headed by the Cabinet Secretary. The composition of the Apex Committee is as under:

(i)Cabinet SecretaryChairman
(ii)Secretary, Department of Public BnterprisesMember-Secretary
(iii)Secretary, Department of ExpenditureMember
(iv)Secretary, Planning CommissionMember
(v)Secretary of the concerned Administrative Ministry/Department.Member

The recommendations of the Apex Committee for grant of Maharatna status would be placed before the Minister (HI&PE) for a decision.

Delegation of powers to Maharatna CPSEs

The Boards of Maharatna CPSEs have been delegated the following powers:

  1. To incur capital expenditure on purchase of new items or for replacement, without any monetary ceiling
  2. To enter technology joint ventures (JVs) or strategic alliances
  3. To obtain technology and know-how by purchase or other arrangements
  4. To effect organizational restructuring including establishment of profit centre, opening of offices in India/abroad, creating new activity centres etc.
  5. To create below Board level posts up to E-9 level and to wind up all below Board level posts. The Boards of Directors of these CPSEs will have powers to make all appointments, effect internal transfers and re-designation of all below Board level posts.
  6. To structure and implement schemes related to personnel and human resource management and training
  7. To raise debt from the domestic capital markets and international markets, the latter being subject to the approval of RBI/Department of Economic Affairs, as may be required. Approval for the same should be obtained through the administrative Ministry.
  8. To make equity investment to establish financial JVs and wholly owned subsidiaries and undertake mergers and acquisitions (M&As) in India or abroad, subject to a ceiling of 15% of the net worth of the concerned CPSE, limited to Rs.5.000 crore in one project. The overall ceiling on such investments in all projects put together will not exceed 30% of the net worth of the concerned CPSE. While normally the investment would be done directly by the parent CPSE, in cases where it proposes to invest through a subsidiary into another JV, and also provide the additional capital for this purpose, the above stipulations would be in the context of the parent company.
  9. The Board of Directors shall have the powers for M&As, subject to the conditions that (a) it should be as per the growth plan and in the core area of functioning of the CPSE and (b) the Cabinet Committee on Economic Affairs (CCEA) would be kept informed in case of investments abroad. Further, the powers relating to M&As should be exercised in such a manner that it should not lead to any change in the public sector character of the concerned CPSEs.
  10. CMD is empowered to approve international business tours of functional Directors up to 5 days duration (other than study tours, seminars, etc.) in emergency, under intimation to the Secretary of the Administrative Ministry.
  11. Holding companies are empowered to transfer assets, float fresh equity and divest shareholding in subsidiaries subject to the condition that the delegation will only be in respect of subsidiaries set up by the holding company under the powers delegated to Navratna/Maharatna CPSEs and further to the proviso that a) the public sector character of the concerned CPSE (including subsidiary) would not be changed without prior approval of the Government, and b) such Maharatna CPSEs will be required to seek Government approval before exiting from their subsidiaries.

The exercise of Maharatna powers would be subject to the same conditions and guidelines as laid down by the Government in respect of Navratna CPSEs from time to time. These conditions and guidelines as they stand on date are as under.

  1. The Boards of these CPSEs should be restructured by inducting requisite number of non-official Directors as per SEBI guidelines, subject to a minimum of four.
  2. AIl the proposals, whether they pertain to capital expenditure, investment or other matters involving substantial financial or managerial commitments or where they are likely to have a long-term impact on the structure and functioning of the CPSE, should be prepared by or with the assistance of professionals and experts and should be appraised, in suitable cases, by financial institutions or reputed professional organizations with expertise in the area. The financial appraisal should also preferably be backed by an involvement of the appraising institution through loans or equity participation.
  3. The proposals must be presented to the Board of Directors in writing and reasonably well in advance, with an analysis of relevant factors and quantification of the anticipated results and benefits. Risk factors, if any, must be dearly brought out.
  4. All the Government Director(s), the Financial Director and the concerned Functional Director(s) must be present when major decisions are taken, especially when they pertain to investments, expenditure or organizational/capital restructuring and exercise of Navratna/Maharatna powers.
  5. The decisions on proposals listed in the above point should preferably be unanimous. In the event of any decision on such matters not being unanimous, a majority decision may be taken, but at least two-thirds of the Directors should be present. In addition, all the Government Director(s), the Financial Director and the concerned Functional Director(s) should invariably be present when such decisions are taken. The objections, dissents, the reasons for over-ruling them and those for taking the decision should be recorded in writing and minuted.
  6. No financial support or contingent liability on the part of the Government should be involved. These CPSEs shall not depend upon budgetary support or Government guarantees. The resources for implementing their programmes should come from their internal resources or through other sources, including capital markets. However, budgetary support to implement Government sponsored projects of national interest and Government-sponsored Research and Development (R&D) projects will not disqualify CPSEs from retaining their Maharatna status and for such projects, investment decisions will be taken by the Government and not by the concerned CPSE. Further, wherever Government guarantee is required under the standard stipulations of external donor agencies, the same may be obtained from the Ministry of Finance through the Administrative Ministry and such Government guarantee shall not affect Maharatna status.
  7. These CPSEs will establish transparent and effective systems of internal monitoring, including the establishment of an Audit Committee of the Board with membership of non-official Directors.
  8. The exercise of authority to enter into technology JVs and strategic alliances shall be in accordance with Government guidelines as may be issued from time to time.
  9. These CPSEs shall follow the highest standards of Corporate Governance and Corporate Social Responsibility applicable to CPSEs.

Review of Performance of Maharatna CPSEs

The performance of Maharatna CPSEs would be reviewed annually by the Inter-Ministerial Committee, and thereafter by the Apex Committee headed by the Cabinet Secretary which will recommend continuation/divestment of Maharatna status. The review will focus on the eligibility of Maharatna CPSEs vis-à-vis the criteria laid down for grant of Maharatna status, and their performance during the previous year(s).

Divestment of Maharatna Status

In case, the Apex Committee recommends divestment of Maharatna status of a CPSE, such a recommendation would be placed before the Minister (HI & PE) for a decision.

DPE may issue suitable clarifications and make modifications to the Maharatna scheme in order to ensure smooth implementation of the scheme.

The Navratnas

Under this scheme, the Government has delegated higher powers to CPSEs having a comparative advantage and the potential to become global players. Presently, the Navratna CPSEs are:-

  1. BHARAT ELECTRONICS LTD.
  2. BHARAT PETROLEUM CORP.LTD.
  3. CONTAINER CORP.OF INDIA LTD.
  4. ENGINEERS INDIA LTD.
  5. HINDUSTAN AERONAUTICS LTD.
  6. HINDUSTAN PETROLEUM CORP.LTD.
  7. MAHANAGAR TELEPHONE NIGAM LTD.
  8. NATIONAL ALUMINIUM CO.LTD.
  9. NATIONAL BUILDINGS CONSTRUCTION CORP.LTD.
  10. NEYVELI LIGNITE CORP.LTD.
  11. NMDC LTD.
  12. OIL INDIA LTD.
  13. POWER FINANCE CORP.LTD.
  14. POWER GRID CORP.OF INDIA LTD.
  15. RASHTRIYA ISPAT NIGAM LTD.
  16. RURAL ELECTRIFICATION CORP.LTD.
  17. SHIPPING CORP.OF INDIA LTD.,THE

Source: Department of Public Enterprises (as on Oct, 2014)

The powers presently delegated to the Boards of Navratna PSUs are as under:

  1. To incur capital expenditure on purchase of new items or for replacement, without any monetary ceiling
  2. To enter into technology joint ventures or strategic alliances
  3. To obtain by purchase or other arrangements, technology and know-how
  4. To effect organisational restructuring including establishment of profit centers, opening of offices in India and abroad, creating new activity centres, etc.
  5. Creation and winding up of all posts including and upto those of non Board-level Directors, i.e. Functional Directors, who may have the same pay scale that of Board level Directors, but who would not be members of the Board. All appointments upto this level would also be in the powers of the Boards and would include the power to effect internal transfers and redesignation of posts
  6. To further delegate the powers relating to Human Resource Management (appointments, transfer, posting etc) of below Board level executives to sub-committees of the Board or to executives of the CPSE, as may be decided by the Board of CPSE.
  7. To raise debt from the domestic capital markets and for borrowings from international market, which would be subject to the approval of RBI/Department of Economic Affairs as may be required and should be obtained through the administrative ministry.
  8. To establish financial joint ventures and wholly owned subsidiaries in India or abroad with the stipulation that the equity investment of the CPSE should be limited to the following:-
    a. Rs 1000 crore in any one project
    b. 15 % of the net worth of the CPSE in one project
    c. 30 % of the net worth of the CPSE in all joint ventures/subsidiaries put together
  9. To undertake mergers and acquisitions, subject to the conditions that (i) it should be as per the growth plan and in the core area of functioning of the CPSE, (ii) conditions/limits would be as in the case of establishing joint ventures/subsidiaries, and (iii) the Cabinet Committee on Economic Affairs would be kept informed in case of investments abroad.
  10. To approve business tours abroad of functional directors upto 5 days duration (other than study tours, seminars, etc) in emergency, by the Chief Executive or the CPSE under intimation to the Secretary of the Administrative Ministry. In all other cases including those of Chief Executive, tours abroad would continue to require the prior approval of the Minister of the Administrative Ministry/Department.

The above mentioned delegation is subject to the following conditions and guidelines:

  1. Proposals must be presented to the Board of Directors in writing and reasonably well in advance, with an analysis of relevant factors and quantification of the anticipated results and benefits. Risk factors if any must be clearly brought out.
  2. The Government Directors, the Financial Directors and the concerned Functional Director(s) must be present when major decisions are taken, especially when they pertain to investments, expenditure or organisational/capital restructuring.
  3. The decisions on such proposals should preferably be unanimous
  4. In the event of any decision on important matters not being unanimous, a majority decision may be taken, but at least two thirds of the Directors should be present including those mentioned above, when such a decision is taken. The objections, dissents, the reasons for over ruling them and those for taking the decision should be recorded in writing and minuted.
  5. No financial support or contingent liability on the part of the Government should be involved.
  6. These CPSEs will establish transparent and effective systems of internal monitoring, including the establishment of an Audit Committee of the Board with membership of non-official Directors.
  7. All the proposals, where they pertain to capital expenditure, investment or other matters involving substantial financial or managerial commitments or where they would have a long term impact on the structure and functioning of the CPSEs, should be prepared by or with the assistance of professionals and expert s and should be appraised, in suitable cases, by financial institutions or reputed professional organisations with expertise in the areas. The financial appraisal should also preferably be backed by an involvement of the appraising institutions through loan or equity participation.
  8. The exercise of authority to enter into technology joint ventures and strategic alliances shall be in accordance with the Government guidelines as may be issued from time to time.
  9. The Boards of these CPSEs should be restructured by inducting at least four non-official Directors as the first step before the exercise of the enhanced delegation of authority.
  10. These public sector enterprises shall not depend upon budgetary support or Government guarantee. The resources for implementing their programmes should come from their internal resources or through other sources, including the capital markets.

    The Miniratnas (I and II)

    In October 1997, the Government decided to grant enhanced autonomy and delegation of financial powers to some other profit making companies (other than the Navratnas) subject to certain eligibility conditions and guidelines to make them efficient and competitive. These categories were Category I and Category II

    1. Category I CPSEs should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crore or more in at least one of the three years and should have a positive net worth.
    2. Category II CPSEs should have made profit for the last three years continuously and should have a positive net worth.

    These CPSEs have enhanced delegated powers provided they meet the following eligibility conditions and criteria:

    1. They have not defaulted in the repayment of loans/interest payment on any loans due to the Government
    2. These public sector enterprises shall not depend upon budgetary support or Government guarantee.
    3. The Boards of these CPSEs should be restructured by inducting at least three non-official Directors as the first step before the exercise of enhanced delegation of authority.
    4. The administrative ministry concerned shall decide whether a public sector enterprise fulfilled the requirements of a category I/category II company before the exercise of enhanced powers.

    Category I CPSEs

    1. AIRPORTS AUTHORITY OF INDIA
    2. ANTRIX CORP.LTD.
    3. BALMER LAWRIE & CO.LTD.
    4. BEML LTD.
    5. BHARAT COKING COAL LTD.
    6. BHARAT DYNAMICS LTD.
    7. BHARAT SANCHAR NIGAM LTD.
    8. BRIDGE & ROOF CO.(INDIA) LTD.
    9. CENTRAL COALFIELDS LTD.
    10. CENTRAL WAREHOUSING CORP.
    11. CHENNAI PETROLEUM CORP.LTD.
    12. COCHIN SHIPYARD LTD.
    13. DREDGING CORP.OF INDIA LTD.
    14. GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.
    15. GOA SHIPYARD LTD.
    16. HINDUSTAN COPPER LTD.
    17. HINDUSTAN NEWSPRINT LTD.
    18. HINDUSTAN PAPER CORP.LTD.
    19. HLL LIFECARE LTD.
    20. HOUSING & URBAN DEVELOPMENT CORP.LTD.
    21. INDIA TOURISM DEVELOPMENT CORP.LTD.
    22. INDIAN RAILWAY CATERING & TOURISM CORP.LTD.
    23. INDIAN RARE EARTHS LTD.
    24. IRCON INTERNATIONAL LTD.
    25. KAMARAJAR PORT LTD.
    26. KIOCL LTD.
    27. MAHANADI COALFIELDS LTD.
    28. MANGALORE REFINERY & PETROCHEMICALS LTD.
    29. MAZAGON DOCK LTD.
    30. MISHRA DHATU NIGAM LTD.
    31. MMTC LTD.
    32. MOIL LTD.
    33. MSTC LTD.
    34. NATIONAL FERTILIZERS LTD.
    35. NATIONAL SEEDS CORP.LTD.
    36. NHPC LTD.
    37. NORTH EASTERN ELECTRIC POWER CORP.LTD.
    38. NORTHERN COALFIELDS LTD.
    39. NUMALIGARH REFINERY LTD.
    40. ONGC VIDESH LTD.
    41. PAWAN HANS LTD.
    42. PROJECTS & DEVELOPMENT INDIA LTD.
    43. RAIL VIKAS NIGAM LTD.
    44. RAILTEL CORP.OF INDIA LTD.
    45. RASHTRIYA CHEMICALS & FERTILIZERS LTD.
    46. RITES LTD.
    47. SECURITY PRINTING & MINTING CORP.INDIA LTD.
    48. SJVN LTD.
    49. SOUTH EASTERN COALFIELDS LTD.
    50. STATE TRADING CORP.OF INDIA LTD.,THE
    51. TELECOMMUNICATIONS CONSULTANTS INDIA LTD.
    52. THDC INDIA LTD.
    53. WAPCOS LTD.
    54. WESTERN COALFIELDS LTD.

    Category II CPSEs 

    1. BHARAT PUMPS & COMPRESSORS LTD.
    2. BROADCAST ENGINEERING CONSULTANTS INDIA LTD.
    3. CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.
    4. CENTRAL RAILSIDE WAREHOUSING CO.LTD.
    5. EDCIL (INDIA) LTD.
    6. ENGINEERING PROJECTS (INDIA) LTD.
    7. FCI ARAVALI GYPSUM & MINERALS INDIA LTD.
    8. FERRO SCRAP NIGAM LTD.
    9. HMT (INTERNATIONAL) LTD.
    10. HSCC (INDIA) LTD.
    11. INDIA TRADE PROMOTION ORGANISATION
    12. INDIAN MEDICINES PHARMACEUTICAL CORP.LTD.
    13. MECON LTD.
    14. MINERAL EXPLORATION CORP.LTD.
    15. NATIONAL FILM DEVELOPMENT CORP.LTD.
    16. NATIONAL SMALL INDUSTRIES CORP.LTD.,THE
    17. PEC LTD.
    18. RAJASTHAN ELECTRONICS & INSTRUMENTS LTD.

    Source: Department of Public Enterprises (as on Oct, 2014)

    The delegation of decision making authority available at present to the Boards of these Miniratna CPSEs is as follows:

    1. Capital Expenditure
      1. CPSEs Category I: The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs. 500 crore or equal to net worth, whichever is less.
      2. CPSEs Category II: The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs. 250 crore or equal to 50 % of the net worth, whichever is less.
    2. Joint Ventures and Subsidiaries 
      1. CPSEs Category I: The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs. 500 crore or equal to net worth, whichever is less.
      2. CPSEs Category II: The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs. 250 crore or equal to 50 % of the net worth, whichever is less.
    3. Mergers and Acquisitions
      The Board of Directors of these CPSEs have the powers for mergers and acquisitions, subject to the conditions that (i) it should be as per the growth plan and in the core area of functioning of the CPSE, (ii) conditions/limits would be as in the case of establishing joint ventures/subsidiaries, and (iii) Cabinet Committee on Economic Affairs would be kept informed in case of investments abroad
    4. Scheme for HRD
      The Board of Directors of these CPSEs have the powers to structure and implement schemes relating to personnel and human resource management, training, voluntary or compulsory retirement schemes, etc. The Board of Directors of these CPSEs has the power to further delegate the powers relating to Human Resource Management (appointments, transfers, postings, etc). of below Board level executives to subcommittees of the Board or to executives of the CPSE, as may be decided by the Board of the CPSE.
    5. Tour Abroad of Functional Directors
      The Chief Executives of these CPSEs have the power to approve business tours abroad of functional directors upto 5 days, duration (other than study tours, seminars, etc) in emergency, under intimation to the Secretary of the administrative ministry. In all other cases including those of Chief Executive, tours abroad would continue to require the prior approval of the minister of the Administrative Ministry/Department.
    6. Technology Joint Ventures and Strategic Alliances
      The Board of Directors of these CPSEs have the powers to enter into technology joint ventures, strategic alliances and to obtain technology and know-how by purchase or other arrangements, subject to government guidelines as may be issued from time to time.

    The above delegation of powers is subject to similar conditions as are applicable to Navratna CPSEs.

Central Public Sector Undertakings / Enterprises (CPSEs)

Central Public Sector Undertakings / Enterprises (CPSEs) are those companies in which the direct holding of the Central Government or other CPSEs is 51% or more.

As on 31.3.2014 there were 290 Central Public Sector Enterprises wherein, 169 are Holding CPSEs and 121 are the Subsidiary.

Master list of CPSEs (as on 31st March 2014) is as under.

  Sl.No.CompanyHolding/Subsidiary
1AIR INDIA AIR TRANSPORT SERVICES LTD.SUBSIDIARY
2AIR INDIA CHARTERS LTD.SUBSIDIARY
3AIR INDIA ENGINEERING SERVICES LTD.SUBSIDIARY
4AIR INDIA LTD.HOLDING
5AIRLINE ALLIED SERVICES LTD.SUBSIDIARY
6AIRPORTS AUTHORITY OF INDIAHOLDING
7ANDAMAN & NICOBAR ISLANDS FOREST & PLANTATION DEVELOPMENT CORP.LTD.HOLDING
8ANDREW YULE & CO.LTD.HOLDING
9ANTRIX CORP.LTD.HOLDING
10ANUSHAKTI VIDHYUT NIGAM LTD.SUBSIDIARY
11ARTIFICIAL LIMBS MANUFACTURING CORP.OF INDIAHOLDING
12ASSAM ASHOK HOTEL CORP.LTD.SUBSIDIARY
13BALLABGARH – GN TRANSMISSION CO. LTD.SUBSIDIARY
14BALMER LAWRIE & CO.LTD.SUBSIDIARY
15BALMER LAWRIE INVESTMENTS LTD.HOLDING
16BEL OPTRONICS DEVICES LTD.SUBSIDIARY
17BEML LTD.HOLDING
18BENGAL CHEMICALS & PHARMACEUTICALS LTD.HOLDING
19BHARAT BHARI UDYOG NIGAM LTD.HOLDING
20BHARAT BROADBAND NETWORK LTD.HOLDING
21BHARAT COKING COAL LTD.SUBSIDIARY
22BHARAT DYNAMICS LTD.HOLDING
23BHARAT ELECTRONICS LTD.HOLDING
24BHARAT HEAVY ELECTRICALS LTD.HOLDING
25BHARAT HEAVY PLATE & VESSELS LTD.SUBSIDIARY
26BHARAT IMMUNOLOGICALS & BIOLOGICALS CORP.LTD.HOLDING
27BHARAT PETROLEUM CORP.LTD.HOLDING
28BHARAT PETRORESOURCES JPDA LTD.SUBSIDIARY
29BHARAT PETRORESOURCES LTD.SUBSIDIARY
30BHARAT PUMPS & COMPRESSORS LTD.HOLDING
31BHARAT SANCHAR NIGAM LTD.HOLDING
32BHARAT WAGON & ENGINEERING CO.LTD.HOLDING
33BHARATIYA NABHIKIYA VIDYUT NIGAM LTD.HOLDING
34BHARATIYA RAIL BIJLEE CO.LTD.SUBSIDIARY
35BHEL ELECTRICAL MACHINES LTD.SUBSIDIARY
36BIECCO LAWRIE LTD.HOLDING
37BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCILHOLDING
38BIRDS JUTE & EXPORTS LTD.SUBSIDIARY
39BISRA STONE LIME CO.LTD.SUBSIDIARY
40BRAHMAPUTRA VALLEY FERTILIZER CORP.LTD.HOLDING
41BRAHMPUTRA CRACKER & POLYMER LTD.SUBSIDIARY
42BRAITHWAITE & CO.LTD.HOLDING
43BRAITHWAITE BURN & JESSOP CONSTRUCTION COMPANY LTD.SUBSIDIARY
44BRIDGE & ROOF CO.(INDIA) LTD.HOLDING
45BRITISH INDIA CORP.LTD.,THEHOLDING
46BROADCAST ENGINEERING CONSULTANTS INDIA LTD.HOLDING
47CEMENT CORP.OF INDIA LTD.HOLDING
48CENTRAL COALFIELDS LTD.SUBSIDIARY
49CENTRAL COTTAGE INDUSTRIES CORP.OF INDIA LTD.HOLDING
50CENTRAL ELECTRONICS LTD.HOLDING
51CENTRAL INLAND WATER TRANSPORT CORP.LTD.HOLDING
52CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.SUBSIDIARY
53CENTRAL RAILSIDE WAREHOUSING CO.LTD.SUBSIDIARY
54CENTRAL WAREHOUSING CORP.HOLDING
55CERTIFICATION ENGINEERS INTERNATIONAL LTD.SUBSIDIARY
56CHENNAI PETROLEUM CORP.LTD.SUBSIDIARY
57CHEYYUR INFRA LTD.SUBSIDIARY
58CHHATTISGARH SURGUJA POWER LTD.SUBSIDIARY
59COAL INDIA LTD.HOLDING
60COASTAL KARNATAKA POWER LTD.SUBSIDIARY
61COASTAL MAHARASHTRA MEGA POWER LTD.SUBSIDIARY
62COASTAL TAMIL NADU POWER LTD.SUBSIDIARY
63COCHIN SHIPYARD LTD.HOLDING
64CONCOR AIR LTD.SUBSIDIARY
65CONTAINER CORP.OF INDIA LTD.HOLDING
66COTTON CORP.OF INDIA LTD.,THEHOLDING
67CREDA-HPCL BIOFUEL LTD.SUBSIDIARY
68DEDICATED FREIGHT CORRIDOR CORP.OF INDIA LTD.HOLDING
69DELHI POLICE HOUSING CORPORATION LTD.SUBSIDIARY
70DEOGHAR MEGA POWER LTD.SUBSIDIARY
71DGEN TRANSMISSION CO.LTD.SUBSIDIARY
72DONYI POLO ASHOK HOTEL LTD.SUBSIDIARY
73DREDGING CORP.OF INDIA LTD.HOLDING
74EASTERN COALFIELDS LTD.SUBSIDIARY
75EASTERN INVESTMENT LTD.SUBSIDIARY
76ECGC LTD.HOLDING
77EDCIL (INDIA) LTD.HOLDING
78ELECTRONICS CORP.OF INDIA LTD.HOLDING
79ENGINEERING PROJECTS (INDIA) LTD.HOLDING
80ENGINEERS INDIA LTD.HOLDING
81FCI ARAVALI GYPSUM & MINERALS INDIA LTD.HOLDING
82FERRO SCRAP NIGAM LTD.SUBSIDIARY
83FERTILIZER CORP.OF INDIA LTD.,THEHOLDING
84FERTILIZERS & CHEMICALS TRAVANCORE LTD.HOLDING
85FOOD CORP.OF INDIAHOLDING
86FRESH & HEALTHY ENTERPRISES LTD.SUBSIDIARY
87GAIL (INDIA) LTD.HOLDING
88GAIL GAS LTD.SUBSIDIARY
89GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.HOLDING
90GHOGARPALLI INTEGRATED POWER CO.LTD.SUBSIDIARY
91GOA ANTIBIOTICS & PHARMACEUTICALS LTD.SUBSIDIARY
92GOA SHIPYARD LTD.HOLDING
93HANDICRAFTS & HANDLOOMS EXPORTS CORP.OF INDIA LTD.,THEHOLDING
94HEAVY ENGINEERING CORP.LTD.HOLDING
95HIGH SPEED RAIL CORP.OF INDIA LTD.SUBSIDIARY
96HINDUSTAN AERONAUTICS LTD.HOLDING
97HINDUSTAN ANTIBIOTICS LTD.HOLDING
98HINDUSTAN CABLES LTD.HOLDING
99HINDUSTAN COPPER LTD.HOLDING
100HINDUSTAN FERTILIZER CORP.LTD.HOLDING
101HINDUSTAN FLUOROCARBONS LTD.SUBSIDIARY
102HINDUSTAN INSECTICIDES LTD.HOLDING
103HINDUSTAN NEWSPRINT LTD.SUBSIDIARY
104HINDUSTAN ORGANIC CHEMICALS LTD.HOLDING
105HINDUSTAN PAPER CORP.LTD.HOLDING
106HINDUSTAN PETROLEUM CORP.LTD.HOLDING
107HINDUSTAN PHOTO FILMS MFG.CO.LTD.HOLDING
108HINDUSTAN PREFAB LTD.HOLDING
109HINDUSTAN SALTS LTD.HOLDING
110HINDUSTAN SHIPYARD LTD.HOLDING
111HINDUSTAN STEELWORKS CONSTRUCTION LTD.HOLDING
112HINDUSTAN VEGETABLE OILS CORP.LTD.HOLDING
113HLL BIOTECH LTD.HOLDING
114HLL LIFECARE LTD.HOLDING
115HMT (INTERNATIONAL) LTD.SUBSIDIARY
116HMT BEARINGS LTD.SUBSIDIARY
117HMT CHINAR WATCHES LTD.SUBSIDIARY
118HMT LTD.HOLDING
119HMT MACHINE TOOLS LTD.SUBSIDIARY
120HMT WATCHES LTD.SUBSIDIARY
121HOOGHLY DOCK & PORT ENGINEERS LTD.HOLDING
122HOOGHLY PRINTING CO.LTD.SUBSIDIARY
123HOTEL CORP.OF INDIA LTD.SUBSIDIARY
124HOUSING & URBAN DEVELOPMENT CORP.LTD.HOLDING
125HPCL BIOFUELS LTD.SUBSIDIARY
126HPCL RAJASTHAN REFINERY LTD.SUBSIDIARY
127HSCC (INDIA) LTD.HOLDING
128IDPL (TAMIL NADU) LTD.SUBSIDIARY
129INDIA INFRASTRUCTURE FINANCE CO.LTD.HOLDING
130INDIA TOURISM DEVELOPMENT CORP.LTD.HOLDING
131INDIA TRADE PROMOTION ORGANISATIONHOLDING
132INDIAN DRUGS & PHARMACEUTICALS LTD.HOLDING
133INDIAN MEDICINES PHARMACEUTICAL CORP.LTD.HOLDING
134INDIAN OIL CORP.LTD.HOLDING
135INDIAN OIL-CREDA BIOFUELS LTD.SUBSIDIARY
136INDIAN RAILWAY CATERING & TOURISM CORP.LTD.HOLDING
137INDIAN RAILWAY FINANCE CORP.LTD.HOLDING
138INDIAN RAILWAY STATIONS DEVELOPMENT CORP.LTD.HOLDING
139INDIAN RARE EARTHS LTD.HOLDING
140INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD.HOLDING
141INDIAN VACCINE CORP.LTD.HOLDING
142INDO CAT PVT. LTD.SUBSIDIARY
143INSTRUMENTATION LTD.HOLDING
144IRCON INFRASTRUCTURE & SERVICES LTD.SUBSIDIARY
145IRCON INTERNATIONAL LTD.HOLDING
146IRRIGATION & WATER RESOURCES FINANCE CORP.LTD.HOLDING
147ITI LTD.HOLDING
148J&K MINERAL DEVELOPMENT CORP.SUBSIDIARY
149JAGDISHPUR PAPER MILLS LTD.SUBSIDIARY
150JHARKHAND NATIONAL MINERAL DEVELOPMENT CORP.LTD.HOLDING
151JUTE CORP.OF INDIA LTD.HOLDING
152KAMARAJAR PORT LTD.HOLDING
153KANTI BIJLEE UTPADAN NIGAM LTD.SUBSIDIARY
154KARNATAKA ANTIBIOTICS & PHARMACEUTICALS LTD.HOLDING
155KARNATAKA TRADE PROMOTION ORGANIZATIONSUBSIDIARY
156KIOCL LTD.HOLDING
157KOLKATA METRO RAIL CORPORATION LTD.HOLDING
158KONKAN RAILWAY CORP.LTD.HOLDING
159KUMARAKRUPPA FRONTIER HOTELS LTD.HOLDING
160LOKTAK DOWNSTREAM HYROELECTRIC CORP.SUBSIDIARY
161MADHYA PRADESH ASHOK HOTEL CORP.LTD.SUBSIDIARY
162MADRAS FERTILIZERS LTD.HOLDING
163MAHANADI BASIN POWER LTD.SUBSIDIARY
164MAHANADI COALFIELDS LTD.SUBSIDIARY
165MAHANAGAR TELEPHONE NIGAM LTD.HOLDING
166MAMC INDUSTRIES LTD.SUBSIDIARY
167MANGALORE REFINERY & PETROCHEMICALS LTD.SUBSIDIARY
168MAZAGON DOCK LTD.HOLDING
169MECON LTD.HOLDING
170MILLENNIUM TELECOM LTD.SUBSIDIARY
171MINERAL EXPLORATION CORP.LTD.HOLDING
172MISHRA DHATU NIGAM LTD.HOLDING
173MJSJ COAL LTD.SUBSIDIARY
174MMTC LTD.HOLDING
175MNH SHAKTI LTD.SUBSIDIARY
176MOIL LTD.HOLDING
177MSTC LTD.HOLDING
178MUMBAI RAILWAY VIKAS CORP.LTD.HOLDING
179NAGALAND PULP & PAPER CO.LTD.SUBSIDIARY
180NATIONAL ALUMINIUM CO.LTD.HOLDING
181NATIONAL BACKWARD CLASSES FINANCE & DEVELOPMENT CORP.HOLDING
182NATIONAL BUILDINGS CONSTRUCTION CORP.LTD.HOLDING
183NATIONAL FERTILIZERS LTD.HOLDING
184NATIONAL FILM DEVELOPMENT CORP.LTD.HOLDING
185NATIONAL HANDICAPPED FINANCE & DEVELOPMENT CORP.HOLDING
186NATIONAL HANDLOOM DEVELOPMENT CORP.LTD.HOLDING
187NATIONAL INFORMATICS CENTRE SERVICES INC.HOLDING
188NATIONAL JUTE MANUFACTURERS CORP.LTD.HOLDING
189NATIONAL MINORITIES DEVELOPMENT & FINANCE CORP.HOLDING
190NATIONAL PROJECTS CONSTRUCTION CORP.LTD.HOLDING
191NATIONAL RESEARCH DEVELOPMENT CORP.HOLDING
192NATIONAL SAFAI KARAMCHARIS FINANCE & DEVELOPMENT CORP.HOLDING
193NATIONAL SCHEDULED CASTES FINANCE & DEVELOPMENT CORP.HOLDING
194NATIONAL SCHEDULED TRIBES FINANCE & DEVELOPMENT CORP.HOLDING
195NATIONAL SEEDS CORP.LTD.HOLDING
196NATIONAL SMALL INDUSTRIES CORP.LTD.,THEHOLDING
197NATIONAL TEXTILE CORP.LTD.HOLDING
198NEPA LTD.HOLDING
199NEYVELI LIGNITE CORP.LTD.HOLDING
200NEYVELI UTTAR PRADESH POWER LTD.SUBSIDIARY
201NHDC LTD.SUBSIDIARY
202NHPC LTD.HOLDING
203NLC TAMIL NADU POWER LTD.SUBSIDIARY
204NMDC LTD.HOLDING
205NMDC POWER LTD.SUBSIDIARY
206NMDC-CMDC LTD.HOLDING
207NORTH EASTERN ELECTRIC POWER CORP.LTD.HOLDING
208NORTH EASTERN HANDICRAFTS & HANDLOOM DEVELOPMENT CORP.LTD.HOLDING
209NORTH EASTERN REGIONAL AGRICULTURAL MARKETING CORP.LTD.HOLDING
210NORTHERN COALFIELDS LTD.SUBSIDIARY
211NPCIL – INDIAN OIL NUCLEAR ENERGY CORPORATION LTD.SUBSIDIARY
212NPCIL – NALCO POWER COMPANY LTD.SUBSIDIARY
213NTPC ELECTRIC SUPPLY CO.LTD.SUBSIDIARY
214NTPC LTD.HOLDING
215NTPC VIDYUT VYAPAR NIGAM LTD.SUBSIDIARY
216NUCLEAR POWER CORP.OF INDIA LTD.HOLDING
217NUMALIGARH REFINERY LTD.SUBSIDIARY
218ODISHA INFRAPOWER LTD.SUBSIDIARY
219OIL & NATURAL GAS CORP.LTD.HOLDING
220OIL INDIA INTERNATIONAL LTD.SUBSIDIARY
221OIL INDIA LTD.HOLDING
222ONGC VIDESH LTD.SUBSIDIARY
223ORISSA DRUGS & CHEMICALS LTD.SUBSIDIARY
224ORISSA INTEGRATED POWER LTD.SUBSIDIARY
225ORISSA MINERAL DEVELOPMENT CO.LTD.SUBSIDIARY
226PAWAN HANS LTD.HOLDING
227PEC LTD.HOLDING
228PFC CAPITAL ADVISORY SERVICE LTD.SUBSIDIARY
229PFC CONSULTING LTD.SUBSIDIARY
230PFC GREEN ENERGY LTD.SUBSIDIARY
231PONDICHERRY ASHOK HOTEL CORP.LTD.SUBSIDIARY
232POWER EQUITY CAPITAL ADVISORS PVT.LTD.SUBSIDIARY
233POWER FINANCE CORP.LTD.HOLDING
234POWER GRID CORP.OF INDIA LTD.HOLDING
235POWER GRID NM TRANSMISSION LTD.SUBSIDIARY
236POWER GRID VEMAGIRI TRANSMISSION LTD.SUBSIDIARY
237POWER SYSTEM OPERATION CORP.LTD.SUBSIDIARY
238PRIZE PETROLEUM CO.LTD.SUBSIDIARY
239PROJECTS & DEVELOPMENT INDIA LTD.HOLDING
240PUNJAB ASHOK HOTEL CO.LTD.SUBSIDIARY
241PUNJAB LOGISTIC INFRASTRUCTURE LTD.SUBSIDIARY
242RAIL VIKAS NIGAM LTD.HOLDING
243RAILTEL CORP.OF INDIA LTD.HOLDING
244RAILWAY ENERGY MANAGEMENT COMPANY LTD.SUBSIDIARY
245RAJASTHAN DRUGS & PHARMACEUTICALS LTD.HOLDING
246RAJASTHAN ELECTRONICS & INSTRUMENTS LTD.HOLDING
247RANCHI ASHOK BIHAR HOTEL CORP.LTD.SUBSIDIARY
248RASHTRIYA CHEMICALS & FERTILIZERS LTD.HOLDING
249RASHTRIYA ISPAT NIGAM LTD.HOLDING
250REC POWER DISTRIBUTION CO.LTD.SUBSIDIARY
251REC TRANSMISSION PROJECTS CO.LTD.SUBSIDIARY
252RICHARDSON & CRUDDAS (1972) LTD.HOLDING
253RITES INFRASTRUCTURE SERVICES LTD.HOLDING
254RITES LTD.HOLDING
255RURAL ELECTRIFICATION CORP.LTD.HOLDING
256SAIL JAGADISHPUR POWER PLANT LTD.SUBSIDIARY
257SAIL REFRACTORY CO.LTD.SUBSIDIARY
258SAIL REFRACTORY CO.LTD.HOLDING
259SAIL SINDRI PROJECTS LTD.SUBSIDIARY
260SAKHIGOPAL INTEGRATED POWER CO.LTD.SUBSIDIARY
261SAMBHAR SALTS LTD.SUBSIDIARY
262SCOOTERS INDIA LTD.HOLDING
263SECURITY PRINTING & MINTING CORP.INDIA LTD.HOLDING
264SETHUSAMUDRAM CORP.LTD.HOLDING
265SHIPPING CORP.OF INDIA LTD.,THEHOLDING
266SIDCUL CONCOR INFRA CO.LTD.SUBSIDIARY
267SJVN LTD.HOLDING
268SJVN THERMAL PVT. LTD.HOLDING
269SOLAR ENERGY CORPORATION OF INDIAHOLDING
270SOUTH EASTERN COALFIELDS LTD.SUBSIDIARY
271STATE TRADING CORP.OF INDIA LTD.,THEHOLDING
272STCL LTD.SUBSIDIARY
273STEEL AUTHORITY OF INDIA LTD.HOLDING
274TAMIL NADU TRADE PROMOTION ORGANIZATIONSUBSIDIARY
275TANDA TRANSMISSION COMPANY LTD.SUBSIDIARY
276TATIYA ANDHRA MEGA POWER LTD.SUBSIDIARY
277TCIL BINA TOLL ROAD LTD.SUBSIDIARY
278TCIL LAKHNADONE TOLL ROAD LTD.SUBSIDIARY
279TELECOMMUNICATIONS CONSULTANTS INDIA LTD.HOLDING
280THDC INDIA LTD.HOLDING
281TRIVENI STRUCTURALS LTD.HOLDING
282TUNGABHADRA STEEL PRODUCTS LTD.HOLDING
283TYRE CORP.OF INDIA LTD.HOLDING
284UNCHAHAR TRANSMISSION LTD.SUBSIDIARY
285URANIUM CORP.OF INDIA LTD.HOLDING
286UTKAL ASHOK HOTEL CORP.LTD.SUBSIDIARY
287VIGNYAN INDUSTRIES LTD.SUBSIDIARY
288VIZAG TRANSMISSION LTD.SUBSIDIARY
289WAPCOS LTD.HOLDING
290WESTERN COALFIELDS LTD.SUBSIDIARY

Source: Department of Public Enterprises

* Previously known as Vaishali Power Generating Co.Ltd.

Master list of Public Sector Banks

Public Sector Banks or PSBs are those banks where the direct holding of the Central/State Government or other PSBs is 51% or more.

  1. ALLAHABAD BANK
  2. ALLBANK FINANCE LTD.
  3. ANDHRA BANK
  4. BANK OF BARODA
  5. BANK OF INDIA
  6. BANK OF MAHARASHTRA
  7. CANARA BANK
  8. CENTRAL BANK OF INDIA
  9. CORPORATION BANK
  10. DENA BANK
  11. EXPORT-IMPORT BANK OF INDIA
  12. IDBI BANK LTD.
  13. IND BANK HOUSING LTD.
  14. INDBANK MERCHANT BANKING SERVICES LTD.
  15. INDIAN BANK
  16. INDIAN OVERSEAS BANK
  17. JAMMU & KASHMIR BANK LTD.,THE
  18. NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT
  19. NATIONAL HOUSING BANK
  20. ORIENTAL BANK OF COMMERCE
  21. PNB GILTS LTD.
  22. PUNJAB & SIND BANK
  23. PUNJAB NATIONAL BANK
  24. SBI CAPITAL MARKETS LTD.
  25. STATE BANK OF BIKANER & JAIPUR
  26. STATE BANK OF HYDERABAD
  27. STATE BANK OF INDIA
  28. STATE BANK OF MYSORE
  29. STATE BANK OF PATIALA
  30. STATE BANK OF TRAVANCORE
  31. SYNDICATE BANK
  32. UCO BANK
  33. UNION BANK OF INDIA
  34. UNITED BANK OF INDIA
  35. VIJAYA BANK

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