- Started By
- So You Become
- Started By
- So You Become
A Government-owned corporation is termed as a Public Sector Undertaking (PSU). This term is used to refer to companies in which the government (either the federal Union Government or the many state or territorial governments, or both) own a majority (51 percent or more) of the company equity. There are in all 251 PSU companies in India as on 2012. PSU’s are created by the Government of India to undertake commercial activities on behalf of Government of India. Several Public Sector Undertakings (PSUs) under the aegis of Government of India regularly provide tremendous employment opportunities in various technical and management areas.
The Government of India established the Maharatna Companies in 2009. This Status raises a company’s investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project. On the other hand, the Navratna companies could invest up to Rs 1,000 crore without explicit government approval
Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of Indiain 1997 as “public sector companies that have comparative advantages”, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”. The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil India Limited.
To be qualified as a Navratna, the company must obtain a score of 60 out of 100. The score is based on six parameters which include net profit to net worth, total manpower cost to total cost of production or cost of services, PBDIT (Profit before depreciation, interest and taxes) to capital employed, PBDIT to turnover, EPS (Earning per Share) and Inter-Sectoral performance. Additionally, a company must first be a Mini-Ratna and have four independent directors on its board before it can be made a Navratna. The Navratna status gives privileges to enhance financial and operational autonomy and empowers to invest up to Rs. 1000 crores or 15% of their net worth on a single project without seeking government approval. In a year, these companies can spend up to 30% of their net worth not exceeding Rs. 1000 crores. They will also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad.
In addition, the government created another category called Miniratna. Miniratnas can also enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. In 2002, there were 61 government enterprises that were awarded Miniratna status. However, at present, there are 67 government enterprises that were awarded Miniratna status.
This designation applies to PSEs that have made profits continuously for the last three years or earned a net profit of Rs. 30 crore or more in one of the three years. These miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs. 500 crore or equal to their net worth, whichever is lower.
The Eligibility criteria for PSUs vary from company to company. List of companies with their Eligibility criteria for Management trainee / Engineer / Engineering Graduates / Executive Trainees.
|HAL (Hindustan Aeronautics Limited )||Graduate in Mechanical/ Electronics/ Electrical/ Production/Computer Science/ Metallurgy/ Aeronautic Branches of Engineering from any recognized Institution/University. General/ OBC candidates should have secured 65% marks and SC/ST candidates should have secured a minimum of 55% Marks. in the aggregate (average of marks scored for all the Semesters/ Years) Or corresponding CGPA Ratings / Gradations in their Engineering Degree Examinations. Engineering Graduates in the Aeronautical Branch with minimum aggregate 60% marks (for General/OBC) and 50% for SC/ST would be eligible to apply. Applications should be submitted strictly ‘ONLINE’ by logging to HAL Website after recruitment notification|
|NTPC||Students belonging to SC/ST/Physically Challenged categories (Visually Handicapped / Hearing Handicapped / Orthopaedically Handicapped ) and pursuing full time degree course in Engineering in the disciplines of Electrical, Instrumentation, Mechanical, Computer Science, Electronics / Telecommunication from a college / university institute recognized by the Govt.Of India and should be in the Third Year are eligible to apply for the exam.|
|HPCL Recruitment of Officer Trainees- Engineering Disciplines||Full time Graduates in Engineering / Technology in Civil, Chemical, Electrical, Instrumentation, Mechanical and Electronics & Telecommunications Discipline from a recognised Indian University / Institute. Max Age Limit.SC/ST: 30 years (as on 16th Jan, 2009), after allowing age relaxation as per Govt. Directives. OBC: 28 years (as on 16th Jan, 2009) , after allowing age relaxation as per Govt. Directives SC/ST candidates scoring minimum 50% (in aggregate) and OBC Candidates scoring minimum 60% (in aggregate) in the qualifying examination are eligible to apply. Those candidates who will be appearing for their Final Year Examination by July, 2009 can also apply. SC/ST candidates scoring minimum 50% (in aggregate) and OBC Candidates scoring minimum 60% (in aggregate) till the last semester (as of 16th Jan’09) are eligible to apply. However, their eligibility for the selection will be subject to their obtaining minimum 60 % (For SC/ST-minimum 50 %) in aggregate in qualifying degree. Written Test/ Interview: Candidates fulfilling all of the above criteria will be eligible for appearing for Written Test (objective type consisting of two parts – General Aptitude and Academic Knowledge). The candidates will be called for the Personal Interview as per the policy of the Corporation.|
|Bhel (Bharat Heavy Electricals Limited)||Full time Bachelor’s Degree in relevant discipline (Mechanical / Electrical / Electrical & Electronics) from a recognized Institute, with minimum 60% marks in aggregate. Age: Upper Age Limit (as on 01.01.2010): 30 years|