PSU Govt Exam: Salary, Eligibility Criteria For India’s Top PSUs

PSU Govt Exam: Public Sector Undertaking (PSU) represents the group of companies in which the majority of the shares (51% or more) are owned by the central or state govt. PSUs in India are of 3 types namely Maharatna, Navratna and Miniratna (category I & II). A career in PSUs (public sector undertakings) holds an attraction to youth because of the prestige and various perks of these jobs like good salary increments and numerous perks. Let’s know about the salary, age limit and eligibility criteria for Public Sector Undertaking in more detail.

Maharatna PSUs

Maharatna status is only given to top public sector enterprises where the companies have the authority to make foreign investments of upto Rs 5,000 crores without taking any government approval. The scheme of forming industry and terming them as Maharatna came into effect in the middle of 2010. It was done to ensure that the mega CPSEs can expand their operations and enter into the global market. In order to be qualified 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 crores over past three consecutive years. The list of Maharatna companies has been provided below:

  • Bharat Heavy Electricals Limited
  • Bharat Petroleum Corporation Limited
  • Coal India Limited
  • GAIL (India) Limited
  • Hindustan Petroleum Corporation Limited
  • Indian Oil Corporation Limited
  • NTPC Limited
  • Oil & Natural Gas Corporation Limited
  • Power Grid Corporation of India Limited
  • Steel Authority of India Limited

Navratna PSUs

The status of Navratna is conferred to the companies by the Department of Public Enterprises. In order to become a Navratna, the company must obtain a score of 60 out of 100. The score is based on six parameters. There parameters are

  • Earnings per share( Maximum-10)
  • Gross margin as capital employed (Maximum: 15)
  • Inter-Sectoral Performances (Maximum: 20)
  • Gross profit as Turnover (Maximum: 15)
  • Net Profit to Net Worth (Maximum: 25)
  • Manpower cost to cost of production or services (Maximum: 15)

The Navratna status gives privileges to a company to enhance the financial and operational autonomy and empowers them to invest up to Rs. 1000 crores or 15% of their net worth on a single project without taking government approval. Navratna companies can spend up to 30% of their net worth not exceeding Rs. 1000 crores in a year. They will also have the freedom to enter joint ventures, form alliances and float subsidiaries abroad. The list of Navratna companies has been provided below:

  • Bharat Electronics Limited (BEL)
  • Container Corporation of India (CONCOR)
  • Engineers India Limited (EIL)
  • Hindustan Aeronautics Limited (HAL)
  • Mahanagar Telephone Nigam Limited (MTNL)
  • National Aluminium Company (NALCO)
  • National Buildings Construction Corporation (NBCC)
  • National Mineral Development Corporation (NMDC)
  • NLC India Limited (NLCIL)
  • Oil India Limited (OIL)
  • Power Finance Corporation (PFC)
  • Rashtriya Ispat Nigam Limited (RINL)
  • Rural Electrification Corporation (REC)
  • Shipping Corporation of India (SCI)

Miniratna PSUs

At the end of 1997, the government of India decided to give more delegation and autonomy to some companies that make fewer profits but can be competitive and efficient. These companies were called the Miniratnas and they are divided in 2 categories. The eligibility criteria for both categories is different.

Miniratna  Category 1 Criteria: The CPSEs for this category should have made a profit for the last three years consecutively. The pre-tax profit made by the companies should be more than Rs. 30 crores in any one year of the three years.

Miniratna  Category 2 Criteria: The CPSEs should have a positive net worth and should have made a profit in the last three consecutive years.

  • List of Miniratna Companies
Miniratna Category-1 Miniratna Category-2
Airports Authority of India (AAI) Artificial Limbs Manufacturing Corporation of India
Antrix Corporation Bharat Pumps & Compressors (BPC)
Balmer Lawrie Broadcast Engineering Consultants India
Bharat Coking Coal Limited (BCCL) Central Mine Planning and Design Institute
Bharat Dynamics Limited (BDL) Central Railside Warehouse Company
Bharat Earth Movers Limited (BEML) Engineering Projects (India) Ltd. (EPI)
Bharat Sanchar Nigam Limited (BSNL) FCI Aravali Gypsum and Minerals (India) Limited
Bridge and Roof Ferro Scrap Nigam Limited
Central Warehousing Corporation HMT (International) Ltd.
Central Coalfields Limited Indian Medicines & Pharmaceuticals Corporation Limited
Chennai Petroleum Corporation (CPCL) MECON
Cochin Shipyard (CSL) National Film Development Corporation of India (NFDC)
Cotton Corporation of India Limited (CCIL) PEC Ltd.
Dredging Corporation of India (DCI) Rajasthan Electronics & Instruments Limited
Educational Consultants India (EDCIL) Ministry of new and renewable energy (MNRE) and Solar Energy corporation of India Ltd (SECI)
Kamarajar Port
Garden Reach Shipbuilders & Engineers (GRSE)
Goa Shipyard (GSL)
Hindustan Copper (HCL)
HLL Lifecare
Hindustan Newsprint
Hindustan Paper
Housing and Urban Development Corporation
HSCC
India Tourism Development Corporation (ITDC)
India Trade Promotion Organisation (ITPO)
Indian Rare Earths (IREL)
Indian Railway Catering and Tourism Corporation (IRCTC)
Indian Renewable Energy Development Agency
Ircon International
Kudremukh Iron Ore Company
Mazagon Dock Limited
Mahanadi Coalfields (MCL)
MOIL
Mangalore Refinery and Petrochemicals Limited (MRPL)
Mishra Dhatu Nigam
MMTC Ltd.
MSTC Limited
National Fertilizers (NFL)
National Small Industries Corporation Limited
National Seeds Corporation
NHPC Ltd.
Northern Coalfields (NCL)
North Eastern Electric Power Corporation Limited (NEEPCL)
Numaligarh Refinery
ONGC Videsh
Pawan Hans
Projects and Development India Limited (PDIL)
RailTel Corporation of India
Rail Vikas Nigam Limited
Rashtriya Chemicals & Fertilizers (RCF)
RITES
Ramagundam Fertilizers and Chemicals Ltd.
SJVN Ltd.
Security Printing and Minting Corporation of India
South Eastern Coalfields (SECL)
State Trading Corporation of India
Telecommunications Consultants India (TCIL)
THDC Ltd.
Western Coalfields (WCL)
Water and Power Consultancy Services
Projects & Development India Ltd
Mineral Exploration Corporation Limited

 PSU Govt. Exam: Age limit

In order to eligible for the PSU Govt. exam candidate must fall under the allowed age limit depending upon the category to which they belong. The age limit criteria vary from company to company. The age limit for some of the most valuable PSUs have been listed below.

Organization Age Criteria
PSU Name 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 33 years-General 36 years-OBC 38 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
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
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

PSU Govt. Exam: Percentage criteria

In order to be eligible for the PSU recruitment candidates must score good marks. In most of the PSUs candidates are required to score Minimum 60% marks from a govt recognised college/university. Category wise percentage marks required for a few PSUs have been listed below.

Organization Streams Applicable Percentage
Bridge & Roof co. (I) Ltd EE, ME, CE GEN OBC SC/ST PH
BHEL EC, EE, ME, MT 65 65 60 60
ONGC ECE, EE, ME, CE, CS, IN, CH, 65 65 60 60
NTPC EC, EE, ME, EC, CS, IN 65 65 55 55
SAIL EC ,EE,ME,CS, IN, CH, Metallurgy, Ceramics 65 65 50 50
IOCL EC, EE, ME, CE, CS, IN 65 65 55 55
ISRO EC, EE, ME, CS 65 65 65 65
PGCIL EC, EE, CE, CS 65 65 pass pass
PGCIL EC, EE, ME, Industrial, Production CS, IN , EE, ME, CS, IT, C&I, 65 60 60 60
NALCO EE, ME, CS, IT, C&I, Civil, Chemical, Metallurgy, Mining, 65 65 55 55
GAIL EC, EE, ME, CS, IN, CH 65 65 60 60
DRDO EC, ME, EE, CS, CH 60 60 55 55
DMRC EC, EE, ME, CE 60 60 55 55
BPCL ME, CS, IN 60 60 55 55
MTNL EC, EE, CS, IT 60 60 55 55
HPCL EC, EE, ME, CE, IN, CH 60 60 50 50
BEL EC, EE, ME, CE, CS, CH, Telecommunication 60 60 pass pass
Indian Railways EC, EE, ME, CE, CS or M.sc in Chemistry or Applied Chemistry, Metallurgy, CH 60 60 55 55
ECIL EC, EE, ME, CE, CS, E&I 60 60 50 50
VIZAG STEEL EC, EE, ME, CE, CH, IN, Ceramics, 60 60 50 50
NHPC EE, ME, CE 60 60 50 50
SJVNL EC, EE, ME, Civil, IT 55 50 50 50

PSU Govt. Exam: Salary Structure

One of the main reasons why people are eager to join PSUs is because it offers attractive salary packages. The salary structure for some of India’s biggest PSUs has been mentioned below.

Organization Status Salary Structure
Oil & Natural Gas Corporation Limited (ONGC) Maharatna Rs. 60,000-1,80,000
Indian Oil Corporation Limited (IOCL) Maharatna Rs. 60,000-1,80,000
National Thermal Power Corporation Limited (NTPC) Maharatna Rs. 60,000-1,80,000
Coal India Limited (CIL) Maharatna Rs. 60,000-1,80,000
Steel Authority of India (SAIL) Maharatna Rs. 60,000-1,80,000
Bharat Petroleum Corporation Limited (BPCL) Maharatna Rs. 60,000-1,80,000
Gas Authority of India Limited (GAIL) Maharatna Rs. 60,000-1,80,000
Neyveli Lignite Corporation Limited(NLC) Navratna Rs.20600-3%-46500
Hindustan Petroleum Corporation Limited (HPCL) Navratna Rs. 60,000-1,80,000
Oil India Limited (OIL) Navratna Rs. 60,000-1,80,000
Power Grid Corporation of India Limited (PGCIL) Navratna Rs. 60,000-1,80,000
Hindustan Aeronautics Limited (HAL) Navratna Rs.16,400-Rs. 40,500
National Mineral Development Corporation Limited (NMDC) Navratna Rs. 40000-3%-140000
Power Finance Corporation Limited Navratna Rs. 40,000-3%-1,40,000
National Aluminum Company Limited (NALCO) Navratna Rs. 60,000-1,80,000
Mazagaon Docks Limited (MDL) Mini-Ratna Rs. 40,000-1,40,000
Airport Authority Of India Limited (AAI) Mini-Ratna Manager:Rs.60,000-1,80,000
Junior Executive:
Rs. 40,000-1,40,000
Nuclear Power Corporation of India Limited (NPCIL) Mini-Ratna Level 10 of the Pay Matrix
– 7th CPC (Rs.56,100/-)
Mineral Exploration Corporation Limited Mini-Ratna Rs. 60,000-1,80,000

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