Public Sector Undertaking

A Public Sector Undertaking (PSU) is a government-owned corporation or company established to carry out commercial activities on behalf of the government. It operates in various industries such as energy, transportation, manufacturing, and services, aiming to promote economic growth, employment, and public welfare. PSUs often have a significant role in strategic sectors and can be fully or partially owned by the government. They function like regular businesses but with the broader goal of serving national interests, balancing commercial performance with social responsibilities.