Public Sector Undertaking (PSU)

A Public Sector Undertaking (PSU) is a government-owned corporation or company that operates in various industries like manufacturing, services, or infrastructure. It is established to provide essential goods and services, generate employment, and promote economic growth while balancing profit motives with public interest. PSUs are typically financed and managed by the government but often have operational independence. Examples include major industries like oil, steel, and telecommunications. They play a vital role in national development, ensuring strategic sectors are managed efficiently and aligned with government policies.