Public Sector Undertakings (PSUs)

Public Sector Undertakings (PSUs) are companies where the government owns a significant share, usually more than 51%, enabling it to have control over operations. These organizations operate in various sectors like energy, transportation, and manufacturing, serving national interests and public welfare. PSUs aim to balance commercial profitability with social responsibilities, often providing essential services or infrastructure that private companies may not prioritize. They function as government arms in business, helping stimulate economic growth, create jobs, and ensure equitable development across regions. Examples include companies like Indian Railways and Oil and Natural Gas Corporation (ONGC).