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PSUs 2020 Eligibility

PSU companies are divided into three categories:

Maharatna

Navratna

Miniratna CPSEs

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Category-I

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Category-II

Maharatna Status: In 2009, the government established the Maharatna status, which 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; the Navaratna companies could invest up to Rs. 1,000 Crore without explicit government approval. Criteria to be a Maharatna: The six criteria for eligibility as Maharatna are:

1. Having Navratna status. 2. Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations. 3. An average annual turnover of more than Rs. 20,000 Crore during the last 3 years. Earlier it was Rs. 25,000 Crore. 4. An average annual net worth of more than Rs. 10,000 Crore during the last 3 years. Earlier it was Rs. 15,000 Crore. 5. An average annual net profit after tax of more than Rs. 2500 Crore during the last 3 years. Earlier it was Rs. 500 Crore. 6. Should have significant global presence/international operations.

List of Maharatna:

1. Coal India Limited 2. Indian Oil Corporation Limited 3. NTPC Limited 4. Oil and Natural Gas Corporation Limited 5. Steel Authority of India Limited

Navratna Status: Navratna was the title given originally to nine Public Sector Enterprises, identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navratna status has been raised to 16. The government is likely to accord the coveted status to Engineers India Limited, which is under consideration. List of Navratna:

1. Bharat Heavy Electricals Limited 2. Bharat Electronics Limited 3. Bharat Petroleum Corporation Limited 4. Hindustan Aeronautics Limited 5. Hindustan Petroleum Corporation Limited 6. Mahanagar Telephone Nigam Limited 7. National Aluminium Company Limited 8. National Mineral Development Corporation Limited 9. Neyveli Lignite Corporation Limited 10. Oil India Limited 11. Power Finance Corporation Limited 12. Power Grid Corporation of India Limited 13. Rashtriya Ispat Nigam Limited 14. Rural Electrification Corporation Limited 15. Shipping Corporation of India Limited 16. Gas Authority of India Limited

Miniratna Status: 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 awarded Miniratna status. However, at present, there are 68 government enterprises that were awarded Miniratna status.

How To Prepare For PSUs 2020

PSU’s Entrance Exam Question Paper mainly consist of two major sections:

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Technical Section: Subject specialization of related stream.

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Non-Technical Section: General Awareness, Current Affairs, English Language, Reasoning & Aptitude. Hence to crack PSU competitive exam, candidate should prepare for both technical and non-technical sections, where 50% to 70% questions are from technical and remaining questions from non-technical sections. • Be aware of exam pattern of different PSU’s like number of technical questions, number of non-technical questions, negative marking, exam duration, marks per question etc.

Be aware of exam pattern of different PSU’s like number of technical questions, number of non-technical questions, negative marking, exam duration, marks per question etc.

Always make it a habit of referring to previous year question papers.

Group Discussion Round: Group Discussion is a crucial round conducted for shortlisted candidates. Good communication skills, topic knowledge, team spirit, leadership qualities, patience level are the major parameters to be considered.

Personal Interview: Sound technical knowledge, positive attitude, body language, good communication skills play an important role to clear personal interviews.