As referred by Jawaharlal Nehru, then Prime Minister of India, towards the Public Sector Units in India, that “The Public Sector Units are not less than the temples of Modern India.” Referring to that, there are many PSU’s who have lived up to this expectation.
We certainly got figures to prove their contribution at the same time there are few more PSU’s who have turned into white elephants by now due to lack of efficiency. Let us have a look at the Top 10 profit making PSU’s in India where by a nice career scope can be developed.
Listing the Top 10 profit making PSU’s in India is;
Oil & Natural Gas Corporation is not new to anyone. With the Corporation amassing as much as net profit of Rs.22,455.93 crore (Rs 224.55 billion) & earns an annual revenue of Rs.1,24,556.42 crore (Rs 1.24 trillion) Thus candidates having a background in Engineering, Geosciences as well as Support & Administration can give it a try. The major scope for it lies in Kalol, Gujarat.
2. Coal India
India is said to have blessed with huge deposits of coal in various parts of the country. The northern region & the outskirts there in have huge mines of coals. With the net profit of Rs. 10,867.35 crore (Rs 108.67 billion) & an annual income of Rs.55,148.31 crore (Rs 551.48 billion) Mining/Electrical/Mechanical Engineers/Geophysics Materials Management candidates can try for this industry.
3. State Bank of India
State Bank of India is a prime bank of India also known as the people’s bank. To confirm it we can state the net profit of Rs.10,684.95 crore (Rs 106.84 billion) plus the annual revenue of Rs.1,47,843.92 crore (Rs 1.47 trillion) Candidates are hired for the post of clerical cadre, probationary officers, specialist officers etc..
Having a National Thermal Power Corporation in a country like India is a blessing in disguise with its net profit of Rs.9,353.40 crore (Rs 93.53 billion) & a revenue of Rs.60,008.18 crore (Rs 600.08 billion) On an average candidates are hired for NTPC on the basis of the GATE examination scores.
5. Indian Oil Corporation
Indian Oil Corporation (IOC) is an age old Corporation as far as the fuel era is considered in India. It is capable enough to generate a net profit of Rs. 7,830.72 crore (Rs 78.30 billion) as well as an annual income of Rs.3,13,627.88 crore (Rs 3.13 trillion) Candidates having a minimum score of 65% marks in engineering exams may apply for this.
The National Mineral Development Corporation is a state control mineral producer of the Government of India. It has set a target to achieve a net profit of Rs. 6,499.22 crore (Rs 64.99 billion) & annual income of Rs.Rs 12,574.64 crore (Rs 125.74 billion) Candidates having amass knowledge on Welding, Auto Electrical, Machinist, Fitter, Motor Mechanic & Turner can surely apply.
Bharat Heavy Electrical Limited is a Government property who is power point equipment manufacturer & operates as an Engineering & Manufacturing Company in New Delhi. Its records of net profit & annual income are Rs.6,033.36 crore (Rs 60.33 billion) & Rs 43,434.62 crore (Rs 434.34 billion) respectively.
Steel Authority of India has been authorized to produce maximum amount of steel in India. They are believed to have five integrated steel plants, three special plants, and one subsidiary in different parts of the country & making huge net profits of Rs.4,937.73 crore (Rs 49.37 billion) as well as annual income of Rs.43,556.87 crore (Rs 435.56 billion)
9. GAIL India
GAIL is known to be the largest state owned natural gas processing as well as distribution Company in India. Its Net profit is reportedly Rs 4,020.97 crore (Rs 40.20 billion) where as annual revenue of Rs 35,664.08 crore (Rs 356.64 billion)
10. Power Finance Corporation
Power Finance Corporation is a financial institution & believed to be the financial backbone of Indian Power Sector. Its Net profit is Rs 2,647.12 crore (Rs 26.47 billion) Net profit is Rs.10,214.10 crore (Rs 102.14 billion)
Readers please note that the figures provided above are the approximate figures & are prone to changes as per the statistical data is concerned. Please share some your inputs with us 🙂