India’s Top PSUs 2017

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India’s Top PSUs 2017

10th Edition
ISBN 978-93-86214-17-1
Contents
Preface................................................................................................................... I

Foreword............................................................................................................. III

Executive Summary..............................................................................................V

Methodology......................................................................................................VII

Definitions & Calculations...................................................................................IX

PSU Overview.................................................................................................... XIII

Complete List of Central PSUs and State PSUs.......................................... L1 - L37

List of Maharatnas, Miniratnas & Navratnas.................................................... L39

Listings of Profiled Central PSUs.............................................................. L41 - L47

Profiles of Top PSUs of India..........................................................................1 - 76

Abbreviations.............................................................................................. 79 - 95

Index.......................................................................................................... 97 - 101
 Preface
Dun & Bradstreet India is proud to announce the 2017 edition of its premier
publication ‘India’s Top PSUs’. The issue, which made its debut in 2008, is
an insightful compendium of India’s leading public sector units (PSUs). The
publication provides valuable insights on their business operations and financial
performance.

The publication ‘India’s Top PSUs 2017’ continues with the customary approach
of profiling central public sector units (CPSUs) and also listing of the State PSUs.
The ‘Overview’ section is based primarily on in-depth analysis of the aggregate
financial performance of all the CPSUs as well as of those featured in the
publication.

Indian PSUs have been playing an important role in the economic development
of the country during both pre as well as post-independence period. Initially
established with the aim of achieving socio-economic development, these enterprises went on to become the
pillars of the economy, establishing their footprints across diverse sectors. PSUs are the catalysts of growth,
contributing significantly towards national product and revenue, generating large scale employment and
emerging as assets of national importance. Their multiplier effect on the economy can be estimated by their
gross turnover, which has increased from ` 14,733.2 bn in FY11 to ` 18,546 billion in FY16 growing at a CAGR
of 4.4%. They are also the drivers of socio-economic growth and balance in the country. In FY16, central public
sector units (CPSUs) employed over 1.2 mn people.

The government’s focus on policy certainty, predictability, and continuity is giving a strong boost to business
confidence in the country. The implementation of the GST Bill and the insolvency and Bankruptcy Code
reflects the Government’s firm intent on reviving the investment climate and improving ease of doing business
scenario in India. The ‘Make in India’ programme, various financial inclusion initiatives, improvement in ease
of doing business, implementation of critical reforms in the areas of land, labour and taxation, focus on skill
development and macro-economic stability are expected to be key factors that would provide a strong fillip
to the growth of PSUs going forward. PSUs have always played a leading role in ensuring the availability of
finance, energy production, the supply of sensitive goods & services, providing employment and contributing
to the public exchequer. It is a known fact that if India has to get back onto a path of double-digit growth, PSUs
will have to play a major role in this acceleration.

Thus, PSUs will continue to play a vital role in the socio economic development of the country. India’s Top
PSUs 2017 is an endeavour to capture the essence of growth and performance of the public sector in India
and provide the leading players the unique advantage of Dun & Bradstreet’s global footprint in disseminating
vital and useful information about them to a wider audience.

We are confident that this publication will serve as an authoritative and useful ready reference tool for
business leaders globally. I hope you enjoy reading this issue of ‘India’s Top PSUs 2017’ and look forward to
your comments and suggestions.

Manish Sinha
Managing Director – India
Dun & Bradstreet

I
 Foreword
Dun & Bradstreet is pleased to announce the release of the tenth edition of its
premier publication, ‘India’s Top PSUs 2017’. The publication has consistently
served as compendium on the financial performance of Indian public sector
undertakings (PSUs). Dun & Bradstreet’s global footprint and market reach will
ensure that the publication receives international exposure as a premier resource
on the Indian public sector undertakings.

The year 2016 was a difficult year for the global economy. And as highlighted in
the recently released report by World Bank, the 2017 outlook continues to face
headwinds from political uncertainties in number of countries. These include
the policy direction of the new US administration, the outcome of the Brexit
negotiations and elections in a number of major European countries. Positively,
the threat of deflation is abating as inflation picks up towards central bank targets
in many advanced countries, including the US and Europe.

Against this backdrop, the Indian economy has continued to exhibit growth prospects on the back of strong
economic fundamentals. Over the past few years, the Indian economy has undergone a paradigm shift and
India has successfully positioned itself as the most dynamics emerging economy and is expected to remain the
fastest growing on the back of robust private consumption, strong domestic demand, and significant domestic
reforms which are gradually being implemented by the government. The World Bank has projected the Indian
economy to grow by 7.2% in FY17 and 7.5% in FY18.

The Indian public sector undertakings (PSUs) have significantly contributed to the country’s economic
resurgence. Since the economic liberalisation in 1990-91, they have exhibited resilience against the global
economic slowdown and have been major contributors to India’s growth. However, challenges related to
productivity and efficiency pose major barriers to their growth. Faced with stringent regulations, technological
obsolescence, and unavailability of suitably skilled manpower, PSUs need to constantly fine tune their business
and growth strategies with increasing focus on efficiencies and quality of services.

In an increasingly technology driven environment, these companies need to adopt technology solutions
that not only enable them to align their organisation’s business needs but also help them achieve growth
and efficiencies. To achieve competitive advantage, PSUs need to leverage emerging technologies and best
practices. They also need to adopt innovative ways of analysing data and tracking business performance, in
order to take their enterprises to the next level of growth.

Dun & Bradstreet believes that PSUs with their extensive pan-India presence support the government in the
implementation of their programs and initiatives. Without the support of PSUs, achieving the targeted growth
would be a herculean task. PSUs play a vital part in developing the support system that India requires to
achieve the targeted growth and development. Therefore, monitoring the performance of PSUs becomes
significant along with highlighting their journey.

‘India’s Top PSUs 2017’ will be a valuable source of insight on the Indian PSUs. Dun & Bradstreet’s footprint
and global reach will ensure that this publication will stand as an effective platform to reach out to potential
partners on a global scale.

We hope you will enjoy reading this publication. We look forward to receive your feedback and suggestions.

Preeta Misra
Director – Learning & Economic Insights Group
Dun & Bradstreet India
III
IV
 Executive Summary
Public Sector Undertakings (PSUs) are playing a key role in the Indian economy and are
enabling the nation to achieve inclusive socio economic development. Over the years,
PSUs have managed to establish their footprints across multiple critical sectors such
as coal, oil & gas, petroleum, power etc. The significance of their contribution to the
economy can be gauged from the fact that Central Public Sector Enterprises employed
around 1.2 mn people in FY16. The publication, ‘India’s Top PSUs 2017’ captures the
financial performance of top Central PSUs during FY16.

The 2017 edition of the publication profiles 170 Central PSUs which include 131 companies
from the non-financial segment, 21 public sector banks, 8 insurance companies and 10
companies from the FIs/NBFCs segment.

Some of the key financial performance highlights of the featured PSUs during FY16 are:-
• The aggregate total income of the 170 profiled CPSEs stood at around ` 31 trillion in FY16; showing a decline of
nearly 2% as compared to FY15
• In terms of share in aggregate total income, the oil – refining & marketing sector was the largest contributor with a
share of 30% in the aggregate total income of the profiled PSUs; followed by the banking sector with a 23% share
• The aggregate net profit of the 170 profiled CPSEs stood at nearly ` 946.6 billion, showing a decline of nearly 32% as
compared to FY15
• The aggregate net profit of the oil – refining & marketing recorded nearly 84% growth in FY16 compared to the
previous year
• Maharatnas, which account for nearly 40% of the aggregate total income of CPSEs, recorded a 13% decline in their
total income in FY16.

The public sector enterprises went through challenging times in FY16. However, we are currently witnessing strong
measures by the government, mostly in the areas of divestment, for strengthening the PSU sector. The role of PSUs is
expected to be accentuated in building a New India and we are confident that PSUs will continue to strongly support the
Indian economy and become more globally competitive through various measures of product diversification, digitalization
and technical collaborations among others. Dun & Bradstreet will continue to track the performance of Central PSUs and
keep the reader updated on various developments through future editions of the ‘India’s Top PSUs’.

Naina R Acharya
Deputy Leader - Operations
Learning & Economic Insights Group
Dun & Bradstreet India

V
 Methodology
The tenth edition of ‘India’s Top PSUs’ publication features 170 public sector undertakings (PSUs). The publication
comprises - central public sector enterprises (CPSEs) which are a part of the Department of Public Enterprises
(DPE) list (operational enterprises as on 31.03.2016); public sector scheduled commercial banks (SCBs) as
defined by the Reserve Bank of India (RBI) on 31.03.2016, excluding regional rural banks (RRBs); public sector
insurance companies as defined by the Insurance Regulatory and Development Authority of India (IRDAI) and
other public sector NBFCs/financial institutions formed by the Act of Indian Parliament. The publication also
includes a listing of state PSUs as collected from the websites of the Ministry of Corporate Affairs and Comptroller
and Auditor General of India and websites of State Governments.

The status of CPSEs (Maharatna, Navratna and Miniratna) is as enumerated by the DPE as on May 2017.
Companies involved only in the business for profit have been included in the publication, while those that
are involved in charity or other social causes have been excluded. Central public sector undertakings which
have ceased to exist due to merger/amalgamation post 31.03.2016 are also excluded. Central public sector
undertakings, for which the government has proposed strategic disinvestment through majority stake sale,
complete stake sale; merger/amalgamation, proposed to be shut down etc. are marked with * in the listings
for reference.

The initial selection of the PSU data was based on compilations from various sources such as the DPE, RBI,
IRDAI, BSE, Dun & Bradstreet’s database and data from various ministries. The shortlisted PSUs were sent a
detailed questionnaire seeking operational and financial information. This publication features PSUs with a
standalone total income equal to or above ` 1 bn during FY16 as a selection criterion. Information contained
in this publication has been procured from authentic and credible sources available in the public domain such
as company annual reports/documents, websites, DPE, and the registrar of companies. Further, companies
that did not respond with critical data and/or whose information is not available in the public domain were not
considered for this study to ensure that all information contained in this publication is verified and authenticated.

All the financial information in the publication is based on standalone financials as per the revised Indian
Accounting Standard or old GAAP adopted by the company and available in the public domain such as from
annual reports or financial statements (audited or provisional) or as disclosed by DPE in its Public Enterprise
Survey 2015-16.

The various financial computations are as per Dun & Bradstreet methodology and have been explained explicitly
in the ‘Definitions and Calculations’ section. Each company featured in the publication has been allotted a unique
identification number (D-U-N-S ® - Data Universal Numbering System). This will help readers locate and obtain
full-fledged information reports on these companies from the Dun & Bradstreet database.

The editorial team is confident that ‘India’s Top PSUs 2017’ will prove useful. Further, we would be pleased to
receive your invaluable feedback and suggestions.

VII
DEFINITIONS &
CALCULATIONS
Definitions & Calculations
This section defines financial terms and ratios used in this publication.
• Total Income - Refers to the total revenue including other income as reported in the company’s stand-
alone financial statements.
• Net Profit - Refers to the profit after tax as reported in the company’s standalone financial statements.
• Net Worth - Is the sum of share capital, equity equivalents and reserves & surplus. Equity equivalents
include share warrants, ESOP etc. Debit balance appearing in the profit and loss account and foreign
exchange translation reserve account, revaluation reserves, miscellaneous expenditure, and intangibles
such as patents, goodwill, trademarks, copyrights, know-how, brands, licenses, rights, computer software
and the likes are deducted from the Net Worth.
• Net depreciation as mentioned in profit & loss account.
• Interest cost net of capitalisation wherever available

Ratios
Particulars
EBITDA
EBIT
EBITDA Margin (%)
Net Profit Margin (NPM) (%)
Return on Net Worth (%)
Dividend Payout (%)
Capital Employed
Return on Capital Employed (%)
Return on Assets
Debt-to-Equity (times)
Shareholder’s Fund
Total Debt
Total Assets
Average Total Assets
Average Net worth
Average Capital Employed
Interest Coverage (times)
Formulae
Profit Before Tax + Interest Expense + Depreciation and Amortisation Expense
EBITDA – Depreciation and Amortisation Expense
(EBITDA/Total Income) * 100
(Net Profit/Total Income)* 100
(Net Profit/Average Net Worth) * 100
Equity Dividend/(Profit Before Tax as per Annual Report- Taxation Expense- Pref-
erence Dividend)*100
Long term debt + Net Worth
(EBIT/Average Capital Employed) * 100
(PAT/Average Total Assets) * 100
(Total Debts) /Shareholder’s Fund
Equity Share Capital + Preference Share Capital+ Reserves and Surplus – Accumu-
lated Losses – Deferred expenses
Short Term Debt + Long Term Debt + Current maturities of Long Term Debt
Non-Current Assets + Current Assets (excluding accumulated losses and deferred
expenses)
(Opening Total Assets + Closing Total Assets)/2
(Opening Net worth + Closing Net worth)/2
(Opening Capital Employed + Closing Capital Employed) / 2
EBIT/Interest Expense

X
The publication also includes terms and indicators specific to the banking sector.

Ratios
Particulars Formulae
Total Business As reported by the bank in its standalone financial statements OR Total Advances + Total
Deposits as provided by the RBI
Total Assets Cash in hand + Balances with RBI + Balances with banks inside/outside India + Money at
call + Investments + Advances + Fixed Assets + Other Assets
Net Interest Margin As reported by the bank in its standalone financial statements
Net Interest Income Total Interest earned – Total Interest expended
Net NPA Ratio As reported by the bank in its standalone financial statements
Return on Assets (ROA) As provided in Company’s Annual Report

The publication also includes terms and indicators specific to the insurance sector
• Net Commission Ratio as given in the Annual Report
• Solvency Ratio as given in the Annual Report
• Retention Ratio as given in the Annual Report
• Net Premium Earned is the sum of total of net premium earned from fire insurance, marine insurance,
miscellaneous insurance and life insurance business

Symbols used
N.A. Not Available
C/R Current Ratio

XI
 We Work towards ….
Strengthening Power Utilities

“We shall be the ‘Total Power Services “We are committed to continuously
Company’ providing end-to-end support supplementing the efforts for Power Utilities
required for power-sector transformation in for their improved operational efficiencies.’’
our country.”
-Dr. P.V. Ramesh, IAS -Sh.TSC Bosh,
Chairman, RECPDCL CEO, RECPDCL

We provide services for:

 Implementation & Consultation for Smart Grid Solutions

 Implementation of Renewable Energy Projects for enhancing Solar Capacity

of the States

 Sustenance of IT and Technology initiatives for power utilities

 PMC & TPI services in IPDS, DDUGJY and other schemes

 Real Time Monitoring through Web and Mobile Application

 AMI/AMR Based billing & Data Analytics Services

 Energy Efficiency Initiatives through Services or ESCO Model

 Management Contracts/Distribution Franchisee

 PSU UPDATE
OVERVIEW OF PSUs IN INDIA
 The role of public sector enterprises (PSEs) in driving the socio-economic
development of India cannot be undermined. Since inception, PSEs have

Overview of PSUs in India

been the backbone of the Indian economy and were set up with the
mandate to:
1. Achieve the broad macroeconomic objectives of higher economic
growth.
2. Achieve self-sufficiency in the production of goods/services.
3. Facilitate maintaining the balance of payments.
4. Ensure stability in prices and create benchmarks for prices of essential
items.
5. Promote balanced regional development.
6. Create employment opportunities.

Since independence, the number of PSEs in India has grown from a mere
five in 1950-51 to 327 in 2015-16, of which 244 are operational. Over these
years, they have managed to establish their footprints across multiple
key sectors such as petroleum, oil & gas, power, engineering etc. They
contribute approximately 18% to the India’s GVA and employ around 1.2
mn people. Further, the 47 listed CPSEs accounted for 12% of BSE’s total
market capitalization as on 31st January 2017. Four of the seven Indian
companies that were a part of Fortune 500 Global companies list of 2016,
were Indian PSEs. To add, the 2017 Forbes Global 2000 list featured 58
Indian companies of which 27 are PSEs.

These numbers speak volumes about Indian PSUs and their achievements
and truly deserved to be called RATNAS of India’s growth story.

Turnover Analysis
Topline performance of the Public Sector Enterprises continue to reel
under the economic pressure

Aggregate Turnover of the CPSEs

25,000.0 21.6 25.0

20.0
20,000.0
15.0

15,000.0
(% Growth)

6.8 6.2 10.0

(` Bn)

5.0
10,000.0

(3.4) -
5,000.0
(7.0)
(5.0)

- (10.0)
FY12 FY13 FY14 FY15 FY16

Source: Department of Public Enterprises – Public Enterprises Survey 2015-16

From FY12 to FY14, the aggregate turnover growth of the PSEs slowed
down from 21.6% in FY12 to 6.2% in FY14. However, the turnover growth

XIV
of the PSEs witnessed degrowth in FY15 and FY16 on back of the unusual volatility in the global environment
with a significant risks of weaker global activity. This period was starkly characterized by the fall in global
commodity prices – from oil to natural gas to minerals, weak economic growth, and volatile financial markets.
At a broader level, though the Indian economy was shielded from these global events due to strong economic
fundamentals, there were few sectors such as steel, heavy engineering, petroleum (refining & marketing),
crude oil, trading and marketing had to bear the brunt of these global economic headwinds. The performance
of the public sector enterprises operating in these sectors was impacted due to these economic developments.
The aggregate turnover of the PSEs degrew by 7% in FY16, from 19,951.8 bn in FY16 to 18,546.7 bn in FY15 as
compared to degrowth of 3.4% in FY15 as compared to FY14.

Despite the decline in revenue growth Petroleum sector continues to account for more than 50% share in
total turnover of PSEs
Group-wise analysis of the turnover of the PSEs indicates that Petroleum (Refining & Marketing) contributed to
more than 50% of the total turnover of the PSEs during FY16. Other top revenue contributing sectors include
trading & marketing and power generation, each accounting for 10.4% and 5.6% share in the total turnover of
the PSEs respectively.

Of the five broad sectors under which the PSEs are classified, PSEs belonging to Electricity (generation &
transmission) and services sector reported y-o-y growth in total turnover in FY16, while agriculture, mining
and manufacturing sector reported y-o-y decline in their revenue growth.

Table 1: Sector-wise turnover of CPSEs

Sectors Turnover FY15 (` bn) Turnover FY16 (` bn) Turnover Growth (%)
Agriculture 10.6 9.3 (11.9)
Mining 2,226.5 2,126.8 (4.5)
Manufacturing 12,865.2 11,409.7 (11.3)
Electricity 1,216.4 1,253.8 3.1
Services 3,633.1 3,746.9 3.1
All CPSEs 19,951.8 18,546.7 (7.0)
Source: Department of Public Enterprises – Public Enterprises Survey 2015-16

Heavy degrowth in the turnover of the PSEs in the manufacturing sector was primarily due to the decline in
top-line performance of the PSEs belonging to steel (-11.8%), petroleum (-12.8%), fertilizers (-2.6%), heavy
engineering (-14.1%), consumer goods (-3.0%) and textiles (-6.3%). Services sector also recorded a subdued
growth mainly due to degrowth of 2.3% in revenue of trading and marketing subsector which alone contributes
to more than 50% to the total revenues of the services sector PSEs. This growth was largely supported by healthy
growth of 21% of PSEs belonging to industrial development and tech. consultancy services.

In line with the top-line performance of the operational CPSEs, the analysis of the 161 profiled CPSEs led to the
finding that the total income of the profiled CPSEs degrew by almost 11% in FY16 as compared to a degrowth
of 1% in FY15, mainly due to significant fall in commodity prices. This degrowth can be attributed mainly to
the degrowth in total income of the manufacturing sector, which accounts for 45% to the total income of the
profiled CPSEs. The total income of 48 CPSEs in the manufacturing sector degrew by 13.3% in FY16 as compared
to degrowth of almost 7% in FY15.

XV
Profit Analysis
Declining input prices boosts up the profitability of the PSEs

Aggregate Net Profit of CPSEs

1,400.0 17.0 20.0

11.6 12.5
1,200.0 15.0

6.6 10.0
1,000.0
5.0
800.0
-
600.0
(5.0)
400.0
(10.0)

200.0 (15.0)
(19.8)
- (20.0)
FY12 FY13 FY14 FY15 FY16

Source: Department of Public Enterprises – Public Enterprises Survey 2015-16

The analysis of the net profit of the PSEs for last 5 years indicate that the net profit of the PSEs declined y-o-y
by 20% in FY15 after reaching a y-o-y peak of 17% in FY13. However, in FY16 the net profit rebound by 12%,
from 1,028.7 bn in FY15 to ` 1,157.7 bn in FY16, primarily due to decline in prices of raw material especially
the crude oil, metals and ores and other input prices. The sectors such as steel, heavy engineering, trading
and marketing, consumer goods, telecommunication services and chemicals and pharmaceuticals reported
heavy losses.

Further, the number of profit making PSEs increased from 159 in FY15 to 165 in FY16. The profit of the profit
making PSEs increased almost 11% from 1,303.6 bn in FY15 to ` 1,445.2 bn in FY16. Of the 165 profit making
PSEs, top 10 PSEs accounted for over 63% of the total profit of the profit making PSEs. Amongst the top 10
profit making PSEs, Coal India Ltd, Oil & Natural Gas Corporation Ltd and Indian Oil Corporation Ltd were ranked
first, second and third respectively, contributing 17.8%, 17.5% and 11.3% respectively to the total profits of
the profit making PSEs.

Further, during FY16, 78 PSEs reported losses as against 76 in FY15. The loss of loss making PSEs increased by
4.5% to ` 287 bn in FY16 as compared to ` 275 bn in FY15. The top 10 loss making PSEs accounted for 79.8%
of the total losses of the loss making PSEs. Amongst the top 10 loss making PSEs, Steel Authority of India Ltd,
Bharat Sanchar Nigam Ltd and Air India Ltd were identified as the top three loss making PSEs together accounting
for 51.6% of losses of all the loss making PSEs.

Interestingly, the net profit analysis of the 161 profiled CPSEs indicate that while the net profit of all CPSEs
witnessed a growth in FY16, the net profit of profiled CPSEs witnessed a degrowth. During FY16, the net profit of
the profiled CPSEs declined by almost 36% as compared to degrowth of 12% in FY15. This degrowth was mainly
due to the combined losses of 33 CPSEs belonging to various sub-sectors including banks. These CPSEs made
losses amounting to ` 500 bn in FY16 as against the net profit of 1,451 bn made by 111 profit-making CPSEs.

XVI
Contribution to the Central Exchequer
PSEs contributed close to ` 3 trillion in FY16 to the Central Exchequer

Table 2: PSEs contribution to the Central Exchequer (in ` bn)

Growth (%)
Particulars FY12 FY13 FY14 FY15 FY16 over last
year
Payment of Dividend 285 288.6 455.2 381.7 437.3 14.6
Payment of Interest 20 7.96 7.45 4 74.8 1,770.5
Excise Duty 612 591.8 638.3 807.0 1,396.0 73
Custom Duty 115 60.8 68.1 62.8 99.5 58.4
Corporate Tax 442 446.1 815.5 482.6 428.8 (11.1)
Dividend Tax 61 64.7 92.2 103.1 118.8 15.2
Sales Tax 22 28 31.4 42.8 36.6 (14.4)
Service Tax 33 63 51.2 59 70.2 19.1
Other Duties & Tax 34 81 49.6 62.9 118.7 40.0
Total 1,624 1,632.1 2,209.8 2,005.9 2,780.7 38.6
Source: Department of Public Enterprises – Public Enterprises Survey 2015-16

Public Sector Enterprises are one of the major contributors to the central exchequer. PSEs contribution to the
Central Exchequer came from payment of dividend, payment of interest, excise duty, custom duty, corporate
tax, dividend tax, sales tax, service tax and other duties & tax. During FY16, the total contribution of PSEs to
the Central Exchequer increased by 38.6% from 2,005.9 bn in FY15 to 2,780.7 bn in FY16.

Performance of Ratnas
Of the total of 98 Ratnas (Maharatna, Navratna and Miniratna), 88 Ratnas have been featured in the publication.
These 88 Ratnas consists of 7 Maharatnas, 17 Navratnas, and 64 Miniratnas (Category-I and Category-II) and
together account of 66% of the total income of all the profiled CPSEs. As such, these Ratnas can rightfully be
called as the Barometer of the performance of the Indian CPSEs. The total income of all profiled Ratnas put
together degrew by 11% in FY16 as compared to FY15, which was directly reflected in the total income growth
of all the CPSEs which also degrew by almost 11% during the same period.

Maharatnas and Navratnas, which account for only 15% of all the profiled CPSEs, contribute more than 52%
to the total income of the profiled CPSEs. This clearly outlines the importance of Maharatnas and Navratnas
to the overall performance of CPSEs.

The analysis of financial performance of Maharatna, Navratna and Miniratna CPSEs indicates degrowth in
their total income as well as their net profit. The total revenue of the Maharatna CPSEs degrew by 13% in
FY16 as compared to degrowth of 6% in FY15. This degrowth was due to the steep decline in the revenues of
5 Maharatnas belonging of oil – refining & marketing, crude oil, steel and heavy engineering industries, on
account of falling commodity prices and Chinese steel dumping. The net profit of the Maharatnas decreased
by 5.3% in FY16 as compared to FY15 when it declined by 19%. This was mainly on account of heavy losses
made by two Maharatnas i.e BHEL and SAIL.

XVII
The total income of the 17 Navratnas declined by 7.7% in FY16 as compared to decline of 5% in FY15. This
decline was mainly due to the declines in revenues of three Navratnas i.e. HPCL, NMDC and BPCL, who jointly
account for almost 73% of total revenues of all Navratna CPSEs. The revenues of these companies declined by
over 12% in FY16 due to the lower realization on the value of the goods sold on account of significant drop in
the global commodity and petroleum product prices. The net profit of the Navratna CPSEs declined by 2% in
FY16 as compared to FY15 when it declined by 15%.

The total income of the 64 Miniratnas declined by 11.3% in FY16 as compared to FY15 when it declined by 3.3%.
Their net profit on the other hand remained unchanged in FY16 as compared to FY16 when it declined by 16%.

Some of the key financial performance highlights of the featured PSUs during FY16 are:-
• The aggregate total income of the 170 profiled CPSEs stood at around ` 31 trillion in FY16; showing a
decline of nearly 2% as compared to FY15
• In terms of share in aggregate total income, the oil – refining & marketing sector was the largest
contributor with a share of 30% in the aggregate total income of the profiled PSUs; followed by the
banking sector with a 23% share
• The aggregate net profit of the 170 profiled CPSEs stood at nearly ` 946.6 billion, showing a decline of
nearly 32% as compared to FY15
• The aggregate net profit of the oil – refining & marketing recorded nearly 84% growth in FY16 compared
to the previous year
• Maharatnas, which account for nearly 40% of the aggregate total income of CPSEs, recorded a 13%
decline in their total income in FY16.

XVIII
 Interview

Oil India Limited

India has been one of the highest importers of crude oil in the world. What
measures do India and Indian oil companies need to take to help India reduce
its dependence on oil imports?
In this regard, Oil India Limited (OIL) is trying its best to increase both its
exploratory and producing acreages where no operations could be taken up for
a long time due to absence of forest and environment clearance. Recently, we
got approval from Forest Advisory Committee (FAC) of MOEF&CC, Government
Utpal Bora
of India, towards re-grant of NINGRU PML which was pending from 2003.
Chairman & Managing Director
Moreover, we have increased our drilling and work-over efforts and are
introducing different technology for enhancement of oil and gas production.
It may be noted that our production of natural gas in 2016-17 of 2.937 BCM is
highest so far by the Company.

What kind of impact do you foresee from the Government’s vision of creating
integrated oil & gas companies?
The details of the same are not yet fully known and hence, it is difficult to
comment on the same.

Oil India has actively pursued a strategy of vertical integration into downstream
sectors. How has this strategy helped the company?
OIL has 26 percent, 23 percent and 10 percent participating interest in
Numaligarh Refineries Limited (NRL), Duliajan-Numaligarh Pipeline (DNPL) and
Brahmaputra Crackers and Polymers Limited (BCPL) respectively. This entry into
downstream business is yet not significant but it has helped in broadening our
business portfolio. It will provide us opportunity in further foray in this area of
business.

What are the key areas in which you plan to diversify? What is your strategy
for non-conventional energy?
OIL has already entered into renewable energy business. It has set-up about
188 MW of wind and solar power.

How would you outline your capex outlook for the next 2-3 years?
For 2017-18, OIL has a capex plan of approximately ` 4300 crore. We intend to
incur almost similar level of capex during next 2-3 years also, keeping in view our
current and future E&P projects. These capex plans do not include investment
in M&As which is incurred as and when any new acquisition takes place.

XIX
 Interview
Maharashtra Industrial
Development Corporation
What plans does MIDC have for
supporting Government’s ‘Make in India’
program?
Infrastructure is an ever evolving need
of the industry and a growth engine for
industrial growth. To promote ‘Make
in India’ program, MIDC has laid a
huge emphasis on building industry
ready infrastructure. The corporation
is creating new industrial parks, textile
parks and promoting establishment of
integrated industrial areas and integrated
Shri Sanjay Sethi
IT townships. It is also providing facilities
Chief Executive Officer like common effluent treatment plants
(CETP), solar energy generation, water
treatment facilities at industrial areas
and strong IT backbone for creating
conducive ecosystem for the industry.
MIDC is continuously taking measures
for improving facilities and services for
industry, to become a one stop solution for
them. It has also partnered with DMICDC
for the ongoing Delhi-Mumbai industrial
corridor (DMIC) a mega infrastructure
project, which is expected to cover an
overall length of 1,438 km between
Delhi and Mumbai, will have 17% of its
project influence area in Maharashtra.
To promote focus sectors under ‘Make in
India’ program the State has announced
policies like Textile and Electronics and
has also released draft policies on Start-
up and Defence for industry inputs.
Availability of adequate and timely
infrastructure in terms of land, electricity,
and water has been one of the biggest
challenges affecting the industries. What
plans does MIDC have to address the
issue?
One of the best examples would be that
MIDC at present has a transparent online
land allocation process for allocating land
to industrial projects with pre-defined
timelines and the progress made thus far
can be seen online . The state at present
is both power and water self-sufficient,
offering best quality power and low prices
for industrial use of water.
Going forward MIDC has set key
objectives to achieve balanced industrial
development and facilitate entrepreneurs
in setting up industries in the state.
XX
India’s rank in ease of doing business
has improved significantly over the past
three years. What measures is MIDC
taking and is planning to take to improve
Maharashtra’s rank in ease of doing
business?
In terms of ease of doing business,
Maharashtra in among the top 10 states
in the country. Maharashtra has now
jumped from being an ‘Acceleration
required’ state to ‘Leaders’ category with
increasing compliance from 49.4% in
2015 to 92.86% in 2016, it is a formative
change achieved by any state. MIDC has
recently implemented a Geographic
Information System (GIS) system along
with details of available infrastructure
(road, water and gas pipelines, etc.).
The corporation has implemented an
online system for reducing human touch
points for various processes. It has
implemented software based system for
building plan approval, online process
of granting Construction Permit, third
party certification of structural design,
architectural drawings for reducing the
turnaround time. It has also established a
dedicated conflict resolution mechanism
for investor grievances related to land
and construction permits. MIDC’s
land allotment system allows online
application and payment and careful
application scrutiny.
What plans does MIDC have for
expanding its reach to remote towns and
villages of Maharashtra?
MIDC has industrial townships across
Maharashtra and also plans to create
new green field industrial townships
in remote towns. With the emergence
of new growth corridors like Mumbai
– Nashik – Aurangabad – Amravati –
Nagpur, Mumbai – Pune – Satara – Sangli
– Solapur and Mumbai – Ratnagiri –
Sindhudurg, MIDCs aims to bring the less
industrially developed areas of Vidarbha,
Marathwada and Konkan by creating
new industrial areas and bringing them
functionally closer to growth centers like
Mumbai and Pune.
India’s Top PSUs 2017 Central PSUs Overall Listing L1

India’s Top PSUs 2017

Central PSUs
Sr No Company Name
1 Agriculture Insurance Company of India Limited
2 Agrinnovate India Limited
3 Air India Air Transport Services Limited
4 Air India Charters Limited
5 Air India Engineering Services Limited
6 Air India Limited
7 Airline Allied Services Limited
8 Airports Authority of India
9 Allahabad Bank
10 Andaman & Nicobar Islands Forest & Plantation Development Corporation Limited
11 Andhra Bank
12 Andrew Yule & Company Limited
13 Antrix Corporation Limited
14 Anushakti Vidhyut Nigam Limited**
15 Artificial Limbs Manufacturing Corporation of India
16 Assam Ashok Hotel Corporation Limited
17 Baira Siul Sarna Transmission Limited**
18 Ballabhgarh-Gn Transmission Company Limited**
19 Balmer Lawrie & Company Limited
20 Balmer Lawrie Investments Limited
21 Bank of Baroda
22 Bank of India
23 Bank of Maharashtra
24 BEL Optronic Devices Limited
25 BEL-Thales Systems Limited**
26 BEML Limited
27 Bengal Chemicals & Pharmaceuticals Limited
28 Bharat Broadband Network Limited
29 Bharat Coking Coal Limited
30 Bharat Dynamics Limited
31 Bharat Electronics Limited
32 Bharat Heavy Electricals Limited
33 Bharat Immunologicals and Biologicals Corporation Limited
34 Bharat PetroResources JPDA**
L2 Central PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name
35 Bharat PetroResources Limited
36 Bharat Petroleum Corporation Limited
37 Bharat Pumps & Compressors Limited
38 Bharat Sanchar Nigam Limited
39 Bharat Wagon & Engineering Company Limited
40 Bharatiya Nabhikiya Vidyut Nigam Limited**
41 Bhartiya Rail Bijlee Company Limited**
42 BHEL Electrical Machines Limited
43 Bihar Infrapower Limited**
44 Bihar Mega Power Limited**
45 Biotechnology Industry Research Assistance Council
46 Birds Jute & Exports Limited
47 BPCL-KIAL Fuel Private Limited**
48 Brahamputra Crackers & Polymer Limited
49 Brahmaputra Valley Fertilizer Corporation Limited
50 Braithwaite & Company Limited
51 The Braithwaite Burn and Jessop Construction Company Limited
52 Bridge & Roof Co. (India) Limited
53 British India Corporation Limited
54 Broadcast Engineering Consultants India Limited
55 Bundelkhand Saur Urja Limited**
56 Burn Standard Company Limited
57 Canara Bank
58 Cement Corporation of India Limited
59 Central Bank of India
60 Central Coalfields Limited
61 Central Cottage Industries Corporation of India Limited
62 Central Electronics Limited
63 Central Inland Water Transport Corporation Limited
64 Central Mine Planning & Design Institute Limited
65 Central Railside Warehouse Company Limited
66 Central Warehousing Corporation
67 Certification Engineers International Limited
68 Chennai Petroleum Corporation Limited
69 Cheyyur Infra Limited**
70 Chhattisgarh East Railways Limited**
71 Chhattisgarh Mega Steel Company Limited**
72 Chhattishgarh Surguja Power Limited**
73 Coal India Limited
74 Coastal Karnataka Power Limited**
75 Coastal Maharashtra Mega Power Limited**
India’s Top PSUs 2017 Central PSUs Overall Listing L3

Sr No Company Name
76 Coastal Tamil Nadu Power Limited**
77 Cochin Shipyard Limited
78 Concor Air Limited
79 Container Corporation of India Limited
80 Corporation Bank
81 The Cotton Corporation of India Limited
82 Creda HPCL Biofuel Limited
83 Dedicated Freight Corridor Corporation of India Limited**
84 Delhi Police Housing Corporation Limited
85 Dena Bank
86 Deoghar Infra Limited**
87 Deoghar Mega Power Limited**
88 Dingchang Transmission Limited**
89 Donyi Polo Ashok Hotel Limited
90 Dredging Corporation of India Limited
91 Eastern Coalfields Limited
92 Eastern Investment Limited
93 ECGC Limited
94 EdCIL (India) Limited
95 Electronics Corporation of India Limited
96 Engineering Projects (India) Limited
97 Engineers India Limited
98 Export-Import Bank of India
99 FCI Aravali Gypsum & Minerals (India) Limited
100 Ferro Scrap Nigam Limited
101 Fertilizer Corporation of India Limited
102 The Fertilizers and Chemicals Travancore Limited
103 Food Corporation of India
104 Fresh & Healthy Enterprises Limited
105 GAIL (India) Limited
106 GAIL Gas Limited
107 Garden Reach Shipbuilders & Engineers Limited
108 General Insurance Corporation of India
109 Ghogarpalli Integrated Power Company Limited**
110 Goa Antibiotics & Pharmaceuticals Limited
111 Goa Shipyard Limited
112 The Handicrafts & Handlooms Exports Corporation of India Limited
113 Heavy Engineering Corporation Limited
114 High Speed Rail Corporation of India Limited**
115 Hindustan Aeronautics Limited
116 Hindustan Antibiotics Limited
L4 Central PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name
117 Hindustan Cables Limited
118 Hindustan Copper Limited
119 Hindustan Fertilizer Corporation Limited
120 Hindustan Fluorocarbons Limited
121 Hindustan Insecticides Limited
122 Hindustan Newsprint Limited
123 Hindustan Organic Chemicals Limited
124 Hindustan Paper Corporation Limited
125 Hindustan Petroleum Corporation Limited
126 Hindustan Photo Films Manufacturing Company Limited
127 Hindustan Prefab Limited
128 Hindustan Salts Limited
129 Hindustan Shipyard Limited
130 Hindustan Steelworks Construction Limited
131 HLL Biotech Limited
132 Hll Infra Tech Services Limited
133 HLL Lifecare Limited
134 HMT (International) Limited
135 HMT Bearings Limited
136 HMT Chinar Watches Limited
137 HMT Limited
138 HMT Machine Tools Limited
139 HMT Watches Limited
140 Hooghly Dock and Port Engineers Limited
141 Hooghly Printing Company Limited
142 Hotel Corporation Of India Limited
143 Housing & Urban Development Corporation Limited
144 HPCL Biofuels Limited
145 HPCL Rajasthan Refinery Limited**
146 HSCC (India) Limited
147 ITI Limited
148 IDBI Bank Limited
149 IDPL (Tamilnadu) Limited
150 IFCI Limited
151 IIFCL Asset Management Company Limited
152 IIFCL Projects Limited
153 India Infrastructure Finance Company Limited
154 India Tourism Development Corporation Limited
155 India Trade Promotion Organisation
156 Indian Bank
157 Indian Catalyst Privated Limited**
India’s Top PSUs 2017 Central PSUs Overall Listing L5

Sr No Company Name
158 Indian Drugs & Pharmaceuticals Limited
159 Indian Medicines & Pharmaceutical Corporation Limited
160 Indian Oil Corporation Limited
161 Indian Oil-Creda Biofuels Limited
162 Indian Overseas Bank
163 Indian Railway Catering & Tourism Corporation Limited
164 Indian Railway Finance Corporation Limited
165 Indian Railway Stations Development Corporation Limited
166 Indian Rare Earths Limited
167 Indian Renewable Energy Development Agency Limited
168 Indian Vaccine Corporation Limited
169 Instrumentation Limited
170 Ircon Infrastructure & Services Limited
171 Ircon International Limited
172 Ircon PB Tollway Limited**
173 Ircon Shivpuri Guna Tollway Limited**
174 J&K Mineral Development Corporation Limited
175 Jagdishpur Paper Mills Limited**
176 Jharkhand Infrapower Limited**
177 Jharkhand Kolhan Steel Limited**
178 Jharkhand National Mineral Development Corporation Limited**
179 Kamarajar Port Limited
180 Kanti Bijlee Utpadan Nigam Limited
181 Karnataka Antibiotics & Pharmaceuticals Limited
182 Karnataka Trade Promotion Organisation
183 Karnataka Vijay Nagar Steel Limited**
184 Khargone Transmission Limited**
185 KIOCL Limited
186 Kohima-Mariani Transmission Limited**
187 Kolkata Metro Rail Corporation Limited**
188 Konkan Railway Corporation Limited
189 Kumarakruppa Frontier Hotels Limited
190 Life Insurance Corporation of India
191 Loktak Downstream Hydroelectric Corporation Limited**
192 MMTC Limited
193 MSTC Limited
194 Madhya Pradesh Ashok Hotel Corporation Limited
195 Madras Fertilizers Limited
196 Mahanadi Basin Power Limited**
197 Mahanadi Coalfields Limited
198 Mahanagar Telephone Nigam Limited
L6 Central PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name
199 Mangalore Refinery and Petrochemicals Limited
200 Mazagon Dock Shipbuilders Limited
201 MECON Limited
202 Medinipur-Jeerat Transmission Limited**
203 Millennium Telecom Limited
204 Mineral Exploration Corporation Limited
205 Mishra Dhatu Nigam Limited
206 MJSJ Coal Limited**
207 MNH Shakti Limited**
208 Mohinder Garh-Bhiwani Transmission Limited**
209 MOIL Limited
210 Mumbai Railway Vikas Corporation Limited
211 Nagaland Pulp & Paper Company Limited
212 National Aluminium Company Limited
213 National Backward Classes Finance & Development Corporation
214 National Bank for Agriculture and Rural Development
215 National Fertilizers Limited
216 National Film Development Corporation Limited
217 National Handicapped Finance & Development Corporation
218 National Handloom Development Corporation Limited
219 National Highways & Infrastructure Development Corporation Limited
220 National Informatics Centre Services Incorporated
221 National Insurance Company Limited
222 National Jute Manufactures Corporation Limited
223 National Minorities Development & Finance Corporation
224 National Projects Construction Corporation Limited
225 National Research Development Corporation
226 National Safai Karamcharis Finance & Development Corporation
227 National Scheduled Castes Finance & Development Corporation
228 National Scheduled Tribes Finance & Development Corporation
229 National Seeds Corporation Limited
230 The National Small Industries Corporation Limited
231 National Textile Corporation Limited
232 NBCC (India) Limited
233 NBCC Engineering and Consultancy Limited**
234 NBCC Services Limited
235 Nellore Transmission Limited**
236 Nepa Limited
237 NER II Transmission Limited**
238 The New India Assurance Company Limited
239 Neyveli Uttar Pradesh Power Ltd**
India’s Top PSUs 2017 Central PSUs Overall Listing L7

Sr No Company Name
240 NHDC Limited
241 NHPC Limited
242 NLC India Limited
243 NLC Tamilnadu Power Limited
244 NMDC Limited
245 NMDC Power Limited**
246 NMDC Steel Limited**
247 NMDC-CMDC Limited**
248 North Eastern Handicrafts & Handloom Devlopment Corporation Limited
249 North Eastern Electric Power Corporation Limited
250 North Eastern Regional Agricultural Marketing Corporation Limited
251 North Karanpura Transco Limited**
252 Northern Coalfields Limited
253 NPCIL - Indian Oil Nuclear Energy Corporation Limited**
254 NPCIL - Nalco Power Company Limited**
255 NRSS XXXVI Transmission Limited**
256 NTPC Electric Supply Company Limited
257 NTPC Limited
258 NTPC Vidyut Vyapar Nigam Limited
259 Nuclear Power Corporation of India Limited
260 Numaligarh Refinery Limited
261 Odisha Infrapower Limited**
262 Oil & Natural Gas Corporation Limited
263 Oil India International Limited**
264 Oil India Limited
265 ONGC Mangalore Petrochemicals Limited
266 ONGC Videsh Limited
267 Oriental Bank of Commerce
268 The Oriental Insurance Company Limited
269 Orissa Drugs & Chemicals Limited
270 Orissa Integrated Power Limited**
271 Orissa Mineral Development Company Limited
272 PEC Limited
273 Patratu Vidyut Utpadan Nigam Limited**
274 Pawan Hans Limited
275 Petronet CCK Limited
276 PFC Capital Advisory Service Limited
277 PFC Consulting Limited
278 PFC Green Energy Limited
279 Pondicherry Ashok Hotel Corporation Limited
280 Power Finance Corporation Limited
L8 Central PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name
281 Power Grid Corporation of India Limited
282 Power Grid Jabalpur Transmission Limited**
283 Power Grid Parli Transmission Limited**
284 Power Grid Southern Interconnector Transmission System Limited**
285 Power Grid Warora Transmission Limited**
286 Power System Operation Corporation Limited
287 Powergrid Kala Amb Transmission Limited**
288 Powergrid NM Tranmission Limited**
289 Powergrid Unchahar Transmission Limited**
290 Powergrid Vizag Transmission Limited**
291 Prize Petroleum Company Limited
292 Projects & Development India Limited
293 Punjab & Sind Bank
294 Punjab Ashok Hotel Company Limited**
295 Punjab Logistic Infrastructure Limited**
296 Punjab National Bank
297 Rail Vikas Nigam Limited
298 RailTel Corporation of India Limited
299 Railtel Enterprises Limited
300 Railway Energy Management Company Limited
301 Rajasthan Drugs & Pharmaceuticals Limited
302 Rajasthan Electronics & Instruments Limited
303 Ranchi Ashok Bihar Hotel Corporation Limited
304 Rashtriya Chemicals And Fertilizers Limited
305 Rashtriya Ispat Nigam Limited
306 REC Power Distribution Company Limited
307 REC Transmission Projects Company Limited
308 Richardson & Cruddas (1972) Limited
309 Rites Infrastructure Services Limited
310 RITES Limited
311 Rural Electrification Corporation Limited
312 SAIL Refractory Company Limited
313 Sakhigopal Integrated Power Company Limited**
314 Sambhar Salts Limited
315 Scooters India Limited
316 Security Printing and Minting Corporation of India Limited
317 Sethusamudram Corporation Limited**
318 The Shipping Corporation of India Limited
319 Sidcul Concor Infra Company Limited
320 SJVN Limited
321 SJVN Thermal Private Limited**
India’s Top PSUs 2017 Central PSUs Overall Listing L9

Sr No Company Name
322 Small Industries Development Bank of India
323 Solar Energy Corporation of India
324 South-Central East Delhi Power Transmission Limited**
325 South Eastern Coalfields Limited
326 State Bank of India
327 The State Trading Corporation of India Limited
328 STCL Limited
329 Steel Authority of India Limited
330 Syndicate Bank
331 Tamil Nadu Trade Promotion Organisation
332 Tanda Transmission Company Limited**
333 Tatiya Andhra Mega Power Limited**
334 TCIL Bina Toll Road Limited
335 TCIL Lakhnadone Toll Road Limited**
336 Telecommunications Consultants India Limited
337 THDC India Limited
338 The Bisra Stone Lime Company Limited
339 The Jute Corporation of India Limited
340 Tungabhadra Steel Products Limited
341 UCO Bank
342 Union Bank of India
343 United Bank of India
344 United India Insurance Company Limited
345 Uranium Corporation of India Limited
346 Utkal Ashok Hotel Corporation Limited
347 Vignyan Industries Limited
348 Vijaya Bank
349 WAPCOS Limited
350 Western Coalfields Limited
351 Yule Electrical Limited**
352 Yule Engineering Company Limited**
Note: The list includes -
(a) Central Public Sector Enterprises as on 31.03.2016 as defined by the Department of Public Enterprises
(b) Central Public Sector Enterprises under Construction as on 31.03.2016 as defined by the Department of Public Enterprises - marked with **
(c) Scheduled Commercial Public Sector Banks as on 31.03.2016 as defined by Reserve Bank of India
(d) Public sector insurance companies as on 31.03.2016 as defined by Insurance Regulatory and Development Authority of India
(e) Other enterprises set up by an Act of Indian Parliament
L10 State PSUs Overall Listing India’s Top PSUs 2017
India’s Top PSUs 2017 State PSUs Overall Listing L11

India’s Top PSUs 2017

State PSUs
Sr No Company Name State
1 Amaravati Metro Rail Corporation Limited Andhra Pradesh
2 Andhra Pradesh Aviation Corporation Limited Andhra Pradesh
3 Andhra Pradesh Beverages Corporation Limited Andhra Pradesh
4 Andhra Pradesh Forest Development Corporation Limited Andhra Pradesh
5 Andhra Pradesh Gas Distribution Corporation Limited Andhra Pradesh
6 Andhra Pradesh Gas Infrastructure Corporation (Private) Limited Andhra Pradesh
7 Andhra Pradesh Handicrafts Development Corporation Limited Andhra Pradesh
8 Andhra Pradesh Heavy Machinery and Engineering Limited Andhra Pradesh
9 Andhra Pradesh Industrial Development Corporation Limited Andhra Pradesh
10 Andhra Pradesh Industrial Infrastructure Corporation Limited Andhra Pradesh
11 Andhra Pradesh Mahila Sadhikara Samstha Andhra Pradesh
12 Andhra Pradesh Meat Development Corporation Limited Andhra Pradesh
13 Andhra Pradesh Power Development Company Limited Andhra Pradesh
14 Andhra Pradesh Power Finance Corporation Limited Andhra Pradesh
15 Andhra Pradesh Power Generation Corporation Limited Andhra Pradesh
16 Andhra Pradesh Rajiv Swagruha Corporation Limited Andhra Pradesh
17 Andhra Pradesh Solar Power Corporation Limited Andhra Pradesh
18 Andhra Pradesh State Agro Industries Development Corporation Limited Andhra Pradesh
19 Andhra Pradesh State Beverages Corporation Limited Andhra Pradesh
20 Andhra Pradesh State Christian Minorities Finance Corporation Limited Andhra Pradesh
21 Andhra Pradesh State Civil Supplies Corporation Limited Andhra Pradesh
22 Andhra Pradesh State Fibernet Limited Andhra Pradesh
23 Andhra Pradesh State Film Television and Theatre Development Corporation Limited Andhra Pradesh
24 Andhra Pradesh State Housing Corporation Limited Andhra Pradesh
25 Andhra Pradesh State Irrigation Development Corporation Limited Andhra Pradesh
26 Andhra Pradesh State Minorities Finance Corporation Limited Andhra Pradesh
27 Andhra Pradesh State Police Housing Corporation Limited Andhra Pradesh
28 Andhra Pradesh State Seeds Development Corporation Limited Andhra Pradesh
29 Andhra Pradesh State Skill Development Corporation Andhra Pradesh
30 Andhra Pradesh Technology Services Limited Andhra Pradesh
31 Andhra Pradesh Tourism Development Corporation Limited Andhra Pradesh
32 Andhra Pradesh Trade Promotion Corporation Limited Andhra Pradesh
33 Andhra Pradesh Tribal Power Company Limited Andhra Pradesh
34 Andhra Pradesh Urban Finance and Infrastructure Development Corporation Limited Andhra Pradesh
35 Andhra Pradesh Urban Greening and Beautification Corporation Limited Andhra Pradesh
L12 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

36 Bhogapuram International Airport Corporation Limited Andhra Pradesh
37 Eastern Power Distribution Company of Andhra Pradesh Limited Andhra Pradesh
38 Indira Gandhi Centre for Advanced Research on Livestock Private Limited Andhra Pradesh
39 Infrastructure Corporation of Andhra Pradesh Limited Andhra Pradesh
40 Kakinada Smart City Corporation Limited Andhra Pradesh
41 Krishnapatnam International Leather Complex Private Limited Andhra Pradesh
42 Leather Industries Development Corporation of Andhra Pradesh Limited Andhra Pradesh
43 New & Renewable Energy Development Corporation of Andhra Pradesh Limited Andhra Pradesh
44 Ongole Iron Ore Mining Company Private Limited Andhra Pradesh
45 Overseas Manpower Company of Andhra Pradesh Limited Andhra Pradesh
46 Rythu Sadhikara Samstha Andhra Pradesh
47 Southern Power Distribution Company of Andhra Pradesh Limited Andhra Pradesh
48 Swacha Andhra Corporation Limited Andhra Pradesh
49 The Andhra Pradesh Mineral Development Corporation Limited Andhra Pradesh
50 The Nizam Sugars Limited Andhra Pradesh
51 Transmission Corporation of Andhra Pradesh Limited Andhra Pradesh
52 Vijayawada Urban Transport Company Limited Andhra Pradesh
53 Visakhapatnam Urban Transport Company Limited Andhra Pradesh
54 Vizag Apparel Park for Export Limited Andhra Pradesh
55 Arunachal Police Housing and Welfare Corporation Limited Arunachal Pradesh
56 Arunachal Pradesh Forest Corporation Limited Arunachal Pradesh
57 Arunachal Pradesh Industrial Development and Financial Corporation Limited Arunachal Pradesh
58 Arunachal Pradesh Mineral Development and Trading Corporation Limited Arunachal Pradesh
59 Hydro Power Development Corporation of Arunachal Pradesh Limited Arunachal Pradesh
60 Amtron Informatics (India) Limited Assam
61 Ashok Paper Mill (Assam) Limited Assam
62 Assam Electricity Grid Corporation Limited Assam
63 Assam Electronics Development Corporation Limited Assam
64 Assam Fisheries Development Corporation Limited Assam
65 Assam Gas Company Limited Assam
66 Assam Government Marketing Corporation Limited Assam
67 Assam Hills Small Industries Development Corporation Limited Assam
68 Assam Hydro-Carbon and Energy Company Limited Assam
69 Assam Industrial Development Corporation Limited Assam
70 Assam Livestock and Poultry Corporation Limited Assam
71 Assam Mineral Development Corporation Limited Assam
72 Assam Minorities Development Corporation Assam
73 Assam Petrochemicals Limited Assam
74 Assam Plains Tribes Development Corporation Limited Assam
75 Assam Plantation Crop Development Corporation Limited Assam
76 Assam Police Housing Corporation Limited Assam
India’s Top PSUs 2017 State PSUs Overall Listing L13

Sr No Company Name State

77 Assam Power Distribution Company Limited Assam
78 Assam Power Generation Corporation Limited Assam
79 Assam Seeds Corporation Limited Assam
80 Assam Small Industries Development Corporation Limited Assam
81 Assam State Development Corporation for Other Backward Classes Limited Assam
82 Assam State Development Corporation for Scheduled Castes Limited Assam
83 Assam State Fertilizers and Chemicals Limited Assam
84 Assam State Film (Finance & Development) Corporation Limited Assam
85 Assam State Text Book Production and Publication Corporation Limited Assam
86 Assam Tea Corporation Limited Assam
87 Assam Tourism Development Corporation Limited Assam
88 Assam Trade Promotion Organisation Assam
89 DNP Limited Assam
90 Bihar Forestry Development Corporation Limited Bihar
91 Bihar Grid Company Limited Bihar
92 Bihar Medical Services & Infrastructure Corporation Limited Bihar
93 Bihar Police Building Construction Corporation Limited Bihar
94 Bihar Rajya Beej Nigam Limited Bihar
95 Bihar Rajya Matasya Beej Vikas Nigam Limited Bihar
96 Bihar Rajya Pul Nirman Nigam Limited Bihar
97 Bihar State Backward Classes Finance & Development Corporation Bihar
98 Bihar State Beverages Corporation Limited Bihar
99 Bihar State Building Construction Corporation Limited Bihar
100 Bihar State Credit & Investment Corporation Limited Bihar
101 Bihar State Educational Infrastructure Development Corporation Limited Bihar
102 Bihar State Electronics Development Corporation Limited Bihar
103 Bihar State Film Development & Finance Corporation Limited Bihar
104 Bihar State Food & Civil Supplies Corporation Limited Bihar
105 Bihar State Forest Development Corporation Limited Bihar
106 Bihar State Hydroelectric Power Corporation Limited Bihar
107 Bihar State Mineral Development Corporation Limited Bihar
108 Bihar State Minorities Finance Corporation Limited Bihar
109 Bihar State Power (Holding) Company Limited Bihar
110 Bihar State Power Generation Company Limited Bihar
111 Bihar State Power Transmission Company Limited Bihar
112 Bihar State Road Development Corporation Limited Bihar
113 Bihar State Text Book Publishing Corporation Limited Bihar
114 Bihar State Tourism Development Corporation Limited Bihar
115 Bihar Urban Infrastructure Development Corporation Limited Bihar
116 Lakhisarai Bijli Company Private Limited Bihar
117 North Bihar Power Distribution Company Limited Bihar
L14 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

118 Pirpainti Bijli Company Private Limited Bihar
119 SCADA Agro Business Company Limited Bihar
120 South Bihar Power Distribution Company Limited Bihar
121 Chhattisgarh Infrastructure Development Corporation Limited Chhattisgarh
122 Chhattisgarh Medical Services Corporation Limited Chhattisgarh
123 Chhattisgarh Mineral Development Corporation Limited Chhattisgarh
124 Chhattisgarh Nishakt Jan Vitt Avam Vikas Nigam Chhattisgarh
125 Chhattisgarh Police Housing Corporation Limited Chhattisgarh
126 Chhattisgarh Rajya Beej Evam Krishi Vikas Nigam Limited Chhattisgarh
127 Chhattisgarh Rajya Van Vikas Nigam Limited Chhattisgarh
128 Chhattisgarh Road Development Corporation Limited Chhattisgarh
129 Chhattisgarh Sondiha Coal Company Limited Chhattisgarh
130 Chhattisgarh State Beverages Corporation Limited Chhattisgarh
131 Chhattisgarh State Civil Supplies Corporation Limited Chhattisgarh
132 Chhattisgarh State Industrial Development Corporation Limited Chhattisgarh
133 Chhattisgarh State Power Distribution Company Limited Chhattisgarh
134 Chhattisgarh State Power Generation Company Limited Chhattisgarh
135 Chhattisgarh State Power Holding Company Limited Chhattisgarh
136 Chhattisgarh State Power Trading Company Limited Chhattisgarh
137 Chhattisgarh State Power Transmission Company Limited Chhattisgarh
138 CMDC ICPL Coal Limited Chhattisgarh
139 CSPGCL AEL Parsa Collieries Limited Chhattisgarh
140 Kerwa Coal Limited Chhattisgarh
141 Raipur Nagar Nigam Transport Limited Chhattisgarh
142 Delhi Power Company Limited Delhi
Delhi SC /ST /OBC/ Minorities & Handicapped Financial and Development Corporation
143 Delhi
Limited
144 Delhi State Civil Supplies Corporation Limited Delhi
145 Delhi State Industrial & Infrastructure Development Corporation Limited Delhi
146 Delhi Tourism and Transportation Development Corporation Limited Delhi
147 Delhi Transco Limited Delhi
148 Delhi Transport and Infrastructure Development Corporation Limited Delhi
149 DSIIDC Energy Limited Delhi
150 DSIIDC Exim Limited Delhi
151 DSIIDC Liquor Limited Delhi
152 DSIIDC Maintenance Services Limited Delhi
153 Geospatial Delhi Limited Delhi
154 Indraprastha Power Generation Company Limited Delhi
155 Pragati Power Corporation Limited Delhi
156 Shahjahanabad Redevelopment Corporation Delhi
157 EDC Limited Goa
158 Goa Electronics Limited Goa
India’s Top PSUs 2017 State PSUs Overall Listing L15

Sr No Company Name State

159 Goa Forest Development Corporation Limited Goa
160 Goa Handicraft, Rural and Small Scale Industries Development Corporation Limited Goa
161 Goa Meat Complex Limited Goa
162 Goa State Horticultural Corporation Limited Goa
163 Goa State Infrastructure Development Corporation Limited Goa
Goa State Scheduled Castes and Other Backward Class Finance and Development
164 Goa
Corporation Limited
165 Goa State Scheduled Tribes Finance and Development Corporation Limited Goa
166 Goa Tourism Development Corporation Limited Goa
167 Info Tech Corporation of Goa Limited Goa
168 Kadamba Transport Corporation Limited Goa
169 Sewage and Infrastructural Development Corporation Limited Goa
170 Alcock Ashdown (Gujarat) Limited Gujarat
171 Bhavnagar Energy Company Limited Gujarat
172 Dahej SEZ Limited Gujarat
173 Dakshin Gujarat Vij Company Limited Gujarat
174 Dholera Industrial City Development Limited Gujarat
175 Dholera International Airport Company Limited Gujarat
176 GSPC (JPDA) Limited Gujarat
177 GSPC Energy Limited Gujarat
178 GSPC LNG Limited Gujarat
179 GSPC Offshore Limited Gujarat
180 GSPC Pipavav Power Company Limited Gujarat
181 GSPL India Gasnet Limited Gujarat
182 GSPL India Transco Limited Gujarat
183 Guj Info Petro Limited Gujarat
184 Gujarat Agro Industries Corporation Limited Gujarat
185 Gujarat Energy Transmission Corporation Limited Gujarat
186 Gujarat Foundation for Mental Health and Allied Sciences Gujarat
187 Gujarat Gas Limited Gujarat
188 Gujarat Gopalak Development Corporation Limited Gujarat
189 Gujarat Growth Centres Development Corporation Limited Gujarat
190 Gujarat Industrial and Technical Consultancy Organisation Limited Gujarat
191 Gujarat Industrial Corridor Corporation Limited Gujarat
192 Gujarat Industrial Investment Corporation Limited Gujarat
193 Gujarat Informatics Limited Gujarat
194 Gujarat Livelihood Promotion Company Limited Gujarat
195 Gujarat Medical Services Corporation Limited Gujarat
196 Gujarat Mineral Development Corporation Limited Gujarat
197 Gujarat Minorities Finance and Development Corporation Limited Gujarat
198 Gujarat Nomadic and Denotified Tribes Development Corporation Gujarat
199 Gujarat Ports Infrastructure and Development Company Limited Gujarat
L16 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

200 Gujarat Power Corporation Limited Gujarat
201 Gujarat Rural Industries Marketing Corporation Limited Gujarat
202 Gujarat Safai Kamdar Vikas Nigam Limited Gujarat
203 Gujarat Sheep and Wool Development Corporation Limited Gujarat
204 Gujarat State Aviation Infrastructure Company Limited Gujarat
205 Gujarat State Civil Supplies Corporation Limited Gujarat
206 Gujarat State Electricity Corporation Limited Gujarat
207 Gujarat State Energy Generation Limited Gujarat
208 Gujarat State Financial Services Limited Gujarat
209 Gujarat State Forest Development Corporation Limited Gujarat
210 Gujarat State Handloom and Handicrafts Development Corporation Limited Gujarat
211 Gujarat State Investments Limited Gujarat
212 Gujarat State Land Development Corporation Limited Gujarat
213 Gujarat State Petroleum Corporation Limited Gujarat
214 Gujarat State Petronet Limited Gujarat
215 Gujarat State Police Housing Corporation Limited Gujarat
216 Gujarat State Road Development Corporation Limited Gujarat
217 Gujarat State Rural Development Corporation Limited Gujarat
218 Gujarat State Seeds Corporation Limited Gujarat
219 Gujarat Thakor and Koli Vikas Nigam Limited Gujarat
220 Gujarat Urban Development Company Limited Gujarat
221 Gujarat Urja Vikas Nigam Limited Gujarat
222 Gujarat Water Infrastructure Limited Gujarat
223 Gujarat Water Resources Development Corporation Limited Gujarat
224 Gujarat Women Economic Development Corporation Limited Gujarat
225 Guj-Tour Development Company Limited Gujarat
226 Infrastructure Finance Company Gujarat limited Gujarat
227 Madhya Gujarat Vij Company Limited Gujarat
228 Metro Link Express for Gandhinagar and Ahmedabad (MEGA) Company Limited Gujarat
229 Narmada Clean Tech Gujarat
230 Paschim Gujarat Vij Company Limited Gujarat
231 Sabarmati Gas Limited Gujarat
232 Sardar Sarovar Narmada Nigam Limited Gujarat
233 Tourism Corporation of Gujarat Limited Gujarat
234 Uttar Gujarat Vij Company Limited Gujarat
235 Dakshin Haryana Bijli Vitran Nigam Limited Haryana
236 Gurgaon Technology Park Limited Haryana
237 Hartron Informatics Limited Haryana
238 Haryana Agro Industries Corporation Limited Haryana
239 Haryana Backward Classes and Economically Weaker Section Kalyan Nigam Limited Haryana
240 Haryana Forest Development Corporation Limited Haryana
241 Haryana Land Reclamation and Development Corporation Limited Haryana
India’s Top PSUs 2017 State PSUs Overall Listing L17

Sr No Company Name State

242 Haryana Mass Rapid Transport Corporation Limited Haryana
243 Haryana Medical Services Corporation Limited Haryana
244 Haryana Police Housing Corporation Limited Haryana
245 Haryana Power Generation Corporation Limited Haryana
246 Haryana Roadways Engineering Corporation Limited Haryana
247 Haryana Scheduled Castes Finance and Development Corporation Limited Haryana
248 Haryana Seeds Development Corporation Limited Haryana
249 Haryana State Electronics Development Corporation Limited Haryana
250 Haryana State Industrial and Infrastructure Development Corporation Limited Haryana
251 Haryana State Roads and Bridges Development Corporation Limited Haryana
252 Haryana Tourism Corporation Limited Haryana
253 Haryana Vidyut Prasaran Nigam Limited Haryana
254 Haryana Women Development Corporation Limited Haryana
255 Uttar Haryana Bijli Vitran Nigam Limited Haryana
256 Beas Valley Power Corporation Limited Himachal Pradesh
257 Himachal Backward Classes Finance and Development Corporation Himachal Pradesh
258 Himachal Pradesh Agro Industries Corporation Limited Himachal Pradesh
259 Himachal Pradesh General Industries Corporation Limited Himachal Pradesh
260 Himachal Pradesh Horticultural Produce Marketing and Processing Corporation Limited Himachal Pradesh
261 Himachal Pradesh Mahila Vikas Nigam Himachal Pradesh
262 Himachal Pradesh Minorities Finance and Development Corporation Himachal Pradesh
263 Himachal Pradesh Power Corporation Limited Himachal Pradesh
264 Himachal Pradesh Power Transmission Corporation Limited Himachal Pradesh
265 Himachal Pradesh Road and Other Infrastructure Development Corporation Limited Himachal Pradesh
266 Himachal Pradesh State Civil Supplies Corporation Limited Himachal Pradesh
267 Himachal Pradesh State Electricity Board Limited Himachal Pradesh
268 Himachal Pradesh State Electronics Development Corporation Limited Himachal Pradesh
269 Himachal Pradesh State Forest Development Corporation Limited Himachal Pradesh
270 Himachal Pradesh State Handicrafts and Handloom Corporation Limited Himachal Pradesh
271 Himachal Pradesh State Industrial Development Corporation Limited Himachal Pradesh
272 Himachal Pradesh Tourism Development Corporation Limited Himachal Pradesh
273 Chenab Valley Power Projects Private Limited (Demand Government Company) Jammu and Kashmir
274 Jammu and Kashmir Bank Limited Jammu and Kashmir
275 Jammu and Kashmir Cements Limited Jammu and Kashmir
276 Jammu and Kashmir Handicrafts (Sales and Export) Development Corporation Limited Jammu and Kashmir
277 Jammu and Kashmir Industries Limited Jammu and Kashmir
278 Jammu and Kashmir Minerals Limited Jammu and Kashmir
279 Jammu and Kashmir Police Housing Corporation Limited Jammu and Kashmir
280 Jammu and Kashmir Projects Construction Corporation Limited Jammu and Kashmir
Jammu and Kashmir Scheduled castes, Scheduled Tribes and Other Backward Classes
281 Jammu and Kashmir
Development Corporation Limited
282 Jammu and Kashmir Small Scale Industries Development Corporation Limited Jammu and Kashmir
L18 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

283 Jammu and Kashmir State Agro Industries Development Corporation Limited Jammu and Kashmir
284 Jammu and Kashmir State Cable Car Corporation Limited Jammu and Kashmir
285 Jammu and Kashmir State Handloom Development Corporation Limited Jammu and Kashmir
Jammu and Kashmir State Horticulture Produce Marketing and Processing Corporation
286 Jammu and Kashmir
Limited
287 Jammu and Kashmir State Industrial Development Corporation Limited Jammu and Kashmir
288 Jammu and Kashmir State Overseas Employment Corporation Limited Jammu and Kashmir
289 Jammu and Kashmir State Power Development Corporation Limited Jammu and Kashmir
290 Jammu and Kashmir State Tourism Development Corporation Limited Jammu and Kashmir
291 Jammu and Kashmir State Women’s Development Corporation Limited Jammu and Kashmir
292 JKB Financial Services Limited Jammu and Kashmir
293 Greater Ranchi Development Agency Limited Jharkhand
294 Jharkhand Bijli Vitran Nigam Limited Jharkhand
295 Jharkhand Hill Area Lift Irrigation Corporation Limited Jharkhand
296 Jharkhand Industrial Infrastructure Development Corporation Limited Jharkhand
297 Jharkhand Police Housing Corporation Limited Jharkhand
298 Jharkhand Silk Textile and Handicraft Development Corporation Limited Jharkhand
299 Jharkhand State Beverages Corporation Limited Jharkhand
300 Jharkhand State Food and Civil Supplies Corporation Limited Jharkhand
301 Jharkhand State Forest Development Corporation Limited Jharkhand
302 Jharkhand State Mineral Development Corporation Limited Jharkhand
303 Jharkhand State Minorities Finance Development Corporation Limited Jharkhand
304 Jharkhand Tourism Development Corporation Limited Jharkhand
305 Jharkhand Urban Infrastructure Development Corporation Limited Jharkhand
306 Jharkhand Urja Sancharan Nigam Limited Jharkhand
307 Jharkhand Urja Utpadan Nigam Jharkhand
308 Jharkhand Urja Vikas Nigam Limited Jharkhand
309 Karanpura Energy Limited Jharkhand
310 Tenughat Vidyut Nigam Limited Jharkhand
311 Bangalore Airport Rail Link Limited Karnataka
312 Bangalore Electricity Supply Company Limited Karnataka
313 Bangalore Suburban Rail Company Limited Karnataka
314 Cauvery Neeravari Nigama Limited Karnataka
315 Chamundeshwari Electricity Supply Corporation Limited Karnataka
316 D. DevarajUrs Backward Classes Development Corporation Limited Karnataka
317 Dr. Babu Jagjivan Ram Leather Industries Development Corporation Limited Karnataka
318 Dr.B.R. Ambedkar Development Corporation Limited Karnataka
319 Food Karnataka Limited Karnataka
320 Gulbarga Electricity Supply Company Limited Karnataka
321 Hubli Dharwad BRTS Company Limited Karnataka
322 Hubli Electricity Supply Company Limited Karnataka
323 Jungle Lodges and Resorts Limited Karnataka
India’s Top PSUs 2017 State PSUs Overall Listing L19

Sr No Company Name State

324 Karnataka Asset Management Company Private Limited Karnataka
325 Karnataka Cashew Development Corporation Limited Karnataka
326 Karnataka Compost Development Corporation Limited Karnataka
327 Karnataka Food and Civil Supplies Corporation Limited Karnataka
328 Karnataka Forest Development Corporation Limited Karnataka
329 Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited Karnataka
330 Karnataka Mining Environment Restoration Corporation Limited Karnataka
331 Karnataka Neeravari Nigam Limited Karnataka
332 Karnataka Power Corporation Limited Karnataka
333 Karnataka Power Transmission Corporation Limited Karnataka
334 Karnataka Public Lands Corporation Limited Karnataka
335 Karnataka Renewable Energy Development Limited Karnataka
336 Karnataka Road Development Corporation Limited Karnataka
337 Karnataka Rural Infrastructure Development Limited Karnataka
338 Karnataka Sheep and Wool Development Corporation Limited Karnataka
339 Karnataka Silk Industries Corporation Limited Karnataka
340 Karnataka Silk Marketing Board Limited Karnataka
341 Karnataka Soaps and Detergents Limited Karnataka
342 Karnataka Solar Power Development Corporation Private Limited Karnataka
343 Karnataka State Agricultural Produce Processing and Export Corporation Limited Karnataka
344 Karnataka State Agro Corn Products Limited Karnataka
345 Karnataka State Beverages Corporation Limited Karnataka
346 Karnataka State Coir Development Corporation Limited Karnataka
347 Karnataka State Construction Corporation Limited Karnataka
348 Karnataka State Electronics Development Corporation Limited Karnataka
349 Karnataka State Handicrafts Development Corporation Limited Karnataka
350 Karnataka State Industrial Infrastructure and Development Corporation Limited Karnataka
351 Karnataka State Mango Development and Marketing Corporation Limited Karnataka
352 Karnataka State Police Housing Corporation Limited Karnataka
353 Karnataka State Seeds Corporation Limited Karnataka
354 Karnataka State Small Industries Development Corporation Limited Karnataka
355 Karnataka State Textile Infrastructure Development Corporation Limited Karnataka
356 Karnataka State Women’s Development Corporation Karnataka
357 Karnataka Thanda Development Corporation Limited Karnataka
358 Karnataka Togari Abhivridhi Mandali Limited Karnataka
359 Karnataka Trustee Company Private Limited Karnataka
360 Karnataka Urban Infrastructure Development and Finance Corporation Limited Karnataka
361 Karnataka Vidyuth Karkhane Limited Karnataka
362 Karnataka Vishwakarma Community Development Corporation Limited Karnataka
363 Karnataka Vocational Training and Skill Development Corporation Limited Karnataka
364 KPC Bidadi Power Corporation Private Limited Karnataka
365 Krishna Bhagya Jala Nigam Limited Karnataka
L20 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

366 Mangalore Electricity Supply Company Limited Karnataka
367 Marketing Consultants and Agencies Limited Karnataka
368 Mysore Minerals Limited Karnataka
369 Mysore Sales International Limited Karnataka
370 NGEF (Hubli) Limited Karnataka
371 Power Company of Karnataka Limited Karnataka
372 Raichur Power Corporation Limited Karnataka
373 Rajiv Gandhi Rural Housing Corporation Limited Karnataka
374 Sree Kanteerava Studios Limited Karnataka
375 Tadadi Port Limited Karnataka
376 The Hutti Gold Mines Company Limited Karnataka
377 The Karnataka Fisheries Development Corporation Limited Karnataka
378 The Karnataka Handloom Development Corporation Limited Karnataka
379 The Karnataka Minorities Development Corporation Limited Karnataka
380 The Karnataka State Forest Industries Corporation Limited Karnataka
381 The Karnataka State Tourism Development Corporation Limited Karnataka
382 The Mysore Electrical Industries Limited Karnataka
383 The Mysore Paints and Varnish Limited Karnataka
384 The Mysore Paper Mills Limited Karnataka
385 The Mysore Sugar Company Limited Karnataka
386 Aralam Farming Corporation (Kerala) Limited Kerala
387 Ashwas Public Amenities Kerala Limited Kerala
388 Autokast Limited Kerala
389 Bekal Resorts Development Corporation Limited Kerala
390 Bhavanam Foundation Kerala Kerala
391 Clean Kerala Company Limited Kerala
392 Foam Mattings (India) Limited Kerala
393 Forest Industries (Travancore) Limited Kerala
394 Handicrafts Development Corporation of Kerala Limited Kerala
395 Indian Institute of Information Technology and Management - Kerala Kerala
396 Kanjikode Electronics and Electricals Limited Kerala
397 Kannur International Airport Limited Kerala
398 Keltron Component Complex Limited Kerala
399 Keltron Electro Ceramics Limited Kerala
400 Kerala Academy for Skills Excellence Kerala
401 Kerala Agro Machinery Corporation Limited Kerala
402 Kerala Aqua Ventures International Limited Kerala
403 Kerala Artisans Development Corporation Limited Kerala
404 Kerala Automobiles Limited Kerala
405 Kerala Clays and Ceramic Products Limited Kerala
406 Kerala Electrical and Allied Engineering Company Limited Kerala
407 Kerala Feeds Limited Kerala
India’s Top PSUs 2017 State PSUs Overall Listing L21

Sr No Company Name State

408 Kerala Forest Development Corporation Limited Kerala
409 Kerala High Speed Rail Corporation Limited Kerala
410 Kerala Irrigation Infrastructure Development Corporation Limited Kerala
411 Kerala Livestock Development Board Limited Kerala
412 Kerala Medical Services Corporation Limited Kerala
413 Kerala Police Housing and Construction Corporation Limited Kerala
414 Kerala Rapid Transit Corporation Limited (Erstwhile Kerala Monorail Corporation Limited) Kerala
415 Kerala School Teachers and Non-teaching Staff Welfare Corporation Limited Kerala
416 Kerala Shipping and Inland Navigation Corporation Limited Kerala
417 Kerala Small Industries Development Corporation Limited Kerala
418 Kerala State Bamboo Corporation Limited Kerala
419 Kerala State Beverages (Manufacturing and Marketing) Corporation Limited Kerala
420 Kerala State Coastal Area Development Corporation Limited Kerala
421 Kerala State Coconut Development Corporation Limited Kerala
422 Kerala State Coir Machinery Manufacturing Company Limited Kerala
423 Kerala State Construction Corporation Limited Kerala
Kerala State Development Corporation for Christian Converts from Scheduled Castes & the
424 Kerala
Recommended Communities Limited
425 Kerala State Development Corporation for Scheduled Castes and Scheduled Tribes Limited Kerala
426 Kerala State Drugs and Pharmaceuticals Limited Kerala
427 Kerala State Electricity Board Limited Kerala
428 Kerala State Electronics Development Corporation Limited Kerala
429 Kerala State Ex-Servicemen Development and Rehabilitation Corporation Limited Kerala
430 Kerala State Film Development Corporation Limited Kerala
431 Kerala State Handicapped Persons' Welfare Corporation Limited Kerala
432 Kerala State Handloom Development Corporation Limited Kerala
433 Kerala State Horticultural Products Development Corporation Limited Kerala
434 Kerala State Housing Development Finance Corporation Limited Kerala
435 Kerala State Industrial Development Corporation Limited Kerala
436 Kerala State Industrial Enterprises Limited Kerala
437 Kerala State Information Technology Infrastructure Limited Kerala
438 Kerala State Maritime Development Corporation Limited Kerala
439 Kerala State Mineral Development Corporation Limited Kerala
440 Kerala State Minorities Development Finance Corporation Kerala
441 Kerala State Palmyrah Products Development and Workers' Welfare Corporation Limited Kerala
442 Kerala State Poultry Development Corporation Limited Kerala
443 Kerala State Power and Infrastructure Finance Corporation Limited Kerala
444 Kerala State Textile Corporation Limited Kerala
445 Kerala State Welfare Corporation for Forward Communities Kerala
446 Kerala State Women's Development Corporation Limited Kerala
447 Kerala Tourism Development Corporation Limited Kerala
448 Kerala Tourism Infrastructure Limited Kerala
L22 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

449 Kerala Transport Development Finance Corporation Limited Kerala
450 Kerala Urban & Rural Development Finance Corporation Limited Kerala
451 KINESCO Power and Utilities Private Limited Kerala
452 Kinfra Export Promotion Industrial Parks Limited Kerala
453 Kinfra Film and Video Park Limited Kerala
454 Kinfra International Apparel Parks Limited Kerala
455 Malabar Cements Limited Kerala
456 Malabar Distilleries Limited Kerala
457 Marine Products Infrastructure Development Corporation Limited Kerala
458 Meat Products of India Limited Kerala
459 Norka Roots Kerala
460 Oil Palm India Limited Kerala
461 Overseas Development and Employment Promotion Consultants Limited Kerala
462 Pratheeksha Bus Shelters Kerala Limited Kerala
463 Road Infrastructure Company Kerala Limited Kerala
464 Roads and Bridges Development Corporation of Kerala Limited Kerala
465 SAIL- SCL Kerala Limited Kerala
466 Sitaram Textiles Limited Kerala
467 Steel and Industrial Forgings Limited Kerala
468 Steel Industrials Kerala Limited Kerala
469 The Kerala Agro Industries Corporation Limited Kerala
470 The Kerala Ceramics Limited Kerala
471 The Kerala Land Development Corporation Limited Kerala
472 The Kerala Minerals and Metals Limited Kerala
473 The Kerala State Backward Classes Development Corporation Limited Kerala
474 The Kerala State Cashew Development Corporation Limited Kerala
475 The Kerala State Civil Supplies Corporation Limited Kerala
476 The Kerala State Coir Corporation Limited Kerala
477 The Kerala State Financial Enterprises Limited Kerala
478 The Metal Industries Limited Kerala
479 The Pharmaceutical Corporation (Indian Medicines) Kerala Limited Kerala
480 The Plantation Corporation of Kerala Limited Kerala
481 The Rehabilitation Plantations Limited Kerala
482 The State Farming Corporation of Kerala Limited Kerala
483 The Travancore Cements Limited Kerala
484 The Travancore Sugars and Chemicals Limited Kerala
485 The Travancore-Cochin Chemicals Limited Kerala
486 Traco Cable Company Limited Kerala
487 Transformers and Electricals Kerala Limited Kerala
488 Travancore Titanium Products Limited Kerala
489 Trivandrum Engineering Science & Technology Research Park Kerala
490 Trivandrum Spinning Mills Limited Kerala
India’s Top PSUs 2017 State PSUs Overall Listing L23

Sr No Company Name State

491 United Electrical Industries Limited Kerala
492 Vazhakulam Agro and Fruit Processing Company Limited Kerala
493 Vision Varkala Infrastructure Development Corporation Limited Kerala
494 Vizhinjam International Seaport Limited Kerala
495 Atal Indore City Transport Services Limited Madhya Pradesh
496 Bansagar Thermal Power Company Limited Madhya Pradesh
497 Bhopal City Link Limited Madhya Pradesh
498 Crystal I.T. Park Indore Limited Madhya Pradesh
499 Dada Dhuniwale Khandwa Power Limited Madhya Pradesh
500 Industrial Infrastructure Development Corporation (Gwalior) M.P. Limited Madhya Pradesh
501 Jabalpur City Transport Services Limited Madhya Pradesh
502 Katni City Transport Services Limited Madhya Pradesh
503 M.P. Audyogik Kendra Vikas Nigam (Bhopal) Limited Madhya Pradesh
504 M.P. Audyogik Kendra Vikas Nigam (Jabalpur) Limited Madhya Pradesh
505 M.P. Audyogik Kendra Vikas Nigam (Rewa) Limited Madhya Pradesh
506 M.P. Audyogik Kendra Vikas Nigam (Sagar) Limited Madhya Pradesh
507 M.P. Audyogik Kendra Vikas Nigam (Ujjain) Limited Madhya Pradesh
508 M.P. Audyogik Kendra Vikas Nigam(Indore) Limited Madhya Pradesh
509 M.P. Power Management Company Limited Madhya Pradesh
510 M.P. Sainik Coal Mining Private Limited Madhya Pradesh
511 M.P. Trade and Investment Facilitation Corporation Limited Madhya Pradesh
512 Madhya Pradesh Adivasi Vitta Evam Vikas Nigam Limited Madhya Pradesh
513 Madhya Pradesh Jal Nigam Maryadit Madhya Pradesh
514 Madhya Pradesh Jaypee Minerals Limited Madhya Pradesh
515 Madhya Pradesh Laghu Udyog Nigam Limited Madhya Pradesh
516 Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited Madhya Pradesh
517 Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited Madhya Pradesh
518 Madhya Pradesh Pichhara Varg Tatha Alpsankhyak Vitta Evam Vikas Nigam Limited Madhya Pradesh
519 Madhya Pradesh Plastic Park Development Corporation Limited Madhya Pradesh
520 Madhya Pradesh Police Housing Corporation Limited Madhya Pradesh
521 Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited Madhya Pradesh
522 Madhya Pradesh Power Generating Company Limited Madhya Pradesh
523 Madhya Pradesh Power Transmission Company Limited Madhya Pradesh
524 Madhya Pradesh Rajya Van Vikas Nigam Limited Madhya Pradesh
525 Madhya Pradesh Road Development Corporation Limited Madhya Pradesh
526 Madhya Pradesh State Agro Industries Development Corporation Limited Madhya Pradesh
527 Madhya Pradesh State Civil Supplies Corporation Limited Madhya Pradesh
528 Madhya Pradesh State Electronics Development Corporation Limited Madhya Pradesh
529 Madhya Pradesh State Industrial Development Corporation Limited Madhya Pradesh
530 Madhya Pradesh State Mining Corporation Limited Madhya Pradesh
531 Madhya Pradesh State Tourism Development Corporation Limited Madhya Pradesh
532 Madhya Pradesh UrjaVikas Nigam Limited Madhya Pradesh
L24 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

533 Madhya Pradesh VikramUdyogpuri (Ujjain) Limited Madhya Pradesh
534 MP AMRL (Bicharpur) Coal Company Limited Madhya Pradesh
535 MP AMRL (Marki Barka) Coal Company Limited Madhya Pradesh
536 MP AMRL (Morga) Coal Company Limited Madhya Pradesh
537 MP AMRL (Semaria) Coal Company Limited Madhya Pradesh
538 MP Jay Pee Coal fields Limited Madhya Pradesh
539 MP Jaypee Coal Limited Madhya Pradesh
540 MP Monnet Mining Company Limited Madhya Pradesh
541 Narmada Basin Projects Company Limited Madhya Pradesh
542 Pithampur Auto Cluster Limited Madhya Pradesh
543 Pithampur Jal Prabandhan Company Limited Madhya Pradesh
544 SantRavidas Madhya Pradesh HasthaShilpEvam Hath KarghaVikas Nigam Limited Madhya Pradesh
545 SEZ Indore Limited Madhya Pradesh
546 Shahpura Thermal Power Company Limited Madhya Pradesh
547 Shri Singaji Power Project Limited Madhya Pradesh
548 The Provident Investment Company Limited Madhya Pradesh
549 Ujjain City Transport Services Limited Madhya Pradesh
550 Annasaheb Patil Arthik Magas Vikas Mahamandal Maryadit Maharashtra
551 Aurangabad Industrial Township Limited Maharashtra
552 Aurangabad Power Company Limited Maharashtra
553 City & Industrial Development Corporation of Maharashtra Limited Maharashtra
554 Development Corporation of Konkan Limited Maharashtra
555 Dhopave Coastal Power Limited Maharashtra
556 Forest Development Corporation of Maharashtra Limited Maharashtra
557 Haffkine Ajintha Pharmaceuticals Limited Maharashtra
558 Haffkine Bio-Pharmaceutical Corporation Limited Maharashtra
559 Kolhapur Chitranagri Mahamandal Limited Maharashtra
560 Krupanidhi Limited Maharashtra
561 Maha Tamil Collieries Limited Maharashtra
562 Mahagenco Ash Management Services Limited Maharashtra
563 Mahaguj Collieries Limited Maharashtra
564 Maharashtra Agro Industries Development Corporation Limited Maharashtra
565 Maharashtra Airport Development Company Limited Maharashtra
566 Maharashtra Co-operative Development Corporation Limited Maharashtra
567 Maharashtra Ex-Servicemen Corporation Limited Maharashtra
568 Maharashtra Film, Stage and Cultural Development Corporation Limited Maharashtra
569 Maharashtra Fisheries Development Corporation Limited Maharashtra
570 Maharashtra Insecticides Limited Maharashtra
571 Maharashtra Patbandhare Vittiya Company Limited Maharashtra
572 Maharashtra Petrochemicals Corporation Limited Maharashtra
573 Maharashtra Power Development Corporation Limited Maharashtra
574 Maharashtra Rajya Itar Magas Vargiya Vitta Ani Vikas Mahamandal Limited Maharashtra
India’s Top PSUs 2017 State PSUs Overall Listing L25

Sr No Company Name State

575 Maharashtra Small Scale Industries Development Corporation Limited Maharashtra
576 Maharashtra State Electricity Distribution Company Limited Maharashtra
577 Maharashtra State Electricity Transmission Company Limited Maharashtra
578 Maharashtra State Farming Corporation Limited Maharashtra
579 Maharashtra State Handicapped Finance and Development Corporation Limited Maharashtra
580 Maharashtra State Handlooms Corporation Limited Maharashtra
581 Maharashtra State Mining Corporation Limited Maharashtra
582 Maharashtra State Police Housing and Welfare Corporation Limited Maharashtra
583 Maharashtra State Power Generation Company Limited Maharashtra
584 Maharashtra State Powerlooms Corporation Limited Maharashtra
585 Maharashtra State Road Development Corporation Limited Maharashtra
586 Maharashtra State Seeds Corporation Limited Maharashtra
587 Maharashtra Tourism Development Corporation Limited Maharashtra
588 Maharashtra Urban Infrastructure Development Company Limited Maharashtra
589 Maharashtra Urban Infrastructure Fund Trustee Company Limited Maharashtra
590 Maharashtra Vikrikar Rokhe Pradhikaran Limited Maharashtra
591 Mahatma Phule Backward Class Development Corporation Limited Maharashtra
592 Mahatourism Corporation Limited Maharashtra
593 Mahila Arthik Vikas Mahamandal Maharashtra
594 Maulana Azad Alpasankyak Arthik Vikas Mahamandal Limited Maharashtra
595 Mihan India Limited Maharashtra
596 MSEB Holding Company Limited Maharashtra
597 MSMC Adkoli Natural Resources Limited Maharashtra
598 MSMC Warora Collieries Limited Maharashtra
599 Nagpur Flying Club Private Limited Maharashtra
600 Nagpur Mass Transport Company Private Limited Maharashtra
601 Pune Smart City Development Corporation Limited Maharashtra
602 Punyashloka Ahilyadevi Maharashtra Mendi Va Sheli Vikas Mahamandal Limited Maharashtra
603 Sahitya Ratna Lokshahir Annabhau Sathe Development Corporation Limited Maharashtra
604 Sant Rohidas Leather Industries and Charmakar Development Corporation Limited Maharashtra
605 Shabari Adivasi Vitta Va Vikas Mahamandal Maryadit Maharashtra
606 Shamrao Peje Kokan Itar Magasvarg Aarthik Vikas Mahamandal Limited Maharashtra
607 Shivshahi Punarvasan Prakalp Limited Maharashtra
608 Solapur City Development Corporation Limited Maharashtra
609 Vasantrao Naik Vimukta Jatis & Nomadic Tribes Development Corporation Limited Maharashtra
610 Western Maharashtra Development Corporation Limited Maharashtra
611 Forest Development Corporation of Meghalaya Limited Meghalaya
612 Mawmluh Cherra Cement Limited Meghalaya
613 Meghalaya Bamboo Chips Limited Meghalaya
614 Meghalaya Basin Management Agency Meghalaya
615 Meghalaya Energy Corporation Limited Meghalaya
616 Meghalaya Government Construction Corporation Limited Meghalaya
L26 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

617 Meghalaya Handloom & Handicrafts Development Corporation Limited Meghalaya
618 Meghalaya Industrial Development Corporation Limited Meghalaya
619 Meghalaya Infrastructure Development and Finance Corporation Limited Meghalaya
620 Meghalaya Mineral Development Corporation Limited Meghalaya
621 Meghalaya Power Distribution Corporation Limited Meghalaya
622 Meghalaya Power Generation Corporation Limited Meghalaya
623 Meghalaya Power Transmission Corporation Limited Meghalaya
624 Meghalaya Tourism Development Corporation Limited Meghalaya
625 Mizoram Agricultural Marketing Corporation Limited Mizoram
626 Mizoram Food and Allied Industries Corporation Limited Mizoram
627 Mizoram Handloom And Handicrafts Development Corporation Limited Mizoram
628 Zoram Electronics Development Corporation Limited Mizoram
629 Zoram Industrial Development Corporation Limited Mizoram
630 Nagaland Handloom & Handicrafts Development Corporation Limited Nagaland
631 Nagaland Hotels Limited Nagaland
632 Nagaland Industrial Development Corporation Limited Nagaland
633 Nagaland Industrial Raw Materials Supply Corporation Limited Nagaland
634 Nagaland State Mineral Development Corporation Limited Nagaland
635 Baitarani West Coal Company Limited Odisha
636 Green Energy Development Corporation of Odisha Limited Odisha
637 GRIDCO Limited Odisha
638 IDCOL Ferro Chrome & Alloys Limited Odisha
639 IDCOL Kalinga Iron Works Limited Odisha
640 IDCOL Software Limited Odisha
641 Kalinga Bidyut Prasaran Nigam Private Limited Odisha
642 Kalinga Studios Limited Odisha
643 Konark Jute Limited Odisha
644 Lanjigarah Project Area Development Foundation Odisha
645 Odisha Bridge and Construction Corporation Limited Odisha
646 Odisha Construction Corporation Limited Odisha
647 Odisha Forest Development Corporation Limited Odisha
648 Odisha Hydro Power Corporation Limited Odisha
649 Odisha Lift Irrigation Corporation Limited Odisha
650 Odisha Pisciculture Development Corporation Limited Odisha
651 Odisha Power Generation Corporation Limited Odisha
652 Odisha Power Transmission Corporation Limited Odisha
653 Odisha State Beverages Corporation Limited Odisha
654 Odisha State Cashew Development Corporation Limited Odisha
655 Odisha State Civil Supplies Corporation Limited Odisha
656 Odisha State Seeds Corporation Limited Odisha
657 Odisha Thermal Power Corporation Limited Odisha
658 Odisha Tourism Development Corporation Limited Odisha
India’s Top PSUs 2017 State PSUs Overall Listing L27

Sr No Company Name State

659 Orissa Rural Housing and Development Corporation Limited Odisha
660 The Agricultural Promotion and Investment Corporation of Odisha limited Odisha
661 The Industrial Development Corporation of Odisha Limited Odisha
662 The Industrial Promotion and Investment Corporation of Odisha Limited Odisha
663 The Odisha Agro Industries Corporation Limited Odisha
664 The Odisha Film Development Corporation Limited Odisha
665 The Odisha Mining Corporation Limited Odisha
666 The Odisha Small Industries Corporation Limited Odisha
667 The Odisha State Police Housing and Welfare Corporation Limited Odisha
668 Pondicherry Industrial Promotion Development and Investment Corporation Limited Puducherry
669 Pondicherry Textile Corporation Limited Puducherry
670 Puducherry Adi-Dravidar Development Corporation Limited Puducherry
671 Puducherry Agro Products, Food and Civil Supplies Corporation Limited Puducherry
672 Puducherry Agro Service and Industries Corporation Limited Puducherry
673 Puducherry Backward Classes and Minorities Development Corporation Limited Puducherry
Puducherry Corporation for the Development of Women and Differently Abled Persons
674 Puducherry
Limited
675 Puducherry Distilleries Limited Puducherry
676 Puducherry Power Corporation Limited Puducherry
677 Puducherry Road Transport Corporation Limited Puducherry
678 Puducherry Tourism Development Corporation Limited Puducherry
679 Swadeshee-Bharathee Textile Mills Limited Puducherry
680 Gidderbaha Power Limited Punjab
681 Greater Mohali City Bus Services Limited Punjab
682 Gulmohar Tourist Complex (Holiday Home) Limited Punjab
683 Punjab Agri Export Corporation Limited Punjab
684 Punjab Agro Foodgrains Corporation Limited Punjab
685 Punjab Agro Industries Corporation Limited Punjab
686 Punjab Agro Juices Limited Punjab
687 Punjab Agro Power Corporation Limited Punjab
688 Punjab Communications Limited Punjab
689 Punjab Genco Limited Punjab
690 Punjab Information & Communication Technology Corporation Limited Punjab
691 Punjab Municipal Infrastructure Development Company Punjab
692 Punjab Police Housing Corporation Limited Punjab
693 Punjab Police Security Corporation Limited Punjab
694 Punjab Small Industries and Export Corporation Limited Punjab
695 Punjab State Bus Stand Management Company Limited Punjab
696 Punjab State Civil Supplies Corporation Limited Punjab
697 Punjab State Container and Warehousing Corporation Limited Punjab
698 Punjab State Forest Development Corporation Limited Punjab
699 Punjab State Grains Procurement Corporation Limited Punjab
L28 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

700 Punjab State Industrial Development Corporation Limited Punjab
701 Punjab State Power Corporation Limited Punjab
702 Punjab State Seeds Corporation Limited Punjab
703 Punjab State Transmission Corporation Limited Punjab
704 Punjab Thermal Generation Limited Punjab
705 Punjab Tourism Development Corporation Limited Punjab
706 Punjab Water Resource Management & Development Corporation Limited Punjab
707 Ajmer Vidyut Vitran Nigam Limited Rajasthan
708 Banswara Thermal Power Company Limited Rajasthan
709 Barmer Lignite Mining Company Limited Rajasthan
710 Barmer Thermal Power Company Limited Rajasthan
711 Bikaner City Transport Services Limited Rajasthan
712 Chhabra Power Limited Rajasthan
713 Dholpur Gas Power Limited Rajasthan
714 Giral Lignite Power Limited Rajasthan
715 Jaipur City Transport Services Limited Rajasthan
716 Jaipur Metro Rail Corporation Limited Rajasthan
717 Jaipur Smart City Limited Rajasthan
718 Jaipur Vidyut Vitran Nigam Limited Rajasthan
719 Jodhpur Bus Services Limited Rajasthan
720 Jodhpur Vidyut Vitran Nigam Limited Rajasthan
721 Keshoraipatan Gas Thermal Power Company Limited Rajasthan
722 Kota Bus Services Limited Rajasthan
723 Kota City Transport Services Limited Rajasthan
724 Rajasthan Civil Aviation Corporation Limited Rajasthan
725 Rajasthan Ex-Servicemen Corporation Limited Rajasthan
726 Rajasthan Medical Services Corporation Limited Rajasthan
727 Rajasthan Police Housing & Construction Corporation Limited Rajasthan
728 Rajasthan Rajya Vidyut Prasaran Nigam Limited Rajasthan
729 Rajasthan Rajya Vidyut Utpadan Nigam Limited Rajasthan
730 Rajasthan Rajya Vidyut Vitran Vitta Nigam Limited Rajasthan
731 Rajasthan Renewable Energy Corporation Limited Rajasthan
732 Rajasthan Skill and Livelihoods Development Corporation Rajasthan
733 Rajasthan Solarpark Development Company Limited Rajasthan
734 Rajasthan State Beverages Corporation Limited Rajasthan
735 Rajasthan State Food & Civil Supplies Corporation Limited Rajasthan
736 Rajasthan State Ganganagar Sugar Mills Limited Rajasthan
737 Rajasthan State Gas Limited Rajasthan
738 Rajasthan State Handloom Development Corporation Limited Rajasthan
739 Rajasthan State Hotels Corporation Limited Rajasthan
740 Rajasthan State Industrial Development and Investment Corporation Limited Rajasthan
741 Rajasthan State Mines and Minerals Limited (Government Company since December 1974) Rajasthan
India’s Top PSUs 2017 State PSUs Overall Listing L29

Sr No Company Name State

742 Rajasthan State Petroleum Corporation Limited Rajasthan
743 Rajasthan State Power Finance & Financial Services Corporation Limited Rajasthan
744 Rajasthan State Road Development and Construction Corporation Limited Rajasthan
745 Rajasthan State Seeds Corporation Limited Rajasthan
746 Rajasthan Tourism Development Corporation Limited Rajasthan
747 Rajasthan Urban Drinking Water Sewerage and Infrastructure Corporation Limited Rajasthan
748 Rajasthan Urja Vikas Nigam Limited Rajasthan
749 RajCOMP Info Services Limited Rajasthan
750 The Rajasthan Small Industries Corporation Limited Rajasthan
751 Udaipur City Transport Services Limited Rajasthan
752 Udaipur Smart City Limited Rajasthan
Schedule Caste, Schedule Tribe and Other Backward Classes Development Corporation
753 Sikkim
Limited
754 Sikkim Hatcheries Limited Sikkim
755 Sikkim Industrial Development and Investment Corporation Limited Sikkim
756 Sikkim Livestock Processing and Development Corporation Sikkim
757 Sikkim Poultry Development Corporation Limited Sikkim
758 Sikkim Power Development Corporation Limited Sikkim
759 Sikkim Power Investment Corporation Limited Sikkim
760 Sikkim Tourism Development Corporation Sikkim
761 Teesta Urja Limited Sikkim
762 Teestavalley Power Transmission Limited Sikkim
763 Adyar Poonga Tamil Nadu
764 Arasu Cable TV Corporation Limited Tamil Nadu
765 Arasu Rubber Corporation Limited Tamil Nadu
766 Electronics Corporation of Tamil Nadu Limited Tamil Nadu
767 Guindy Industrial Estate Infrastructure Upgradation Company Tamil Nadu
768 IT Expressway Tamil Nadu
769 Metropolitan Transport Corporation Limited Tamil Nadu
770 Nilakottai Food Park Limited Tamil Nadu
771 Overseas Manpower Corporation Limited Tamil Nadu
772 Pallavan Transport Consultancy Services Limited Tamil Nadu
773 Perambalur Sugar Mills Limited Tamil Nadu
774 Poompuhar Shipping Corporation Limited Tamil Nadu
775 State Express Transport Corporation Limited Tamil Nadu
776 State Industries Promotion Corporation of Tamil Nadu Limited Tamil Nadu
777 Tamil Nadu Adi-dravidar Housing and Development Corporation Limited Tamil Nadu
778 Tamil Nadu Backward Classes Economic Development Corporation Limited Tamil Nadu
779 Tamil Nadu Cements Corporation Limited Tamil Nadu
780 Tamil Nadu Civil Supplies Corporation Limited Tamil Nadu
781 Tamil Nadu Corporation for Development of Women Limited Tamil Nadu
782 Tamil Nadu Ex-servicemen’s Corporation Limited Tamil Nadu
L30 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

783 Tamil Nadu Fisheries Development Corporation Limited Tamil Nadu
784 Tamil Nadu Forest Plantation Corporation Limited Tamil Nadu
785 Tamil Nadu Generation and Distribution Corporation Limited Tamil Nadu
786 Tamil Nadu Handicrafts Development Corporation Limited Tamil Nadu
787 Tamil Nadu Handloom Development Corporation Limited Tamil Nadu
788 Tamil Nadu Industrial Development Corporation Limited Tamil Nadu
789 Tamil Nadu Industrial Explosives Limited Tamil Nadu
790 Tamil Nadu Industrial Investment Corporation Limited Tamil Nadu
791 Tamil Nadu Magnesite Limited Tamil Nadu
792 Tamil Nadu Medical Services Corporation Limited Tamil Nadu
793 Tamil Nadu Medicinal Plant Farms and Herbal Medicine Corporation Limited Tamil Nadu
794 Tamil Nadu Minerals Limited Tamil Nadu
795 Tamil Nadu Minorities Economic Development Corporation Limited Tamil Nadu
796 Tamil Nadu Newsprint and Papers Limited Tamil Nadu
797 Tamil Nadu Paints and Allied Products Limited Tamil Nadu
798 Tamil Nadu Police Housing Corporation Limited Tamil Nadu
799 Tamil Nadu Power Finance and Infrastructure Development Corporation Limited Tamil Nadu
800 Tamil Nadu Road Development Company Limited Tamil Nadu
801 Tamil Nadu Road Infrastructure Development Corporation Tamil Nadu
802 Tamil Nadu Rural Housing and Infrastructure Development Corporation Limited Tamil Nadu
803 Tamil Nadu Salt Corporation Limited Tamil Nadu
804 Tamil Nadu Skill Development Corporation Limited Tamil Nadu
805 Tamil Nadu Small Industries Corporation Limited Tamil Nadu
806 Tamil Nadu Small Industries Development Corporation Limited Tamil Nadu
807 Tamil Nadu State Marketing Corporation Limited Tamil Nadu
808 Tamil Nadu State Transport Corporation (Coimbatore) Limited Tamil Nadu
809 Tamil Nadu State Transport Corporation (Kumbakonam) Limited Tamil Nadu
810 Tamil Nadu State Transport Corporation (Madurai) Limited Tamil Nadu
811 Tamil Nadu State Transport Corporation (Salem) Limited Tamil Nadu
812 Tamil Nadu State Transport Corporation (Tirunelveli) Limited Tamil Nadu
813 Tamil Nadu State Transport Corporation (Villupuram) Limited Tamil Nadu
814 Tamil Nadu Sugar Corporation Limited Tamil Nadu
815 Tamil Nadu Tea Plantation Corporation Limited Tamil Nadu
816 Tamil Nadu Textiles Corporation Limited Tamil Nadu
817 Tamil Nadu Tourism Development Corporation Limited Tamil Nadu
818 Tamil Nadu Transmission Corporation Limited Tamil Nadu
819 Tamil Nadu Transport Development Finance Corporation Limited Tamil Nadu
820 Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited Tamil Nadu
821 Tamil Nadu Zari Limited Tamil Nadu
822 TICEL Bio Park Limited Tamil Nadu
823 TIDEL Park Coimbatore Limited Tamil Nadu
824 TIDEL Park Limited Tamil Nadu
India’s Top PSUs 2017 State PSUs Overall Listing L31

Sr No Company Name State

825 TNEB Limited Tamil Nadu
826 Udangudi Power Corporation Limited Tamil Nadu
827 Andhra Pradesh Film, Television and Theatre Development Corporation Limited Telangana
828 APMDC-SCCL Suliyari Coal Company Limited Telangana
829 Damodara Minerals Private Limited Telangana
830 E-City Manufacturing Cluster Limited Telangana
831 Fab City SPV (India) Private Limited Telangana
832 Hyderabad Growth Corridor Limited Telangana
833 Hyderabad Metro Rail Limited Telangana
834 Maheshwaram Science Park Limited Telangana
835 Northern Power Distribution Company of Telangana Limited Telangana
836 Pashamylaram Textiles Park Telangana
837 Southern Power Distribution Company of Telangana Limited Telangana
838 Telangana Aviation Corporation Limited Telangana
839 Telangana Drinking Water Supply Corporation Limited Telangana
840 Telangana New & Renewable Energy Development Corporation Limited Telangana
841 Telangana Overseas Manpower Company Limited Telangana
842 Telangana Power Finance Corporation Limited Telangana
843 Telangana Power Generation Corporation Limited Telangana
844 Telangana State Agro Industries Development Corporation Limited Telangana
845 Telangana State Beverages Corporation Limited Telangana
846 Telangana State Christian Minorities Finance Corporation Limited Telangana
847 Telangana State Civil Supplies Corporation Limited Telangana
848 Telangana State Forest Development Corporation Limited Telangana
849 Telangana State Handicrafts Development Corporation Limited Telangana
850 Telangana State Housing Corporation Limited Telangana
851 Telangana State Industrial Development Corporation Limited Telangana
852 Telangana State Industrial Infrastructure Corporation Limited Telangana
853 Telangana State Irrigation Development Corporation Limited Telangana
854 Telangana State Leather Industries Promotion Corporation Limited Telangana
855 Telangana State Mineral Development Corporation Limited Telangana
856 Telangana State Minorities Finance Corporation Limited Telangana
857 Telangana State Police Housing Corporation Limited Telangana
858 Telangana State Seeds Development Corporation Limited Telangana
859 Telangana State Technology Services Limited Telangana
860 Telangana State Tourism Development Corporation Limited Telangana
861 Telangana State Trade Promotion Corporation Limited Telangana
862 Telangana Urban Finance Industrial Infrastructure Corporation Limited Telangana
863 The Singareni Collieries Company Limited Telangana
864 Transmission Corporation of Telangana Limited Telangana
865 Tripura Forest Development & Plantation Corporation Limited Tripura
866 Tripura Handloom and Handicrafts Development Corporation Limited Tripura
L32 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

867 Tripura Horticulture Corporation Limited Tripura
868 Tripura Industrial Development Corporation Limited Tripura
869 Tripura Jute Mills Limited Tripura
870 Tripura Natural Gas Company Limited Tripura
871 Tripura Rehabilitation Plantation Corporation Limited Tripura
872 Tripura Small Industries Corporation Limited Tripura
873 Tripura State Electricity Corporation Limited Tripura
874 Tripura Tea Development Corporation Limited Tripura
875 Tripura Tourism Development Corporation Limited Tripura
876 Tripura Urban Transport Company Limited Tripura
877 Agra, Mathura City Transport Services Limited Uttar Pradesh
878 Allahabad City Transport Services Limited Uttar Pradesh
879 Almora Magnesite Limited Uttar Pradesh
880 Dakshinanchal Vidyut Vitaran Nigam Limited Uttar Pradesh
881 Jawaharpur Vidyut Utpadan Nigam Limited Uttar Pradesh
882 Kanpur City Transport Services Limited Uttar Pradesh
883 Kanpur Electricity Supply Company Limited Uttar Pradesh
884 Lucknow City Transport Services Limited Uttar Pradesh
885 Lucknow Metro Rail Corporation Limited Uttar Pradesh
886 Madhyanchal VidyutVitaran Nigam Limited Uttar Pradesh
887 Meerut City Transport Services Limited Uttar Pradesh
888 Noida Metro Rail Corporation Limited Uttar Pradesh
889 Paschimanchal Vidyut Vitaran Nigam Limited Uttar Pradesh
890 Purvanchal Vidyut Vitaran Nigam Limited Uttar Pradesh
891 Shreetron India Limited Uttar Pradesh
892 Sonebhadra Power Generation Company Limited Uttar Pradesh
893 The Pradeshiya Industrial and Investment Corporation of UP Limited Uttar Pradesh
894 U.P State Construction & Infrastructure Development Corporation Limited Uttar Pradesh
895 U.P. Projects Corporation Limited Uttar Pradesh
896 U.P. Purva Sainik Kalyan Nigam Limited Uttar Pradesh
897 U.P. State Industrial Development Corporation Limited Uttar Pradesh
898 U.P.Electronics Corporation Limited Uttar Pradesh
899 UCM Coal Company Limited Uttar Pradesh
900 UPSIDC Power Company Limited Uttar Pradesh
901 Uptron Powertronics Limited Uttar Pradesh
902 Uttar Pradesh (Madhya) Ganna Beej EvamVikas Nigam Limited Uttar Pradesh
903 Uttar Pradesh (Paschim) Ganna Beej EvamVikas Nigam Limited Uttar Pradesh
904 Uttar Pradesh Alpsankhyak Vittya Avam Vikas Nigam Limited Uttar Pradesh
905 Uttar Pradesh Beej Vikas Nigam Limited Uttar Pradesh
906 Uttar Pradesh Bhumi Sudhar Nigam Uttar Pradesh
907 Uttar Pradesh Development Systems Corporation Limited Uttar Pradesh
908 Uttar Pradesh Drugs and Pharmaceuticals Limited Uttar Pradesh
India’s Top PSUs 2017 State PSUs Overall Listing L33

Sr No Company Name State

909 Uttar Pradesh Food and Essential Commodities Corporation Limited Uttar Pradesh
910 Uttar Pradesh Handicraft & Marketing Development Corporation Limited Uttar Pradesh
911 Uttar Pradesh Jal Vidyut Nigam Limited Uttar Pradesh
912 Uttar Pradesh MahilaKalyan Nigam Limited Uttar Pradesh
913 Uttar Pradesh MatsyaVikas Nigam Limited Uttar Pradesh
914 Uttar Pradesh Pichhara Varg Vitta Evam Vikas Nigam Limited Uttar Pradesh
915 Uttar Pradesh Police Avas Nigam Limited Uttar Pradesh
916 Uttar Pradesh Power Corporation Limited Uttar Pradesh
917 Uttar Pradesh Power Transmission Corporation Limited Uttar Pradesh
918 Uttar Pradesh Rajkiya Nirman Nigam Limited Uttar Pradesh
919 Uttar Pradesh Rajya Chini Avam Ganna Vikas Nigam Limited Uttar Pradesh
920 Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited Uttar Pradesh
921 Uttar Pradesh Scheduled Castes Finance and Development Corporation Limited Uttar Pradesh
922 Uttar Pradesh Small Industries Corporation Limited Uttar Pradesh
923 Uttar Pradesh State Agro Industrial Corporation Limited Uttar Pradesh
924 Uttar Pradesh State Bridge Corporation Limited Uttar Pradesh
925 Uttar Pradesh State Handloom Corporation Limited Uttar Pradesh
926 Uttar Pradesh State Leather Development and Marketing Corporation Limited Uttar Pradesh
927 Uttar Pradesh State Spinning Company Limited Uttar Pradesh
928 Uttar Pradesh State Sugar Corporation Limited Uttar Pradesh
929 Uttar Pradesh State Tourism Development Corporation Limited Uttar Pradesh
930 Uttar Pradesh State Yarn Company Limited Uttar Pradesh
931 Uttar Pradesh Waqf Vikas Nigam Limited Uttar Pradesh
932 Varanasi City Transport Services Limited Uttar Pradesh
933 Yamuna Power Generation Corporation Limited Uttar Pradesh
934 Doiwala Sugar Company Limited Uttarakhand
935 Garhwal Anusuchit Janjati Vikas Nigam Limited Uttarakhand
936 Garhwal Mandal Vikas Nigam Limited Uttarakhand
937 Kichha Sugar Company Limited Uttarakhand
938 Kumaon Anusuchit Janjati Vikas Nigam Limited Uttarakhand
939 Kumaon Mandal Vikas Nigam Limited Uttarakhand
940 Power Transmission Corporation of Uttarakhand Limited Uttarakhand
941 State Industrial Development Corporation of Uttarakhand Limited Uttarakhand
942 Trans cables Limited Uttarakhand
943 Uttar Pradesh Digitals Limited Uttarakhand
944 Uttar Pradesh Hill Electronics Corporation Limited Uttarakhand
945 Uttarakhand Bahudeshia Vitta Evam Vikas Nigam Limited Uttarakhand
946 Uttarakhand Jal Vidhyut Nigam Limited Uttarakhand
947 Uttarakhand Power Corporation Limited Uttarakhand
948 Uttarakhand Project Development and Construction Corporation Limited Uttarakhand
949 Uttarakhand Purva Sainik Kalyan Udham Limited Uttarakhand
950 Uttarakhand Seed & Tarai Development Corporation Limited Uttarakhand
L34 State PSUs Overall Listing India’s Top PSUs 2017

Sr No Company Name State

951 Uttarakhand State Infrastructure Development Corporation Limited Uttarakhand
952 Basumati Corporation Limited West Bengal
953 Britannia Engineering Limited West Bengal
954 Durgapur Chemicals Limited West Bengal
955 Eastern Distilleries and Chemicals Limited West Bengal
956 Gluconate Health Limited West Bengal
957 Greater Calcutta Gas Supply Corporation Limited West Bengal
958 Haldia Petrochemicals Limited West Bengal
959 Mackintosh Burn Limited West Bengal
960 Mayurakshi Cotton Mills (1990) Limited West Bengal
961 National Iron and Steel Company (1984) Limited West Bengal
962 Neo Pipes and Tubes Company Limited West Bengal
963 New Town Electric Supply Company Limited West Bengal
964 New Town Telecom Infrastructure Development Company Limited West Bengal
965 Paschimbanga Agri Marketing Corporation Limited West Bengal
966 Saraswaty Press Limited West Bengal
967 Silpabarta Printing Press Limited West Bengal
968 Sundarban Infrastructure Development Corporation Limited West Bengal
969 The Calcutta Tramways Company (1978) Limited West Bengal
970 The Durgapur Projects Limited West Bengal
971 The Electro Medical and Allied Industries Limited West Bengal
972 The Shalimar Works (1980) Limited West Bengal
973 The State Fisheries Development Corporation Limited West Bengal
974 The West Bengal Power Development Corporation Limited West Bengal
975 The West Bengal Small Industries Development Corporation Limited West Bengal
976 Webel Electronic Communication Systems Limited West Bengal
977 Webel Informatics Limited West Bengal
978 Webel Mediatronics Limited West Bengal
979 Webel Technology Limited West Bengal
980 Webel Venture Capital Limited West Bengal
981 WEBFIL Limited West Bengal
982 West Bengal Agro Industries Corporation Limited West Bengal
983 West Bengal Dairy and Poultry Development Corporation Limited West Bengal
984 West Bengal Electronics Industry Development Corporation Limited West Bengal
985 West Bengal Essential Commodities Supply Corporation Limited West Bengal
986 West Bengal Film Development Corporation Limited West Bengal
987 West Bengal Fisheries Corporation Limited West Bengal
988 West Bengal Forest Development Corporation Limited West Bengal
989 West Bengal Green Energy Development Corporation Limited West Bengal
990 West Bengal Handicrafts Development Corporation Limited West Bengal
991 West Bengal Highway Development Corporation Limited West Bengal
992 West Bengal Housing Infrastructure Development Corporation Limited West Bengal
India’s Top PSUs 2017 State PSUs Overall Listing L35

Sr No Company Name State

993 West Bengal Industrial Development Corporation Limited West Bengal
994 West Bengal Infrastructure Development Finance Corporation Limited West Bengal
995 West Bengal Livestock Development Corporation Limited West Bengal
996 West Bengal Medical Services Corporation Limited West Bengal
997 West Bengal Mineral Development and Trading Corporation Limited West Bengal
998 West Bengal Pharmaceutical and Phytochemical Development Corporation Limited West Bengal
999 West Bengal Police Housing & Infrastructure Development Corporation Limited West Bengal
1000 West Bengal State Electricity Distribution Company Limited West Bengal
1001 West Bengal State Electricity Transmission Company Limited West Bengal
1002 West Bengal State Food Processing and Horticulture Development Corporation Limited West Bengal
1003 West Bengal State Minor Irrigation Corporation Limited West Bengal
1004 West Bengal State Seed Corporation Limited West Bengal
1005 West Bengal Surface Transport Corporation Limited West Bengal
1006 West Bengal Swarojgar Corporation Limited West Bengal
1007 West Bengal Tea Development Corporation Limited West Bengal
1008 West Bengal Text Book Corporation (P) Limited West Bengal
1009 West Bengal Tourism Development Corporation Limited West Bengal
1010 West Bengal Trade Promotion Organisation West Bengal
1011 West Bengal Transport Infrastructure Development Corporation Limited West Bengal
1012 West Bengal Wasteland Development Corporation Limited West Bengal
1013 West Bengal Women Development Undertaking West Bengal
1014 Westing House Saxby Farmer Limited West Bengal
Note: ‘Working government companies’ as per latest data provided by ‘Report of the Comptroller and Auditor General of India on Public Sector Undertakings’ for
respective states have been considered
L36 State PSUs Overall Listing India’s Top PSUs 2017

State Source of State PSUs

Andhra Pradesh Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
March 2016, Government of Andhra Pradesh Report No. 6 of 2016
Arunachal Pradesh Report of the Comptroller and Auditor General of India on (Social, Economic, Revenue and Economic
(SPSUs) Sectors) for the year ended 31 Mar 2014, Government of Arunachal Pradesh Report No.1 of the
year 2015
Assam Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 march 2016, Government of Assam (Report No. 5 of 2016)
Bihar Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Bihar Report No.3 of the year 2017
Chhattisgarh Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Chhattisgarh Report No.1 of the year 2017
Delhi Report of the Comptroller and Auditor General of India on Revenue and Social & Economic Sectors (PSUs)
for the year ended 31 March 2016, Government of National Capital Territory of Delhi Report No. 5 of the
year 2016
Goa Report of the Comptroller and Auditor General of India for the year ended 31 March 2015, Government of
Goa
Gujarat Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Gujarat (Report No. 1 of the year 2017)
Haryana Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Social, General and
Economic Sectors) for the year ended 31 March 2016, Government of Haryana Report No. 6 of the year
2016
Himachal Pradesh Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Economic Sector) for
the year ended 31 March 2015, Government of Himachal Pradesh Report No. 2 of the year 2016
Jammu and Kashmir Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Social, General and
Economic Sectors) for the year ended 31 March 2015, Government of Jammu and Kashmir Report No. 2 of
the year 2016
Jharkhand Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2015, Government of Jharkand Report No. 2 of the year 2016
Karnataka Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
March 2015, Government of Karnataka Report No.3 of the year 2016
Kerala Report of The Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Kerala Report No. 4 of the year 2017
Madhya Pradesh Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Madhya Pradesh Report No.1 of the year 2017
Maharashtra Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Maharashtra Report No.2 of the year 2017
Meghalaya Report of the Comptroller and Auditor General of India on Social, Economic, General and Economic (PSUs)
Sector for the year ended 31 March 2016, Government of Meghalaya Report No.3 of the year 2017
Mizoram Report of the Comptroller and Auditor General of India on General, Social, Economic, Revenue and
Economic (PSUs) Sectors for the year ended 31 Mar 2014, Government of Mizoram
Nagaland Report of the Comptroller and Auditor General of India on Social, Economic, Revenue and General Sectors
For the year ended 31 March 2014, Government of Nagaland Report No. 1 of 2015
Odisha Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
March 2014, Government of Odisha Report No. 3 of the year 2015
Puducherry Report of the Comptroller and Auditor General of India for the year ended March 2015, Government of the
Union Territory of Puducherry Report No. 1 of 2016
Punjab Report of the Comptroller and Auditor General of India on Public Sector Undertakings (Social, General and
Economic Sectors) for the year ended 31 March 2016, Government of Punjab Report No. 3 of the year 2016
Rajasthan Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Rajasthan Report No. 5 of the year 2016
India’s Top PSUs 2017 State PSUs Overall Listing L37

State Source of State PSUs

Sikkim Report of the Comptroller and Auditor General of India on Social, Economic and Revenue Sectors for the
year ened March 2016, Government of Sikkim Report No. 3 of 2016
Tamil Nadu Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
March 2015, Government of Tamil Nadu Report No.4 of 2016
Telangana Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
March 2016, Government of Telangana Report No.2 of 2017
Tripura Report of the Comptroller and Auditor General of India on Social, Economic, Revenue and General Sectors
For the year ended 2015-16, Government of Tripura Report No. 3 of 2016
Uttar Pradesh Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended
31 March 2016, Government of Uttar Pradesh Report No. 6 of 2016
Uttarakhand Report of the Comptroller and Auditor General of India for the year ended 31 March 2016, Government of
Uttarakhand Report No. 1 of 2017
West Bengal Report of the Comptroller and Auditor General of India on Public Sector Undertakings For the year ended
31 March 2015, Government of West Bengal Report No. 2 of the year 2016
L38 Central PSUs Overall Listing India’s Top PSUs 2017

Corporate Office: OIL House, Plot Number 19, Sector 16A, Noida, District Gautam Budh Nagar, Uttar Pradesh 201301, India
Tel.: 0120-2419000, 2419200, Website: www.oil-india.com; Also follow us on:
India’s Top PSUs 2017
List of Maharatna, Navratna and Miniratna CPSEs
1. Bharat Heavy Electricals Limited
2. Coal India Limited
3. GAIL (India) Limited
1. Bharat Electronics Limited
2. Bharat Petroleum Corporation Limited
3. Container Corporation of India Limited
4. Engineers India Limited
5. Hindustan Aeronautics Limited
6. Hindustan Petroleum Corporation Limited
1. Airports Authority of India
2. Antrix Corporation Limited
3. Balmer Lawrie & Company Limited
4. Bharat Coking Coal Limited
5. Bharat Dynamics Limited
6. BEML Limited
7. Bharat Sanchar Nigam Limited
8. Bridge & Roof Co. (India) Limited
9. Central Warehousing Corporation
10. Central Coalfields Limited
11. Chennai Petroleum Corporation Limited
12. Cochin Shipyard Limited
13. Dredging Corporation of India Limited
14. EdCIL (India) Limited
15. Kamarajar Port Limited
16. Garden Reach Shipbuilders & Engineers Limited
17. Goa Shipyard Limited
18. Hindustan Copper Limited
19. HLL Lifecare Limited
20. Hindustan Newsprint Limited
21. Hindustan Paper Corporation Limited
22. Housing & Urban Development Corporation Limited
23. HSCC (India) Limited
24. India Tourism Development Corporation Limited
25. Indian Rare Earths Limited
26. Indian Railway Catering & Tourism Corporation Limited
27. Indian Renewable Energy Development Agency Limited
28. India Trade Promotion Organisation
29. Ircon International Limited
30. KIOCL Limited
1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors Limited
3. Broadcast Engineering Consultants (I) Limited
4. Central Mine Planning & Design Institute Limited
5. Central Railside Warehouse Company Limited
6. Engineering Projects (India) Limited
7. FCI Aravali Gypsum & Minerals India Limited
8. Ferro Scrap Nigam Limited
L39
Maharatna CPSEs
4. Indian Oil Corporation Limited 7. Steel Authority of India Limited
5. NTPC Limited
6. Oil and Natural Gas Corporation Limited
Navratna CPSEs
7. Mahanagar Telephone Nigam Limited 13. Power Finance Corporation Limited
8. National Aluminium Company Limited 14. Power Grid Corporation of India Limited
9. NBCC (India) Limited 15. Rashtriya Ispat Nigam Limited
10. NMDC Limited 16. Rural Electrification Corporation Limited
11. NLC India Limited 17. The Shipping Corporation of India Limited
12. Oil India Limited
Miniratna Category - I CPSEs
31. Mazagon Dock Shipbuilders Limited
32. Mahanadi Coalfields Limited
33. MOIL Limited
34. Mangalore Refinery and Petrochemicals Limited
35. Mishra Dhatu Nigam Limited
36. MMTC Limited
37. MSTC Limited
38. National Fertilizers Limited
39. The National Small Industries Corporation Limited
40. National Seeds Corporation Limited
41. NHPC Limited
42. Northern Coalfields Limited
43. North Eastern Electric Power Corporation Limited
44. Numaligarh Refinery Limited
45. ONGC Videsh Limited
46. Pawan Hans Limited
47. Projects & Development India Limited
48. RailTel Corporation of India Limited
49. Rail Vikas Nigam Limited
50. Rashtriya Chemicals and Fertilizers Limited
51. RITES Limited
52. SJVN Limited
53. Security Printing and Minting Corporation of India Limited
54. South Eastern Coalfields Limited
55. The State Trading Corporation of India Limited
56. Telecommunications Consultants India Limited
57. THDC India Limited
58. Western Coalfields Limited
59. WAPCOS Limited
Miniratna Category - II CPSEs
9. HMT (International) Limited
10. Indian Medicines & Pharmaceuticals Corporation Limited
11. MECON Limited
12. Mineral Exploration Corporation Limited
13. National Film Development Corporation Limited
14. PEC Limited
15. Rajasthan Electronics & Instruments Limited
Listings of Profiled
Central PSUs
L42 Central PSUs Overall Listing India’s Top PSUs 2017

Think of
MSME,
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rating fee up to a maximum of Rs.40,000/-.

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Single Point Registration for Government Purchase
Raw Material Distribution Scheme
Consortia and Tender Marketing
Credit Support for Raw Material
Incubation for Small Enterprise Establishment
NSIC Infrastructure Support for MSMEs
Exhibitions and Technology Fairs
NSIC’ B2C portal providing Marketing opportunities for MSMEs
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MSME Global Mart B2B web portal for MSMEs
www.msmemart.com
The National Small Industries Corporation Ltd.
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India’s Top PSUs 2017 Alphabetical Listing L43

India’s Top PSUs 2017

Sr No Company Name Segment FY16 Total Income (` Mn)

1 Agriculture Insurance Company of India Limited Insurance 22,768.0
2 Air India Air Transport Services Limited Non-Financial 5,791.6
3 Air India Charters Limited Non-Financial 29,179.6
4 Air India Engineering Services Limited Non-Financial 5,707.5
5 Air India Limited Non-Financial 205,261.1
6 Airline Allied Services Limited Non-Financial 2,738.6
7 Airports Authority of India Non-Financial 108,245.0
8 Allahabad Bank Banks 207,950.7
9 Andhra Bank Banks 191,991.5
10 Andrew Yule & Company Limited Non-Financial 3,899.8
11 Antrix Corporation Limited Non-Financial 19,236.3
12 Artificial Limbs Manufacturing Corporation of India Non-Financial 2,079.2
13 Balmer Lawrie & Company Limited# Non-Financial 17,783.6
14 Bank of Baroda Banks 490,601.4
15 Bank of India Banks 454,490.1
16 Bank of Maharashtra Banks 140,722.8
17 BEL Optronic Devices Limited Non-Financial 1,215.1
18 BEML Limited*# Non-Financial 33,264.9
19 Bharat Coking Coal Limited Non-Financial 89,728.1
20 Bharat Dynamics Limited Non-Financial 43,444.0
21 Bharat Electronics Limited# Non-Financial 76,953.7
22 Bharat Heavy Electricals Limited# Non-Financial 281,360.9
23 Bharat Immunologicals and Biologicals Corporation Limited Non-Financial 1,294.2
24 Bharat Petroleum Corporation Limited Non-Financial 1,913,154.9
25 Bharat Sanchar Nigam Limited Non-Financial 329,187.0
26 Brahmaputra Valley Fertilizer Corporation Limited Non-Financial 6,467.3
27 Braithwaite & Company Limited Non-Financial 1,273.1
28 The Braithwaite Burn and Jessop Construction Company Limited Non-Financial 1,692.0
29 Bridge & Roof Co. (India) Limited* Non-Financial 17,101.8
L44 Alphabetical Listing India’s Top PSUs 2017

Sr No Company Name Segment FY16 Total Income (` Mn)

30 Burn Standard Company Limited Non-Financial 1,381.4
31 Canara Bank Banks 488,973.6
32 Cement Corporation of India Limited Non-Financial 4,561.3
33 Central Bank of India Banks 278,266.8
34 Central Coalfields Limited Non-Financial 112,976.1
35 Central Electronics Limited Non-Financial 2,026.0
36 Central Mine Planning & Design Institute Limited Non-Financial 7,643.5
37 Central Warehousing Corporation Non-Financial 16,399.4
38 Chennai Petroleum Corporation Limited# Non-Financial 350,069.8
39 Coal India Limited Non-Financial 172,926.3
40 Cochin Shipyard Limited Non-Financial 21,097.7
41 CONCOR Air Limited Non-Financial 3,433.7
42 Container Corporation of India Limited# Non-Financial 62,392.1
43 Corporation Bank Banks 211,464.0
44 The Cotton Corporation of India Limited Non-Financial 170,901.3
45 Dena Bank Banks 113,625.3
46 Dredging Corporation of India Limited# Non-Financial 6,811.8
47 Eastern Coalfields Limited Non-Financial 104,260.4
48 ECGC Limited Insurance 16,186.4
49 EdCIL (India) Limited Non-Financial 1,755.6
50 Electronics Corporation of India Limited Non-Financial 14,358.4
51 Engineering Projects (India) Limited* Non-Financial 13,231.9
52 Engineers India Limited# Non-Financial 17,588.1
53 Export-Import Bank of India FIs/NBFCs 87,810.3
54 Ferro Scrap Nigam Limited* Non-Financial 3,470.7
55 The Fertilizers and Chemicals Travancore Limited Non-Financial 17,649.7
56 Food Corporation of India Non-Financial 1,424,869.5
57 GAIL (India) Limited Non-Financial 527,718.5
58 GAIL Gas Limited Non-Financial 15,539.3
59 Garden Reach Shipbuilders & Engineers Limited Non-Financial 18,817.7
60 General Insurance Corporation of India Insurance 197,187.0
61 Goa Shipyard Limited# Non-Financial 8,045.2
62 The Handicrafts & Handlooms Exports Corporation of India Limited Non-Financial 19,793.6
63 Heavy Engineering Corporation Limited Non-Financial 4,446.3
64 Hindustan Aeronautics Limited Non-Financial 184,982.8
65 Hindustan Copper Limited# Non-Financial 10,718.8
India’s Top PSUs 2017 Alphabetical Listing L45

Sr No Company Name Segment FY16 Total Income (` Mn)

66 Hindustan Insecticides Limited Non-Financial 3,231.5
67 Hindustan Newsprint Limited* Non-Financial 3,416.7
68 Hindustan Paper Corporation Limited* Non-Financial 4,086.5
69 Hindustan Petroleum Corporation Limited*# Non-Financial 1,988,879.9
70 Hindustan Prefab Limited* Non-Financial 4,421.3
71 Hindustan Shipyard Limited Non-Financial 6,485.6
72 Hindustan Steelworks Construction Limited Non-Financial 14,164.7
73 HLL Lifecare Limited Non-Financial 10,716.8
74 HMT Limited Non-Financial 1,563.0
75 Housing and Urban Development Corporation Limited# FIs/NBFCs 33,022.0
76 HSCC (India) Limited* Non-Financial 11,069.8
77 IDBI Bank Limited Banks 314,534.6
78 IFCI Limited# FIs/NBFCs 38,185.9
79 India Infrastructure Finance Company Limited# FIs/NBFCs 46,594.5
80 India Tourism Development Corporation Limited# Non-Financial 4,371.3
81 India Trade Promotion Organisation Non-Financial 3,765.2
82 Indian Bank Banks 180,252.0
83 Indian Oil Corporation Limited# Non-Financial 4,091,501.5
84 Indian Overseas Bank Banks 260,455.5
85 Indian Railway Catering & Tourism Corporation Limited Non-Financial 15,057.4
86 Indian Railway Finance Corporation Limited FIs/NBFCs 75,073.0
87 Indian Rare Earths Limited Non-Financial 3,917.6
88 Indian Renewable Energy Development Agency Limited# FIs/NBFCs 11,745.4
89 Instrumentation Limited Non-Financial 1,254.8
90 Ircon International Limited Non-Financial 27,034.7
91 Kamarajar Port Limited# Non-Financial 6,445.7
92 Kanti Bijlee Utpadan Nigam Limited Non-Financial 3,776.3
93 Karnataka Antibiotics & Pharmaceuticals Limited Non-Financial 3,136.2
94 KIOCL Limited# Non-Financial 2,632.2
95 Konkan Railway Corporation Limited# Non-Financial 15,652.5
96 Life Insurance Corporation of India Insurance 4,242,185.1
97 Mahanadi Coalfields Limited Non-Financial 160,276.0
98 Mahanagar Telephone Nigam Limited Non-Financial 35,127.1
99 Mangalore Refinery and Petrochemicals Limited Non-Financial 405,045.6
100 Mazagon Dock Shipbuilders Limited Non-Financial 48,853.6
101 MECON Limited Non-Financial 3,998.7
L46 Alphabetical Listing India’s Top PSUs 2017

Sr No Company Name Segment FY16 Total Income (` Mn)

102 Mineral Exploration Corporation Limited Non-Financial 2,826.0
103 Mishra Dhatu Nigam Limited Non-Financial 7,442.9
104 MMTC Limited# Non-Financial 126,560.3
105 MOIL Limited# Non-Financial 6,346.0
106 MSTC Limited Non-Financial 29,675.8
107 National Aluminium Company Limited# Non-Financial 78,743.6
108 National Bank for Agriculture and Rural Development FIs/NBFCs 207,301.2
109 National Fertilizers Limited Non-Financial 78,122.1
110 National Handloom Development Corporation Limited Non-Financial 26,349.9
111 National Informatics Centre Services Incorporated Non-Financial 9,299.9
112 National Insurance Company Limited Insurance 145,802.2
113 National Projects Construction Corporation Limited* Non-Financial 10,019.8
114 National Seeds Corporation Limited Non-Financial 8,055.0
115 The National Small Industries Corporation Limited Non-Financial 26,854.4
116 National Textile Corporation Limited Non-Financial 12,780.9
117 NBCC (India) Limited# Non-Financial 59,131.9
118 The New India Assurance Company Limited Insurance 189,688.4
119 NHDC Limited Non-Financial 13,369.5
120 NHPC Limited# Non-Financial 73,530.0
121 NLC India Limited# Non-Financial 71,772.0
122 NLC Tamilnadu Power Limited Non-Financial 12,344.3
123 NMDC Limited# Non-Financial 64,572.7
124 North Eastern Electric Power Corporation Limited Non-Financial 17,436.6
125 Northern Coalfields Limited Non-Financial 109,500.1
126 NTPC Limited# Non-Financial 720,091.6
127 NTPC Vidyut Vyapar Nigam Limited# Non-Financial 40,409.5
128 Nuclear Power Corporation of India Limited Non-Financial 100,646.2
129 Numaligarh Refinery Limited# Non-Financial 120,664.5
130 Oil and Natural Gas Corporation Limited# Non-Financial 847,511.0
131 Oil India Limited Non-Financial 111,407.7
132 ONGC Videsh Limited# Non-Financial 77,650.1
133 Oriental Bank of Commerce Banks 219,347.8
134 The Oriental Insurance Company Limited Insurance 91,703.8
135 Pawan Hans Limited* Non-Financial 4,777.9
136 PEC Limited Non-Financial 38,087.3
137 Power Finance Corporation Limited FIs/NBFCs 275,643.1
India’s Top PSUs 2017 Alphabetical Listing L47

Sr No Company Name Segment FY16 Total Income (` Mn)

138 Power Grid Corporation of India Limited Non-Financial 212,811.8
139 Power System Operation Corporation Limited Non-Financial 2,316.5
140 Punjab & Sind Bank Banks 92,228.3
141 Punjab National Bank Banks 534,244.0
142 Rail Vikas Nigam Limited Non-Financial 46,902.6
143 RailTel Corporation of India Limited Non-Financial 6,415.5
144 Rajasthan Electronics & Instruments Limited Non-Financial 2,134.2
145 Rashtriya Chemicals and Fertilizers Limited# Non-Financial 82,413.5
146 Rashtriya Ispat Nigam Limited Non-Financial 93,371.8
147 REC Power Distribution Company Limited Non-Financial 1,515.4
148 RITES Limited Non-Financial 12,937.5
149 Rural Electrification Corporation Limited# FIs/NBFCs 237,562.8
150 SAIL Refractory Company Limited Non-Financial 1,244.8
151 Scooters India Limited* Non-Financial 1,486.3
152 Security Printing and Minting Corporation of India Limited Non-Financial 48,755.9
153 The Shipping Corporation of India Limited# Non-Financial 42,146.7
154 SJVN Limited# Non-Financial 24,939.6
155 Small Industries Development Bank of India FIs/NBFCs 57,846.1
156 South Eastern Coalfields Limited Non-Financial 182,206.4
157 State Bank of India Banks 1,918,436.7
158 The State Trading Corporation of India Limited Non-Financial 108,557.5
159 Steel Authority of India Limited Non-Financial 396,668.4
160 Syndicate Bank Banks 257,065.1
161 Telecommunications Consultants India Limited Non-Financial 13,582.1
162 THDC India Limited Non-Financial 24,796.5
163 UCO Bank Banks 201,572.8
164 Union Bank of India Banks 358,305.4
165 United Bank of India Banks 114,042.0
166 United India Insurance Company Limited Insurance 126,660.5
167 Uranium Corporation of India Limited Non-Financial 10,246.3
168 Vijaya Bank Banks 129,574.4
169 WAPCOS Limited Non-Financial 8,541.2
170 Western Coalfields Limited Non-Financial 81,417.4
Note: * denotes companies for which the government has proposed strategic disinvestment through majority stake sale, complete stake sale; merger/amalgamation,
proposed to be shut down etc. as per the Department of Investment and Public Asset Management
# refers to companies whose FY16 financial figures are taken as per new Accounting Standards as mentioned in FY17 annual report/audited/provisional financial
statements as provided by the company and/or available in the public domain
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 PROFILES OF
TOP PSUs OF INDIA

rk

e
Non - Financial Segment
India’s Top PSUs 2017

Air India Air Transport Services Limited Dun & Bradstreet D-U-N-S® No 85-905-0410
Airlines House, 113 Gurudwara Rakabganj Road, New Delhi – 110001, Delhi
Website: www.airindia.in
About the Company Financial Snapshot (` Mn)
Air India Air Transport Services Ltd (AIATSL) is a fully owned subsidiary of Air India Ltd
Parameters FY16 FY17
formed to provide unified ground handling services at majority of the airports in India
under the brand name ‘Air India Airport Services’. AIATSL is a one stop shop for the Total Income 5,791.60 N.A.
comprehensive range of ground handling services including security, flight operations &
Net Profit 687.90 N.A.
technical handling services. The portfolio of services provided by AIATSL include passenger
handling, ramp handling, ULD repair facility, cargo handling & warehousing, technical Total Assets 4,476.30 N.A.
assistance, diverted flight handling, charter handling, aircraft recovery assistance, airport
Ratios
handling training & development, and engineering / allied services. The company handles
narrow body aircrafts and wide body aircrafts at Mumbai, Chennai, Kolkata, Kochi, NPM (%) 11.9 N.A.
Kozhikode, Ahmedabad, Amritsar, Lucknow, Guwahati and Goa. AIATSL provided ground C/R (Times) 1.2 N.A.
handling services at 63 airports as on FY14. Apart from handling flights of Air India, it also
offered ground handling for 29 foreign airlines and four domestic airlines for 115,000 PSU Status (As of May 2017)
flights (Air India & Subsidiaries) and 27,256 flights of customer airlines. -

Air India Charters Limited Dun & Bradstreet D-U-N-S® No 91-830-1669

Head Office - 1st Floor, Inflight Building, Medico Bhavan, Opp Indian Oil Depot, Sahar, Mumbai - 400099, Maharashtra
Website: www.airindiaexpress.in
About the Company Financial Snapshot (` Mn)
Air India Charters Ltd (AICL) is a wholly owned subsidiary of Air India Ltd which commenced
Parameters FY16 FY17
airline operations in Apr, 2005 with a brand name “Air India Express”. The company mainly
operates between Tier-2 and Tier-3 cities in India and destinations in Gulf & South East Total Income 29,179.60 N.A.
Asia. Its fleet comprises of 23 B737-800 aircraft with a capacity of around 180 seats.
Net Profit 3,616.80 N.A.
Total Assets 38,369.70 N.A.
Ratios
NPM (%) 12.4 N.A.
C/R (Times) 1.1 N.A.
PSU Status (As of May 2017)
-

Air India Engineering Services Limited Dun & Bradstreet D-U-N-S® No 65-067-6302
Head Office: Old Airport,Santacruz (East), Mumbai - 400029, Maharashtra
Website: www.airindia.com
About the Company Financial Snapshot (` Mn)
Air India Engineering Services Ltd (AIESL) was operationalised on Aug 2010, for carrying
Parameters FY16 FY17
out the Maintenance, Repair and Overhaul (MRO) activities of Airbus and Boeing fleet.
The company offers maintainence services, engineering support services and specilaised Total Income 5,707.50 N.A.
services including; Line Maintenance, Base Maintenance, Structural Repairs, Quality
Net Profit (4,071.00) N.A.
Assurance, CAM, Engine Borescopes, Project/Material/Asset Management, Avionics
& Components overhaul, Facility & Equipment Support among others. Its network Total Assets 3,000.10 N.A.
covers more than 60 stations across cities like Delhi, Mumbai, Hyderabad, Kolkata and
Ratios
Thiruvananthapuram. It is approved by DGCA, FAA (Federal Aviation Administration),
EASA (European Aviation Safety Agency), ICAO (International Civil Aviation Organization) NPM (%) (71.3) N.A.
and ISO-9001:2000. Its clientel includes; Cathay Pacific, Airworks, Thai Air, Blue Dart, C/R (Times) 0.2 N.A.
Spicejet, Pawan Hans, Taj Air, Reliance Aviation and BSF among others.
PSU Status (As of May 2017)
-

2
 India’s Top PSUs 2017

Air India Limited Dun & Bradstreet D-U-N-S® No 65-033-4191

Airlines House, 113, Gurudwara Rakabganj Road, New Delhi - 110001, Delhi
Website: www.airindia.in
About the Company Financial Snapshot (` Mn)
Air India Ltd (Air India) was incorporated in 2007 as a new entity formed consequent
Parameters FY16 FY17
to the merger of Indian Airlines Ltd with National Aviation Company of India Ltd. Air
India is engaged in providing air transport services. The company also provides ground Total Income 205,261.10 N.A.
handling services at domestic and international airports. Air India has also entered into
Net Profit (38,367.80) N.A.
a JV agreement with Singapore Airport terminal Services to provide ground handling
services at metro airports. Its fleet consists of 43 wide body aircrafts, 66 narrow body Total Assets 506,514.70 N.A.
aircrafts and 118 regional aircrafts. The aircrafts include Boeing 747-400, Boeing 777-
Ratios
200LR, ATR 42-320, ATR 72-600, Airbus 321, Airbus 320-214, Airbus 320-231 and Boeing
787 Dreamliner amongst others. Air India is also a part of Star Alliance network. In FY16, NPM (%) (18.7) N.A.
Air India started commercial operations from Kazi Nazrul Islam Airport at Durgapur with C/R (Times) 0.4 N.A.
a flight connecting Kolkata and Durgapur. During the year, Air India also introduced direct
flight to connect Visakhapatnam to Port Blair and started new flight between Bengaluru PSU Status (As of May 2017)
and Puducherry with an ATR aircraft. -

Airline Allied Services Limited Dun & Bradstreet D-U-N-S® No 86-218-9982

Head Office - No - 205, G5 Building, Allianz Air, Domestic Airport, New Delhi - 110037, Delhi
Website: www.airindia.in/alliance-air.htm
About the Company Financial Snapshot (` Mn)
Airline Allied Services Ltd (AASL) is a wholly owned subsidiary of Air India Ltd which
Parameters FY16 FY17
commenced its operations in Apr 1996 under the brand name Alliance Air. The company
primarily operates flights to Tier-2 and Tier-3 cities or those which link these cities Total Income 2,738.60 N.A.
to the metro hubs. AASL operates flights to 37 destinations in India which includes
Net Profit (1,987.50) N.A.
Agatti, Allahabad, Bathinda, Bengaluru, Bhavnagar, Bhopal, Bhuj, Dehradun, Delhi, Diu,
Dharamshala, Gorakhpur, Guwahati, Gwalior, Hyderabad, Hubli, Jabalpur, Jaipur, Jammu, Total Assets 2,953.80 N.A.
Kanpur, Kochi, Kolkata, Kullu, Lilabari, Lucknow, Mumbai, Pantnagar, Pune, Raipur, Ranchi,
Ratios
Shillong, Shimla, Surat, Vijayawada, Vizag, Tezpur and Tirupati. The company operates air
services with a fleet of 9 ATR 72-600 (70 Seater) and 2 ATR 42-320 (48 Seater) aircrafts. NPM (%) (72.6) N.A.
C/R (Times) 0.2 N.A.
PSU Status (As of May 2017)
-

Airports Authority of India Dun & Bradstreet D-U-N-S® No 91-533-0307

Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi - 110003, Delhi
Website: www.aai.aero
About the Company Financial Snapshot (` Mn)
Airports Authority of India (AAI) was formed in 1995 by merging National Airports
Parameters FY16 FY17
Authority and International Airports Authority of India. AAI has been granted with the
Miniratna Category – I CPSE status by GoI. AAI is involved in integrated development, Total Income 108,245.00 N.A.
expansion and modernization of the air traffic services, passenger terminals, operational
Net Profit 25,373.60 N.A.
areas and cargo facilities at the airports in the country. AAI owns and maintains 125
airports which include 18 international airport, 7 customs airports, 78 domestic airports Total Assets 252,573.40 N.A.
and 26 civil enclaves at defense airfields. In addition, it also provides air navigation
Ratios
services to more than 2.8 mn square nautical miles of air space. During FY16, all Indian
airports under AAI handled aircraft movement of 1.79 mn including 1.41 mn domestic NPM (%) 23.4 N.A.
aircraft movement and 0.37 mn international aircraft movement. During the same period, C/R (Times) 1.7 N.A.
passengers handled increased by 17.6%; while freight handling increased by 7.1%. Some
of the work completed by AAI in FY16 include; runway construction work of Belgaum & PSU Status (As of May 2017)
Hubli airport, widening and strengthening of runway at Shimla airport. Miniratna - I

3
India’s Top PSUs 2017

Andrew Yule & Company Limited Dun & Bradstreet D-U-N-S® No 65-006-8893
Yule House, 8, Dr Rajendra Prasad Sarani, Kolkata - 700001, WB
Website: www.andrewyule.com
About the Company Financial Snapshot (` Mn)
Andrew Yule & Company Ltd (AYCL) was founded in 1863 and started as a managing
Parameters FY16 FY17
agency founded by Andrew Yule. By 1875, the company forayed into other businesses
like jute, tea, cotton, coal and insurance. Then, in 1919, the company was acquired by Total Income 3,899.77 4,493.51
the newly formed, Andrew Yule Company Pvt Ltd, and it later, in 1946, got converted into
Net Profit 83.53 273.86
public limited company. AYCL primarily operates in three divisions namely tea, engineering
and electrical division. Under engineering division, the company provides products like Total Assets 4,873.00 4,078.82
industrial fans & blowers, air pollution control equipment and tea processing machinery
Ratios
among others. It also has electrical products like power & distribution transformers, HT
switchgears & LT control gears, flame proof switchgears, plant communication, voltage NPM (%) 2.1 6.1
regulators & rectifiers amongst others. Under tea division, AYCL operates 15 premium tea C/R (Times) 1.2 1.5
plantations spread across areas of Darjeeling, Assam, and Dooars of North Eastern India.
In FY16, tea division accounted for 60% of company’s total revenue followed by electrical PSU Status (As of May 2017)
division with 33% share. -

Antrix Corporation Limited Dun & Bradstreet D-U-N-S® No 65-022-2854

Antariksh Bhavan, Near New BEL Road, Bengaluru - 560094, Karnataka
Website: www.antrix.gov.in
About the Company Financial Snapshot (` Mn)
Antrix Corporation Ltd (Antrix) was incorporated in 1992 as a wholly owned GoI company
Parameters FY16 FY17
under the administrative control of the Department of Space. The company is a marketing
arm of ISRO and has been conferred with the Miniratna Category – I CPSE status by GoI. Total Income 19,236.34 N.A.
Antrix is the commercial arm of ISRO engaged in providing space products and services
Net Profit 2,091.33 N.A.
to national and international customers. It facilitates the use of Indian Space assets in the
field of telecommunications & broadcasting for a range of services which include DTH, Total Assets 29,123.58 N.A.
VSAT, mobile communications, Telemedicine and Tele-education. Antrix offers launch
Ratios
services for satellites into a variety of earth orbits through launch vehicles namely PSLV &
GSLV, transponders lease services, remote sensing data services, mission support services NPM (%) 10.9 N.A.
along with turnkey solutions for launch and early orbit phase support, telemetry, and in- C/R (Times) 2.5 N.A.
orbit test service. Till Mar 31 2016, Antrix launched 57 international customer satellites
from 21 countries. In FY16, Antrix successfully launched PSLV-C29/TeLEOS-1 Mission for PSU Status (As of May 2017)
Electronics, Singapore along with five co-passenger satellites from Singapore. Miniratna - I

Artificial Limbs Manufacturing

Corporation of India Dun & Bradstreet D-U-N-S® No 91-584-0453
G T Road, Kanpur- 209217, UP
Website: www.alimco.in
About the Company Financial Snapshot (` Mn)
Artificial Limbs Mfg. Corporation of India (ALMCOI) is a non-profit making organization
Parameters FY16 FY17
which was started in 1972. ALMCOI works under the aegis of the GoI, under the
ministry of Social Justice & Empowerment. The company has been producing artificial Total Income 2,079.21 N.A.
limb components since 1976. It produces 355 different types of aids and appliances for
Net Profit 461.99 N.A.
orthopedically impaired, hearing impaired and visually handicapped people. The product
range includes orthotic and prosthetic appliances for upper & lower extremities, spinal Total Assets 2,864.35 N.A.
braces, cervical collars, traction, etc. ALMCOI also provides special tools and equipment
Ratios
required for fitment of orthotic & prosthetic assemblies by the Limb Fitting Centres. For
visually handicapped, the company provide products like braille shorthand machine, NPM (%) 22.2 N.A.
braille slate, walking cane & stick. The major domestic buyers of ALIMCO products C/R (Times) 3.4 N.A.
are national institute, dealer network NGO network and state government. In FY16, it
produced 80,490 tricycles, 41,309 wheel chairs, 62,991 crutches, 29,180 prosthetic upper PSU Status (As of May 2017)
and lower kit & components, 10,379 orthotic lower kits & components, and 48,544 Miniratna - II
hearing aids.

4
 India’s Top PSUs 2017

Balmer Lawrie & Company Limited Dun & Bradstreet D-U-N-S® No 65-008-8917
21, Netaji Subhas Road, Kolkata - 700001, WB
Website: www.balmerlawrie.com
About the Company Financial Snapshot (` Mn)
Balmer Lawrie & Co. Ltd (Balmer Lawrie) was originally established in 1867 by two
Parameters FY16 FY17
Scotsmen, George Stephen Balmer and Alexander Lawrie, as a partnership firm in Kolkata.
Eventually it was incorporated as a private limited company in 1924. Presently, it is a Total Income 17,783.60 19,011.70
Miniratna - I public sector enterprise, under the Ministry of Petroleum & Natural Gas of
Net Profit 1,643.50 1,704.20
the GoI. The company has six strategic business units – industrial packaging, greases &
lubricants, leather chemicals, travel & vacations, logistics and refinery & oil field services. Total Assets 15,929.10 17,935.20
Its product range under industrial packaging include; Plain steel drums, lacquer lined
Ratios
drums, composite drums, galvanized drums, asepton drums and conical drums. BALMEROL
is its brand of industrial, automotive and specialty range of lubricants. Under the leather NPM (%) 9.2 9.0
chemicals segment, it offers synthetic fat liquors under the brand name of Balmol. The C/R (Times) 2.3 2.2
refinery & oil field services segment is engaged in the activity of mechanized sludge/
sediment cleaning and hydrocarbon recovery services of the crude oil storage tanks. Its PSU Status (As of May 2017)
logistics solutions caters to all types of cargo; handling both inbound and outbound. Miniratna - I

BEL Optronic Devices Limited Dun & Bradstreet D-U-N-S® No 67-761-4447

EL 30 J Block, Bhosari Industrial Area, Pune - 411026, Maharashtra
Website: www.bel-india.com
About the Company Financial Snapshot (` Mn)
BEL Optronic Devices Ltd (BELOP) was set up as a JV between Bharat Electronic Ltd (BEL)
Parameters FY16 FY17
and Delft of Holland in 1990, under the name of BE DELFT. BELCOP was formed to enable
the country to be self-reliant in the area of technology for night vision devices. Later, the Total Income 1,215.11 N.A.
company became a subsidiary of BEL and subsequently acquired its present name. The
Net Profit 24.28 N.A.
company conducts the research, development and manufacturing of Image Intensifier
Tubes and its associated high voltage power supply units used in military, security and Total Assets 3,790.39 N.A.
commercial systems. As on Apr 1, 2016, the order book status of the company stood at
Ratios
` 259.9 mn, and it secured fresh orders worth ` 720 mn.
NPM (%) 2.0 N.A.
C/R (Times) 0.9 N.A.
PSU Status (As of May 2017)
-

BEML Limited Dun & Bradstreet D-U-N-S® No 65-012-5305

BEML Soudha, 23 / 1, 4th Main, S R Nagar, Bengaluru - 560027, Karnataka
Website: www.bemlindia.com
About the Company Financial Snapshot (` Mn)
BEML Ltd (BEML), formerly known as Bharat Earth Movers Ltd, was established in May
Parameters FY16 FY17
1964 as a public sector undertaking for the manufacture of rail coaches and spare parts
and mining equipment at its Bengaluru complex. The company has been conferred with Total Income 33,264.90 28,971.10
Miniratna-Category 1 status by GoI. It is engaged in three major business verticals, viz.
Net Profit 636.60 844.40
mining & construction, defence and rail & metro. BEML manufactures a variety of heavy
equipment used for earth moving, transport and mining, which includes bulldozers, Total Assets 43,641.40 47,101.20
dump trucks, hydraulic excavators, wheel loaders, rope shovels, walking draglines, motor
Ratios
graders and scrapers, integral rail coaches, electric multiple units, rail buses and track
laying equipment amongst others. It has manufacturing plants in Kolar Gold Fields, NPM (%) 1.9 2.9
Bengaluru, Palakkad and Mysuru. BEML exports its products are exported to over 66 C/R (Times) 2.5 2.3
countries across Middle East, Africa and South East Asia. In FY16, BEML ventured into
dredging business of designing, development and manufacturing of spares for dredgers PSU Status (As of May 2017)
by signing MoU with Dredging Corporation of India. Miniratna - I

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India’s Top PSUs 2017

Bharat Coking Coal Limited Dun & Bradstreet D-U-N-S® No 65-005-8803

Koyla Bhawan, Koyla Nagar, Dhanbad - 826005, Jharkhand
Website: www.bcclweb.in
About the Company Financial Snapshot (` Mn)
Bharat Coking Coal Ltd (BCCL), a Miniratna Category I CPSE was incorporated in 1972 to
Parameters FY16 FY17
operate 214 coking coal mines in Jharia and Raniganj which were taken over by the GoI in
1971 to ensure planned development of the resource. BCCL is a subsidiary of Coal India Total Income 89,728.10 N.A.
Ltd. BCCL is primarily engaged in mining of coal and allied activities. The company offers
Net Profit 7,682.00 N.A.
various grades and types of coal such as coking coal, semi coking coal, NLW coking coal,
hard coal, washed and beneficiated coal, middlings, rejects, CIL coke/LTC coke, coal fines Total Assets 92,298.20 N.A.
and tar/soft pitch. The company operates six washeries to supply washed coal for steel
Ratios
plants. In FY16, BCCL produced 35.86 MTe of coal comprising 32.65 M.Te. of coking coal
and 3.21 M.Te. of non-coking coal. During the year, overburden removal of BCCL stood at NPM (%) 8.6 N.A.
148.59 M.CuM and the supply of washed and direct feed coal to the steel sector stood at C/R (Times) 1.3 N.A.
6.33 lakh tonnes, representing growth of 18.5% over the previous year.
PSU Status (As of May 2017)
Miniratna - I

Bharat Dynamics Limited Dun & Bradstreet D-U-N-S® No 65-007-0055

Kanchanbagh Post, Hyderabad - 500058, Telangana
Website: www.bdl-india.com
About the Company Financial Snapshot (` Mn)
Bharat Dynamics Ltd (BDL), a Miniratna Category - I CPSE was established in 1970 under
Parameters FY16 FY17
the administrative control of Ministry of Defence. BDL is prime production agency for 1st
and 2nd generation anti-tank guided missiles and equipment’s required by Armed Forces. Total Income 43,444.00 N.A.
The company produces various categories of weapons and missiles such as anti-tank
Net Profit 5,632.40 N.A.
guided missile, surface to air missiles, air defence systems, heavy weight torpedoes, air to
air missiles, etc. It also operates in the area of refurbishment and life extension of missiles. Total Assets 97,722.25 N.A.
Presently, BDL operates through three manufacturing units located at Kanchanbagh in
Ratios
Hyderabad, Bhanur, Medak district and Visakhapatnam in AP. As on Mar 31, 2016, the
company’s order book stood at ` 137.21 bn. During the same period, it completed supply NPM (%) 13.0 N.A.
of one of the anti-tank guided missiles, and successfully test fired its anti tank guided C/R (Times) 1.3 N.A.
missile and an advanced wireless anti-tank missile with RF guidance.
PSU Status (As of May 2017)
Miniratna - I

Bharat Electronics Limited Dun & Bradstreet D-U-N-S® No 65-004-9042

Outer Ring Road, Nagavara, Bengaluru – 560045, Karnataka
Website: www.bel-india.com
About the Company Financial Snapshot (` Mn)
Bharat Electronics Ltd (BEL), a PSU Navratna company, was incorporated in 1954. BEL
Parameters FY16 FY17
operates in three segments; defence, non-defence and other services. BEL’s defence
segment includes army communication systems, naval systems, land based radars, Total Income 76,953.70 91,404.40
avionics, electro optics, weapon systems, simulators and batteries among others. Its
Net Profit 13,073.60 15,476.20
non-defence segment includes e-governance systems, civilian radars, solar products and
homeland security among others. BEL’s other services include electronic manufacturing Total Assets 181,240.20 171,561.30
services. BEL exports its products to several countries across the world and achieved
Ratios
exports worth US$ 85.1 mn in FY16. The company owns nine manufacturing units located
at Bengaluru (Karnataka), Ghaziabad (UP), Panchkula (Haryana), Kotdwara (Uttarakhand), NPM (%) 17.0 17.0
Pune & Navi Mumbai (Maharashtra), Hyderabad (Telangana), Machilipatnam (AP) and C/R (Times) 1.9 1.6
Chennai (TN). In Feb 2017, Bel received offset contract for CoMPASS from Elbit Systems
Electro Optics – ELOP Ltd, Israel. In the same month, the company launched remote PSU Status (As of May 2017)
controlled weapon station for MBT Arjun Mk II battle tank. Navratna

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 India’s Top PSUs 2017

Bharat Heavy Electricals Limited Dun & Bradstreet D-U-N-S® No 65-005-0719

BHEL House, Siri Fort, New Delhi – 110049, Delhi
Website: www.bhel.com
About the Company Financial Snapshot (` Mn)
Bharat Heavy Electricals Ltd. (BHEL) was incorporated in 1964 and is an integrated power
Parameters FY16 FY17
plant equipment manufacturer. It is one of the largest engineering and manufacturing
companies in India that engage in the design, engineering, manufacture, construction, Total Income 281,360.90 302,013.90
testing, commissioning and servicing of a wide range of products and services for core
Net Profit (7,096.00) 4,958.60
sectors such as power, transmission, industry, transportation (railways), renewable
energy, oil & gas, water and defense. In Apr 2017, the company commissioned 3 MW solar Total Assets 651,629.40 612,302.00
photovoltaic power plant in the Dadra and Nagar Haveli and two 270 MW thermal units in
Ratios
Maharashtra. In the same period, the company commenced the commercial operation of
its second 800 MW supercritical unit at 2x800 MW Yeramarus Thermal Power Station of NPM (%) (2.5) 1.6
Raichur Power Corporation Ltd. In Apr 2017, the company’s export order valued at ` 100 C/R (Times) 2.2 2.1
bn for setting up 1,320 MW Maitree Super Thermal Power Project in Bangladesh took-off
following the issuance of the Notice to Proceed by the developer. PSU Status (As of May 2017)
Maharatna

Bharat Immunologicals and Biologicals

Corporation Limited Dun & Bradstreet D-U-N-S® No 91-665-0229
OPV Plant, Village Chola, Bulandshahr - 203203, UP
Website: www.bibcol.com
About the Company Financial Snapshot (` Mn)
Bharat Immunologicals and Biologicals Corporation Ltd (BIBCOL) was established in 1989
Parameters FY16 FY17
as a CPSE under the under the Ministry of Science & Technology, GoI. The company
is a biotechnology company and currently manufactures and produces a range of Total Income 1,294.25 N.A.
pharmaceuticals products such as Oral Polio Vaccines (OPV Vaccine), Zinc Tablet & Diarrhea
Net Profit (62.09) N.A.
Management Kit among others. In 1994, the company went public and its shares got
listed on BSE, NSE and Kanpur Stock Exchange. It is a WHO-cGMP certified infrastructure. Total Assets 683.84 N.A.
BIBCOL works for the eradication of Poliomyelitis in the country through the National
Ratios
Immunization Program. Its product portfolio comprises of diarrhea management kit for
young children, OPV which is a trivalent vaccine, zinc dispersible tablet which serves as a NPM (%) (4.8) N.A.
zinc supplement and iron folic tablets for treatment of iron deficiency and iron deficiency C/R (Times) 2.0 N.A.
anemia. The company’ operates through one production facility located in UP and is
designed as per the WHO-GMP guidelines with a production capacity of 100 mn doses PSU Status (As of May 2017)
of OPV. -

Bharat Petroleum Corporation Limited Dun & Bradstreet D-U-N-S® No 65-007-8793

Bharat Bhavan, 4 & 6 Currimbhoy Road, Ballard Estate, Mumbai - 400001, Maharashtra
Website: www.bharatpetroleum.in
About the Company Financial Snapshot (` Mn)
Bharat Petroleum Corporation Ltd. (BPCL) traces its history back to around 1860s when
Parameters FY16 FY17
it started off as Burma Oil Company. It was incorporated as BurmaShell Refineries Ltd in
1952 and was subsequently nationalized in 1976 under the name of Bharat Refineries Ltd, Total Income 1,913,154.90 N.A.
which was changed to BPCL in 1977. BPCL is engaged in the exploration, production and
Net Profit 74,318.80 N.A.
retail of petroleum and petrol-related products. In addition to petrol, diesel and kerosene,
BPCL also produces liquefied petroleum gas, specialty oils, automotive engine oils, gear Total Assets 759,894.10 N.A.
oils, transmission oils, lubricators and greases. It also manufactures exclusive products
Ratios
such as rubberized bitumen, bitumen emulsion, diesel additives and aviation turbine fuel.
In FY16, BPCL’s Refineries at Mumbai and Kochi recorded a crude throughput of 24.12 NPM (%) 3.9 N.A.
MMT compared to 23.36 MMT in FY15. In Dec 2016, BPCL, Indian Oil Corporation Ltd C/R (Times) 0.9 N.A.
and Hindustan Petroleum Corporation Ltd signed a Consortium Agreement to carry out
pre-project activities for setting up of a West Coast Refinery & Petrochemical project of PSU Status (As of May 2017)
approximately 60 MMTPA capacity in Maharashtra through a JV company. Navratna

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India’s Top PSUs 2017

Bharat Sanchar Nigam Limited Dun & Bradstreet D-U-N-S® No 86-453-2789

Bharat Sanchar Bhawan, H.C. Mathur Lane, Janpath, New Delhi - 110001, Delhi
Website: www.bsnl.co.in
About the Company Financial Snapshot (` Mn)
Bharat Sanchar Nigam Ltd (BSNL) was incorporated in Sep 2000, in order to take over the
Parameters FY16 FY17
business of providing telecom services and network management from the Department
of Telecom Services and Department of Telecom Operations of the Central Government. Total Income 329,187.00 N.A.
BSNL provides services under four business segments: mobile services, landline services,
Net Profit (38,799.20) N.A.
broadband services and enterprise business. Under mobile services, it offers GSM 2G,
GSM 3G and CDMA services; while its broadband offerings include; Landline Broadband, Total Assets 707,467.50 N.A.
3G Mobile Broadband, GSM Wi-Fi, WiMAX Broadband, Dial up Internet (DIAS) an Fiber
Ratios
Broadband(FTTH). The landline services include telephone lines, phone plus services,
intelligent network services and PCOs. The enterprise business segment provides NPM (%) (11.8) N.A.
enterprise voice and mobility, enterprise data services, enterprise broadband and C/R (Times) 1.1 N.A.
managed services. In FY16, the company had 9.94 mn customers in the wired broadband
segment and opened 500 exclusive call centres for GSM, Wire line and broadband PSU Status (As of May 2017)
services. Miniratna - I

Brahmaputra Valley Fertilizer

Corporation Limited Dun & Bradstreet D-U-N-S® No 85-836-4269
Namrup, P.O. Parbatpur, Dibrugarh - 786623, Assam
Website: www.bvfcl.com
About the Company Financial Snapshot (` Mn)
Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) operated as Namrup Fertilizer
Parameters FY16 FY17
Complex before bi-furcation from erstwhile Hindustan Fertilizer Corporation Ltd in Apr
2002. The company’s Namrup - I plant began commercial production in 1969, followed Total Income 6,467.30 N.A.
by Namrup - II plant in 1976. Its third plant, Namrup - III plant started production in the
Net Profit 284.95 N.A.
year 1987. The company is a Schedule B category CPSE under administrative control
of Department of Fertilizers. BVFCL is primarily engaged in the manufacturing of urea, Total Assets 8,761.91 N.A.
bio-fertilizers, vermi-compost manure and trading of seeds, pesticides, fertilizers (MOP,
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SSP, rock phosphate) and micronutrients. BVFCL is a major source of urea fertiliser to
states of North-East India and parts of Assam, West Bengal and Bihar. It markets its urea NPM (%) 4.4 N.A.
fertiliser under the brand name of Mukta. As on Mar 31 2016, BVFCL operated with an C/R (Times) 3.1 N.A.
annual installed capacity of 510,000 MT of urea. In FY15, BVFCL produced 322,645 MT
of urea comprising 66,277 MT produced at Namrup-II and 256,368 MT urea produced at PSU Status (As of May 2017)
Namrup-III. -

Braithwaite & Company Limited Dun & Bradstreet D-U-N-S® No 65-005-3127

5 Hide Road, Kolkata - 700043, WB
Website: www.braithwaiteindia.com
About the Company Financial Snapshot (` Mn)
Braithwaite & Company Ltd (Braithwaite) was incorporated in Dec 1976 as a fully-
Parameters FY16 FY17
owned company of GoI under the administrative control of the Ministry of Railways to
undertake manufacturing of cranes, foundry products, wagons and heavy structural. It Total Income 1,273.12 N.A.
operates through three units - Clive Works, Victoria Works both in Calcutta and Angus
Net Profit 6.45 N.A.
Works in Hooghly district. Under railway rolling stock, it manufactures freight wagons,
tank wagons, special wagons and steel bogies and couplers. Under structural steel works, Total Assets 1,700.39 N.A.
it provides girders for steel bridges, conventional building structures and technological
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structures for industrial establishments, power houses and steel plants. Braithwaite also
undertakes repairs, maintenance, revamp and up-gradation of cranes and wagons. The NPM (%) 0.5 N.A.
company exports a wide range of wagons to Zambia, Vietnam, Uganda, Tanzania, Ghana, C/R (Times) 1.3 N.A.
Burma, Sri Lanka and Korea. In FY16, Braithwaite manufactured 526 wagons & entered
into new segment of refurbishment of repair wagons. It undertook refurbishing of 1,269 PSU Status (As of May 2017)
Repair Wagon bogies & completed order of 859 BOXNHL wagons for Indian railways. -

8
 India’s Top PSUs 2017

The Braithwaite Burn and Jessop

Construction Company Limited Dun & Bradstreet D-U-N-S® No 65-064-1855
27, R. N. Mukherjee Road, Kolkata – 700001, WB
Website: www.bbjconst.com
About the Company Financial Snapshot (` Mn)
The Braithwaite Burn and Jessop Construction Company Ltd (BBJ) was incorporated in
Parameters FY16 FY17
1935 when three engineering firms Braithwaite, Burn and Jessop came together for
construction of a bridge across the river Hooghly which came to be known as Howrah Total Income 1,691.96 N.A.
bridge in 1941. In 1987, BBJ became a subsidiary of Bharat Bhari Udyog Nigam Ltd (BBUNL)
Net Profit 444.05 N.A.
and in Jul 2015, the company got amalgamated with BBUNL and subsequently in Nov
2015, BBUNL acquired its present name. BBJ is primarily engaged in undertaking a wide Total Assets 7,897.64 N.A.
spectrum of construction activities including construction of new bridges, bridge repairs
Ratios
and restoration, railway gauge conversion, metro rail projects, power plant structure,
industrial structure, refinery piping works, civil construction, large building foundations NPM (%) 26.2 N.A.
and turnkey projects. BBJ also serve global clients in countries like Bangladesh, Nepal, C/R (Times) 1.4 N.A.
New Zealand, Burma and Iraq. The company caters to companies across sectors including;
infrastructure, railways, power, petrochemicals, steel, road, and fertiliser among others. PSU Status (As of May 2017)
-

Bridge & Roof Co. (India) Limited Dun & Bradstreet D-U-N-S® No 65-005-6807
5th Floor, Kankaria Centre, 2/1, Russel Street, Kolkata - 700071, WB
Website: www.bridgeroof.co.in
About the Company Financial Snapshot (` Mn)
Bridge & Roof Co. (India) Ltd (Bridge & Roof), a Miniratna Category - I CPSE, was established
Parameters FY16 FY17
in 1920. In 1986, Bridge & Roof came under the administrative control of the Department
of Heavy Industry, GoI. It is a construction and engineering company engaged in execution Total Income 17,101.77 N.A.
of construction projects for both the private and public sectors in India and overseas
Net Profit 26.54 N.A.
market. It undertakes projects under various divisions like civil, mechanical and structural,
roads and highways, among others. The major projects include civil works in industrial Total Assets 17,438.04 N.A.
projects, cross country piping, piping & equipment work, heater & furnace work, building
Ratios
work, structural steel bridges, stadium & sports complex, road and highways, chimneys,
and silos, amongst many others. In FY16, it has been able to book orders worth ` 22.5 NPM (%) 0.2 N.A.
bn. Some of the fresh orders included; Piling, Civil, Structural & U/G Piping works for C/R (Times) 1.2 N.A.
Aishwarya Project at Haldia Refinery for IOC; and Construction of 101 multipurpose
cyclone shelters under National Cyclone Risk Mitigation Project (NCRMP-II) in WB. PSU Status (As of May 2017)
Miniratna - I

Burn Standard Company Limited Dun & Bradstreet D-U-N-S® No 86-245-6266

22B, Raja Santosh Road, Kolkata - 700027, WB
Website: www.burnstandard.com
About the Company Financial Snapshot (` Mn)
Burn Standard Company Ltd (Burn Standard) was incorporated in the year 1976 as a result
Parameters FY16 FY17
of amalgamation of Burn & Co with Indian Standard Wagon Company. The company
operates under the administrative control of Ministry of Railways. Burn Standard is Total Income 1,381.37 N.A.
engaged in manufacturing and supply of wagons. It carries out wagon building activities
Net Profit (283.76) N.A.
at its two engineering units located at Howrah and Burnpur in WB. The product portfolio
of Burn Standard include different types of railway rolling stock in different types of Total Assets 5,766.58 N.A.
wagons, casnub bogie, couplers and draft gears, steel castings, forgings bridge girders,
Ratios
structurals, sleepers and wagon components. Burn Standard supplies wagons to Indian
Railways and core sectors like power and steel plants. In FY16, the company produced NPM (%) (20.5) N.A.
319 wagons and 1,716 bogies. During the year, Burn Standard also produced liquid metal C/R (Times) 0.8 N.A.
of 5027 MT translating to 1538 bogies and 1987 couplers. During the same period, the
company secured new orders worth ` 1.9 bn for 2,101 UV wagons, order worth ` 180 mn PSU Status (As of May 2017)
for railway bogie. -

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India’s Top PSUs 2017

Cement Corporation of India Limited Dun & Bradstreet D-U-N-S® No 65-038-4316

Core 5, Scope Complex, 7, Lodhi Road, New Delhi - 110003, Delhi
Website: www.cementcorporation.co.in
About the Company Financial Snapshot (` Mn)
Cement Corporation of India Ltd (CCIL) was incorporated in 1965 as a wholly owned GoI
Parameters FY16 FY17
enterprise with an objective of achieving self-sufficiency in cement production to meet
the requirements of the country. The company is primarily engaged in manufacturing and Total Income 4,561.30 N.A.
marketing of cement. CCIL manufactures various types of cements like ordinary portland
Net Profit (78.70) N.A.
cement, portland slag cement and pozzolana portland cement of different grades viz. 33,
43, 53 and 53S Grade. The company markets the products under the brand name CCI Total Assets 6,410.80 N.A.
Cements. As on Mar 31 2016, CCIL had three operating units in Bokajan, Assam; Rajban,
Ratios
HP; Mandhar, Chhattisgarh; Kurkunta, Karnataka; Nayagaon, MP; Akaltara, Chhattisgarh;
Adilabad, AP; Charkhi Dadri, Haryana and Tandur in AP. The company is operating with the NPM (%) (1.7) N.A.
total installed capacity of manufacturing 1.45 MMTPA of cement. In FY16, CCIL produced C/R (Times) 4.7 N.A.
0.91 MMT of cement and 0.86 MMT of clinker with the cement capacity utilization of
63.13%. During the same year, the company despatched 0.92 MMT of cement. PSU Status (As of May 2017)
-

Central Coalfields Limited Dun & Bradstreet D-U-N-S® No 91-584-0482

Darbhanga House, Ranchi – 834029, Jharkhand
Website: www.centralcoalfields.in
About the Company Financial Snapshot (` Mn)
Central Coalfields Ltd (CCL) was formed in 1975 as National Coal Development Corporation
Parameters FY16 FY17
Ltd. In Oct 2007, the company was accorded the status of a Miniratna Category - I CPSE.
The company is one among eight subsidiaries of CIL. CCL is primarily engaged in coal Total Income 112,976.10 N.A.
mining and offers a wide variety of coal namely washing coking coal as well as non-coking
Net Profit 19,147.00 N.A.
coal. The company operates through 62 operative mines comprising 22 underground
and 40 opencast mines. As on Mar 31 2016, 62 mining projects with ultimate capacity Total Assets 133,656.30 N.A.
of 115.9 MTY and 26 non-mining projects has been sanctioned. Out of this, the company
Ratios
completed 52 projects including 32 mining and 20 non-mining projects. In FY16, the
company produced 1.47 MT of washed coking coal and 8.7 MT of washed non-coking NPM (%) 16.9 N.A.
coal. In FY16, CCL produced 61.32 MT of coal, comprising of 0.8 MT from underground C/R (Times) 1.6 N.A.
mines and 60.47 MT from opencast mines. During the same period, offtake of raw coal
also witnessed a 7.6% growth, reaching to 59.58 MT against 55.33 MT in FY15. PSU Status (As of May 2017)
Miniratna - I

Central Electronics Limited Dun & Bradstreet D-U-N-S® No 91-854-0360

781, Desh bandhu Gupta Road, Karol Bagh, New Delhi – 110005, Delhi
Website: www.celindia.co.in
About the Company Financial Snapshot (` Mn)
Central Electronics Ltd (CEL) was established in 1974 as a GoI enterprise under the Ministry
Parameters FY16 FY17
of Science and Technology. CEL operates three divisions namely; solar, railways and
strategic electronics. Under solar, it offers Solar Cells, Solar PV Modules, Solar Systems, Total Income 2,026.00 N.A.
and Solar Solutions. Its solar products have been qualified to International Standards IEC
Net Profit 85.60 N.A.
61215/61730. Under railways, it offers a range of axle counter systems that are being
used in Railway signalling system for safe running of train, including; Multi Section Digital Total Assets 2,505.80 N.A.
Axle Counter (MSDAC), High Availability Single Section Digital Axle Counter (HASSDAC),
Ratios
Single Section Digital Axle Counter (SSDAC), E1 Interface, RS232 Interface among others.
It also manufactures a range of Piezoelectric Ceramics and microwave electronics used NPM (%) 4.2 N.A.
for both high and low power applications. The company develops a number of critical C/R (Times) 1.4 N.A.
components for strategic applications and is supplying these items to Defence.
PSU Status (As of May 2017)
-

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 India’s Top PSUs 2017

Central Mine Planning & Design

Institute Limited Dun & Bradstreet D-U-N-S® No 65-009-4840
Gondwana Place, Kanke Road, Ranchi - 834031, Jharkhand
Website: www.cmpdi.co.in
About the Company Financial Snapshot (` Mn)
Central Mine Planning & Design Institute Ltd (CMPDI), a Miniratna Category – II CPSE
Parameters FY16 FY17
was incorporated in 1975 as a subsidiary of Coal India Ltd (CIL) for rendering consultancy
services to CIL and its subsidiaries. CMPDI is primarily engaged in offering consultancy Total Income 7,643.50 N.A.
and support services for mineral exploration, mining, infrastructure engineering,
Net Profit 284.80 N.A.
environmental management, and management systems, especially to the mineral, mining
and allied sectors, both within and outside coal industry and the country. Additionally, Total Assets 9,611.70 N.A.
it also assists Ministry of Coal (MoC) and Planning Commission for strategic decisions
Ratios
relating to coal-sector at the national level. It acts as a nodal agency on behalf of GoI
for schemes funded by MoC. The company acts as a nodal agency for co-ordinating NPM (%) 3.7 N.A.
and monitoring R&D activities in the coal sector. CMPDI carried out 0.99 mn mtrs of C/R (Times) 1.3 N.A.
drilling during FY16 in comparison to 0.8 mn mtrs of drilling carried out in FY15 through
departmental resources and outsourcing. During the same period, it prepared 26 project PSU Status (As of May 2017)
reports with capacity addition of about 96 Mty. Miniratna - II

Central Warehousing Corporation Dun & Bradstreet D-U-N-S® No 65-005-8944

4/1, Siri Institutional Area, Hauz Khas, New Delhi - 110016, Delhi
Website: www.cewacor.nic.in
About the Company Financial Snapshot (` Mn)
Central Warehousing Corporation (CWC), a Miniratna Category – I CPSE, was established
Parameters FY16 FY17
in 1957 to provide logistics support to the agricultural sector. CWC is primarily engaged in
the business of scientific storage, warehousing, and allied activities. Under warehousing Total Income 16,399.35 N.A.
facilities, it offers food grain warehouses, industrial warehouses, custom bonded
Net Profit 1,978.17 N.A.
warehouses, container freight stations, inland clearance depots and air cargo complexes.
It also offers services in the area of clearing and forwarding, handling and transportation, Total Assets 30,660.73 N.A.
procurement & distribution, disinfestations services, fumigation services, other ancillary
Ratios
activities and consultancy services for the construction of warehousing infrastructure. As
of March 2016, the company operated 448 warehouses with a total operating storage NPM (%) 12.1 N.A.
capacity of 11.51 MMT, which includes 52 custom bonded warehouses, 31 CFSs/ICDs and C/R (Times) N.A. N.A.
four air cargo complexes with storage capacity of 0.28 MMT, 1.47 MMT and 7401 MT
respectively. During FY16, it constructed additional storage capacity of 0.16 MMT across PSU Status (As of May 2017)
11 states. Miniratna - I

Chennai Petroleum Corporation

Limited Dun & Bradstreet D-U-N-S® No 91-573-9528
536, Anna Salai, Teynampet, Chennai – 600018, TN
Website: www.cpcl.co.in
About the Company Financial Snapshot (` Mn)
Chennai Petroleum Corporation Ltd (CPCL) was incorporated in 1965 as a JV between the
Parameters FY16 FY17
GoI, AMOCO and National Iranian Oil Company. In 2000-01, GoI sold its stake to Indian
Oil Corporation as a part of restructuring, thereby making IOC the major shareholder. Total Income 350,069.80 406,475.60
The company has been conferred with Miniratna Category - I CPSE status by GoI. CPCL is
Net Profit 7,418.60 10,297.50
engaged in manufacturing of various petroleum and speciality products used in industries
like fertilizers, power, petrochemicals etc. The product portfolio of the company include Total Assets 103,316.70 114,955.70
LPG, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha,
Ratios
bitumen, lube base stocks, paraffin wax, fuel oil, hexane and petrochemical feed stocks.
CPCL has two refineries one each in Manali and in Cauvery Basin at Nagapattinam with NPM (%) 2.1 2.5
a combined refining capacity of 11.5 MMTPA. In FY16, the company’s crude throughput C/R (Times) 0.7 0.8
stood at 9.64 MMT comprising 7.24 MMT of imported crude throughput and 2.40 MMT
of indigenous crude throughput. During the year, the company processed two new crudes PSU Status (As of May 2017)
namely, AI Shaheen & Qatar Condensate and Akpo Blend. Miniratna - I

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India’s Top PSUs 2017

Coal India Limited Dun & Bradstreet D-U-N-S® No 65-005-7052

Coal Bhawan Premise No-04 MAR, Action Area-1A, Newtown, Rajarhat, Kolkata - 700156, WB
Website: www.coalindia.in
About the Company Financial Snapshot (` Mn)
Coal India Ltd (CIL) was incorporated in 1974 as Coal Mines Authority Ltd and acquired
Parameters FY16 FY17
its present name in 1975. The company was formed to promote and develop coal mines
which were nationalized by the Government in 1973. Coal India was granted Maharatna Total Income 172,926.30 N.A.
status in 2011. In FY16 CIL contributed to about 84% of the country’s coal production.
Net Profit 163,435.30 N.A.
The company operates 82 mines with seven wholly owned coal producing subsidiaries
and a mine planning and consultancy subsidiary company. CIL is present in eight states Total Assets 208,617.80 N.A.
in India and has a mining company in Mozambique named Coal India Africana Limitada.
Ratios
CIL’s activities include identification of coal reserves, exploration, design, implementation
and optimizing operations for coal extraction in its mines. IN FY16, the company produced NPM (%) 94.5 N.A.
538.7 mn tonnes (MTs) of coal, which was 44.5 MTs higher than that produced during C/R (Times) 3.2 N.A.
FY15. The company operates 15 coal washeries with the total coal washing capacity of
36.8 mn tonnes per year (MTY). Of these 15 washeries, 12 are coking washeries and 3 are PSU Status (As of May 2017)
non-coking washeries. Maharatna

Cochin Shipyard Limited Dun & Bradstreet D-U-N-S® No 65-005-8977

39/6080, Administrative Building, Perumanoor, Kochi - 682015, Kerala
Website: www.cochinshipyard.com
About the Company Financial Snapshot (` Mn)
Cochin Shipyard Ltd (CSL), a Miniratna Category - I CPSE, was incorporated in 1972 as a
Parameters FY16 FY17
fully-owned GoI company. The company commenced shipbuilding operations in 1978,
ship repairs in 1981, marine engineering training in 1993 and offshore upgradation in Total Income 21,097.70 N.A.
1999. CSL operates under two major segments namely shipbuilding and repair of ships
Net Profit 2,750.31 N.A.
& offshore structures. It undertakes repairs of all types of ships including upgradation of
ships of oil exploration industry as well as periodical layup repairs and life extension of Total Assets 35,016.24 N.A.
ships of Navy, UTL, Coast Guard, Fisheries and Port Trust, besides merchant ships of SCI
Ratios
& ONGC. It has built various types of vessels including oil tankers, bulk carriers, bollard
pull tugs, dredger, platform supply vessels, passenger vessels, anchor handling tugs. It NPM (%) 13.0 N.A.
has exported close to 50 ships and vessels to many countries including the US, Germany, C/R (Times) 1.7 N.A.
Netherlands, Cyprus and Saudi Arabia. In FY16, it has delivered six Fast Patrol Vessels
(FPV) to Indian Cost Guard and one Buoy Tender Vessel to the Directorate General of PSU Status (As of May 2017)
Lighthouses and Lightships (DGLL). Miniratna - I

CONCOR Air Limited Dun & Bradstreet D-U-N-S® No 65-082-7863

CONCOR Bhawan, C-3, Mathura Road, New Delhi - 110079, Delhi

About the Company Financial Snapshot (` Mn)

CONCOR Air Ltd (CAL) was incorporated in 2012 and received certificate of commencement
Parameters FY16 FY17
of business in the year 2013. The company is a wholly owned subsidiary of Container
Corporation of India Ltd incorporated to carry on the business of multimodal transport Total Income 3,433.73 N.A.
operators. CAL is primarily engaged in handling both domestic and international cargo.
Net Profit 150.99 N.A.
The company has executed an agreement with Mumbai International Airport Pvt (MIAL)
Ltd to develop and operate Domestic Air Cargo Terminal at Santacruz airport on BOOT Total Assets 2,347.31 N.A.
basis. CAL took over the land at domestic airport for construction of Santacruz Air cargo
Ratios
Terminal in Aug 2013. The same was completed in Mar 2016 and started commercial
operation in June 2016. In FY16, the company handled 390,693 MT of both domestic and NPM (%) 4.4 N.A.
international tonnage, registering a 3.4% growth over previous year. C/R (Times) 1.4 N.A.
PSU Status (As of May 2017)
-

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 India’s Top PSUs 2017

Container Corporation of India Limited Dun & Bradstreet D-U-N-S® No 65-028-0696

C-3, CONCOR Bhawan, Mathura Road, Opp. Apollo Hospital, New Delhi – 110076, Delhi
Website: www.concorindia.com
About the Company Financial Snapshot (` Mn)
Container Corporation of India Ltd (CONCOR), a Navratna company of Ministry of
Parameters FY16 FY17
Railways, GoI, was established in Mar 1988 and commenced operations from Nov 1989.
The company operates through two segments namely, EXIM and domestic which is Total Income 62,392.10 58,953.70
engaged in handling, transportation and warehousing activities. It is engaged in three
Net Profit 9,508.20 8,580.20
distinct activities namely; carrier, terminal operator, and a warehouse operator. Its
terminals offer a wide spectrum of facilities in terms of warehousing, container parking, Total Assets 94,296.80 99,315.70
repair facilities, and even office complexes. As on Mar 2016, the company operated a
Ratios
network of 63 terminals, of which 13 are pure EXIM terminals, 34 are combined container
terminals & 16 are pure domestic terminals. During the same period, it had 13,471 NPM (%) 15.2 14.6
wagons, 20,944 (owned plus leased) containers, 52 Reach Stackers and 16 Gantry cranes. C/R (Times) 1.9 1.6
In FY16, CONCOR carried a total tonnage of 33.40 mn tonnes. During the same period, it
commissioned Multi-Modal Logistics Parks (MMLPs) at Kathuwas and Pantnagar through PSU Status (As of May 2017)
its JV, and established a new ICD at Baddi, HP. Navratna

The Cotton Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 91-535-4372
Kapas Bhavan, Sector 10, C.B.D. Belapur, Navi Mumbai – 400614, Maharashtra
Website: www.cotcorp.gov.in
About the Company Financial Snapshot (` Mn)
The Cotton Corporation of India Ltd (CCI) was incorporated in 1970 for equitable
Parameters FY16 FY17
distribution of cotton among the different constituents of the industry and for canalisation
of imports of cotton. CCI has been nominated as the nodal agency of GoI for undertaking Total Income 170,901.33 N.A.
price support operations whenever the prices of seed cotton touch the support prices.
Net Profit 116.93 N.A.
CCI is primarily engaged in cotton trading. CCI undertakes marketing of cotton and acts
as a role model in the procurement of kapas through open auction, conducted by the Total Assets 50,776.21 N.A.
APMCs. CCI also undertakes commercial operations to enable the cotton farmers to
Ratios
realise competitive prices for their produce as also to meet the requirement of its regular
buyer mills as also for exports. CCI’s operations covers all the major cotton producing NPM (%) 0.1 N.A.
states of India through more than 300 procurement centres, 15 Branch Offices and four C/R (Times) 1.0 N.A.
Sales Branches to cater to the needs of the textile mills. In FY16, CCI sold 8.5 mn bales of
cotton as against 0.4 mn bales in the previous year. PSU Status (As of May 2017)
-

Dredging Corporation of India Limited Dun & Bradstreet D-U-N-S® No 91-862-4151

Core 2, 1st Floor, Scope Minar, Plot No. 2A & 2B, Laxminagar District Centre, Delhi – 110092, Delhi
Website: www.dredge-india.com
About the Company Financial Snapshot (` Mn)
Dredging Corporation of India Ltd (DCI), a Miniratna Category-I CPSE, was established in
Parameters FY16 FY17
1976 to provide dredging and allied services to domestic and overseas users. DCI offers
desired depths in the shipping channels for major and minor ports, Indian Navy, fishing Total Income 6,811.80 5,996.90
harbours and other maritime organisation. DCI is primarily engaged in providing dredging
Net Profit 419.10 74.00
services along with maintenance dredging and capital dredging requirements for major
ports and Indian navy. Other services offered by DCI include beach nourishment, project Total Assets 28,285.11 26,662.69
consultancy and marine construction. DCI’s fleet consisted of 12 trailer suction hopper
Ratios
dredgers, three cutter suction dredgers and one back hoe dredger along with other
ancillary crafts. In FY16, DCI executed capital dredging contracts at Kandla Port, Kamarajar NPM (%) 6.2 1.2
Port and Visakhapatnam Port along with maintenance dredging contract for Kolkata Port, C/R (Times) 2.0 1.9
Cochin Port, Kandla Port, Haldia, and RGPPL-Dabhol. In Nov 2016, DCI secured contract
for dredging of Kolkata Port valued at ` 11.19 bn and in Jan 2017, it secured international PSU Status (As of May 2017)
contract worth ` 1.02 bn for dredging in Pussur Channel in Bangladesh. Miniratna - I

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India’s Top PSUs 2017

Eastern Coalfields Limited Dun & Bradstreet D-U-N-S® No 65-005-8795

CMDs Office, Sanctoria, Post - Dishergarh, District Burdwan – 713333, WB
Website: www.easterncoal.gov.in
About the Company Financial Snapshot (` Mn)
Eastern Coalfields Ltd (ECL) was incorporated in 1975 as a subsidiary of Coal India Ltd
Parameters FY16 FY17
upon taking over the assets and liabilities of eastern division of Coal Mines Authority
Ltd. The company is primarily engaged in production and sale of coal. ECL is engaged in Total Income 104,260.40 N.A.
coal mining with the mining areas of the company situated in WB and Jharkhand. The
Net Profit 8,680.20 N.A.
products provided by the company include raw coal, coking coal and non–coking coal.
ECL has 14 operating areas with 105 operating mines out of which 74 are underground Total Assets 102,885.60 N.A.
mines, 22 are opencast mines and nine are mixed mine. ECL has total coal reserve of
Ratios
49,320 MMT comprising of 30,690 MMT in WB and 18,630 MMT in Jharkhand. The coal
produced by ECL is dispatched mainly by the modes of roads and railways and is supplied NPM (%) 8.3 N.A.
to thermal power plants along with various industries including steel, cement, sponge C/R (Times) 1.5 N.A.
iron and defence amongst others. In FY17, the company’s coal production and offtake of
coal stood at 40.52 MMT and 43.02 MMT respectively. PSU Status (As of May 2017)
-

EdCIL (India) Limited Dun & Bradstreet D-U-N-S® No 86-219-5575

Head Office - Plot No - 18 - A, EDCIL House, Sector - 16 - A, Gautam Budh Nagar, Film City, Noida - 201301, Delhi
Website: www.edcilindia.co.in
About the Company Financial Snapshot (` Mn)
EdCIL (India) Ltd (EDCIL), formerly known as Educational Consultants India Ltd was
Parameters FY16 FY17
incorporated in the year 1981. The company is a Miniratna Category - I PSU under the
aegis of Ministry of HRD. EdCIL offers consultancy and project management services Total Income 1,755.60 N.A.
across the entire education and human resource development value chain. EdCIL
Net Profit 309.66 N.A.
provides an array of educational sector services, covering project planning, project
design, engineering, construction management, procurement, ICT, online testing Total Assets 2,283.85 N.A.
and assessment, students placement and teachers secondment abroad. EdCIL design
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customized and implementable solutions for across a wide range of services such as
Online Testing & Assessment Services, Advisory Services, Digital Education Systems, NPM (%) 17.6 N.A.
Education Infrastructure Services, Education Procurement Services, Overseas Education C/R (Times) 1.3 N.A.
Services and Technical Support Group. EdCIL also renders online recruitment services
to several State, Central Govt entities, autonomous bodies and CPSEs. In FY16, EdCIL PSU Status (As of May 2017)
conducted online recruitment tests for 1.5 mn candidates. Miniratna - I

Electronics Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 65-064-4289
ECIL Post Office, Hyderabad – 500062, Telangana
Website: www.ecil.co.in
About the Company Financial Snapshot (` Mn)
Electronics Corporation of India Ltd (ECIL) was incorporated in 1967 and works under
Parameters FY16 FY17
the administrative control of Department of Atomic Energy, GoI. ECIL designs, develops,
manufacture and market several products with emphasis on three technology lines viz. Total Income 14,358.36 N.A.
computers, control systems and communication. ECIL is engaged in developing various
Net Profit 745.42 N.A.
electronic products and services catering to the needs of defence, civil aviation, information
& broadcasting, telecommunications, insurance, banking, police, para – military forces, oil Total Assets 25,982.97 N.A.
& gas, power, space education, health, agriculture, steel and coal sectors among various
Ratios
others. In FY16, the company introduced new products namely, high temperature fission
chambers, rotary electromechanical actuators, linear variable differential transformers, NPM (%) 5.2 N.A.
ship borne communication terminals and multiband feed system for antennae amongst C/R (Times) 1.4 N.A.
others. In FY16, ECIL booked orders worth ` 13.41 bn taking the total order book position
to ` 16.4 bn as on Mar 31 2016. During the year, ECIL completed National Population PSU Status (As of May 2017)
Register and Socio-Economic Caste Census projects. -

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Engineering Projects (India) Limited Dun & Bradstreet D-U-N-S® No 65-007-7753

Core 3, Scope Complex, 7 Institutional Area, Lodhi Road, New Delhi – 110003, Delhi
Website: www.epi.gov.in
About the Company Financial Snapshot (` Mn)
Engineering Projects (India) Ltd (EPI), a Miniratna Category – II CPSE was incorporated
Parameters FY16 FY17
in 1970 under the administrative control of the Department of Heavy Industry, GoI.
The company undertakes projects in India and abroad. EPI is an integrated engineering Total Income 13,231.94 N.A.
company which undertakes various projects from concept to commissioning in the fields
Net Profit 245.46 N.A.
of civil engineering, material handling projects, metallurgical & coal based projects,
oil petrochemical & chemical, industrial projects & process plants, water supply, Total Assets 16,099.39 N.A.
environment & industries. EPI has completed over 540 projects in India and 31 projects in
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overseas market in Iraq, Kuwait, Saudi Arabia, UAE, Oman, Yugoslavia, Maldives, Bhutan
and Thailand amongst others. In FY16, EPI secured projects worth ` 40 bn in India and NPM (%) 1.9 N.A.
abroad taking the order book position to ` 90.8 bn as on Mar 31 2016. Some of the C/R (Times) 1.2 N.A.
projects secured in FY16 include Engineer – 3 Project (PhaseII) in Oman valued at ` 30 bn,
construction of Mega Urban Complex in Odisha valued at ` 450 mn and establishment of PSU Status (As of May 2017)
RGCB bio-innovation centre phase – I valued at ` 582 mn. Miniratna - II

Engineers India Limited Dun & Bradstreet D-U-N-S® No 65-004-6956

Engineers India Bhavan, 1, Bhikaji Cama Place, New Delhi - 110066, Delhi
Website: www.engineersindia.com
About the Company Financial Snapshot (` Mn)
Engineers India Ltd (EIL), a Navratna company, was incorporated in 1965. EIL is an
Parameters FY16 FY17
engineering consultancy firm providing design, engineering, procurement, construction
and integrated project management services. It focuses on the oil, gas and petrochemicals Total Income 17,588.07 16,723.04
industries in India and abroad. EIL also operates in sectors including water & waste
Net Profit 2,761.94 3,250.37
management, solar & nuclear power and fertilizers. It also provides specialist services
such as heat and mass transfer equipment design, specialist materials and maintenance Total Assets 40,789.02 N.A
and plant operations and safety services. EIL has overseas presence through offices in Abu
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Dhabi, London, Milan and Shanghai. The order book position of the company stood at
` 0.33 bn as on Mar 31 2016. In FY16, it secured new business of ` 15.96 bn, which includes NPM (%) 15.7 19.4
` 12.10 bn from domestic consultancy and turnkey business and ` 3.86 bn from overseas C/R (Times) 2.5 N.A
business. Some of the fresh orders bagged by the company included; consultancy services
for life extension of well head platform project for ONGC; and PMC services for laying skin PSU Status (As of May 2017)
effect heat traced pipelines with associated facilities for BPCL. Navratna

Ferro Scrap Nigam Limited Dun & Bradstreet D-U-N-S® No 65-009-8213

FSNL Bhawan, Equipment Chowk, Central Avenue, Post Box No. 37, Bhilai, Dist-Durg - 490001, Chhattisgarh
Website: www.fsnl.co.in
About the Company Financial Snapshot (` Mn)
Ferro Scrap Nigam Ltd (FSNL) was incorporated in 1979. FSNL is a Mini Ratna II CPSE
Parameters FY16 FY17
under Ministry of Steel. FSNL is a wholly-owned subsidiary of MSTC Ltd. FSNL performs
function of recovery and processing of metallic scrap from slag and refuse generated Total Income 3,470.69 N.A.
during iron and steel making at steel plants. FSNL offers metal scrap recovery and slag
Net Profit 211.09 N.A.
handling services. Various services offered include processing of iron and steel scrap,
acid neutralization, disposal yard management, scarfing of defective slabs, segregation of Total Assets 3,683.72 N.A.
refractory bricks, hot slag pit management, crushing & screening of LD slag for further use
Ratios
at steel plants, handing & processing of iron & steel skulls, mill rejects & jams by lancing
and transportation of worked through slag after metallic recovery. In FY17, the company NPM (%) 6.1 N.A.
recovered and processed 2.64 MMT of metallic scrap and also handled and processed C/R (Times) 2.0 N.A.
8.04 MMT of slag. Some of the prestigious customers of the company include SAIL, BHEL,
Air India, RINL, Rail Wheel Factory and NINL amongst others. PSU Status (As of May 2017)
Miniratna - II

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India’s Top PSUs 2017

The Fertilizers and Chemicals

Travancore Limited Dun & Bradstreet D-U-N-S® No 86-433-0609
Eloor, Udyogamandal, Kochi - 683501, Kerala
Website: www.fact.co.in
About the Company Financial Snapshot (` Mn)
The Fertilizers and Chemicals Travancore Ltd (FACT) was established in 1943. It became the
Parameters FY16 FY17
Kerala State Public Sector Enterprise in 1960 and in 1962 the GoI acquired a majority stake
in the company, thus converting it into a PSU. It is a diversified multidivision organisation Total Income 17,649.71 N.A.
with operations in manufacture and marketing of fertilizers, caprolactam, engineering,
Net Profit (4,521.95) N.A.
consultancy & design, fabrication & erection of industrial equipments. Under fertilisers,
FACT offers ammonium sulphate, factamfos, factmix, gypsum, zincated gypsum; while Total Assets 16,315.02 N.A.
under caprolactam, it offers nitric acid, soda ash, carpolactum. It also offers bio-fertilisers
Ratios
such as Rhizobium, Azospirillum, and Phosphobacter along with certain by-products
including CO2 and Gypsum amongst others. The company has two manufacturing NPM (%) (25.6) N.A.
divisions; a consultancy unit namely FACT Engineering & Design Organisation (FEDO); a C/R (Times) 1.1 N.A.
fabrication division namely Fact Engineering Works and a marketing division. In FY16, the
company produced 527,445 MT of factamfos and 79,567 MT of ammonium sulphate. PSU Status (As of May 2017)
During the same period, it marketed 7.04 lakh MT of fertilisers. -

Food Corporation of India Dun & Bradstreet D-U-N-S® No 91-655-6546

16-20, Barakhamba Lane, New Delhi - 110001, Delhi
Website: www.fciweb.nic.in
About the Company Financial Snapshot (` Mn)
Food Corporation of India (FCI) was constituted by the act of parliament and came into
Parameters FY16 FY17
existence in 1965 for the purpose of trading in food grains and other foodstuffs and
other related matters. FCI works under the Department of Food & Public Distribution, Total Income 1,424,869.54 N.A.
Ministry of Consumer Affairs, Food & Public Distribution, GoI. FCI is primarily engaged in
Net Profit - N.A.
purchase, storage, movement, distribution and sale of food grains on behalf of the GoI.
FCI is also responsible for execution of food policies of GoI. As on Mar 31 2016, FCI had a Total Assets 1,184,686.39 N.A.
total storage capacity of 35.8 MMT comprising 33.2 MMT covered capacity and 2.6 MMT
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of covered and plinth capacity. In FY16, FCI’s storage capacity utilisation stood at 69%.
During the same period, the overall movement of food grains stood at 38.4 MMT and NPM (%) - N.A.
total export of raw-rice grade-A to Myanmar stood at 11.6 MMT. During the year, FCI sold C/R (Times) 1.1 N.A.
and purchased food grains worth ` 292.9 bn and ` 116.5 bn. In FY16, the Corporation
handled 100.4 MMT of food grains against 98.7 MMT during the previous year. PSU Status (As of May 2017)
-

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

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 India’s Top PSUs 2017

GAIL (India) Limited

About the Company
GAIL (India) Ltd (GAIL) was incorporated in Aug 1984 as a CPSU under the
Ministry of Petroleum & Natural Gas (MoP&NG). The company started its
journey with construction, operation & maintenance of the Hazira - Vijaypur
-Jagdishpur (HVJ) pipeline project. Today, GAIL has diversified into natural
gas transmission, processing, distribution, petrochemicals, power as well as
exploration and production. GAIL is the largest natural gas company in India
with presence across the entire gas value chain.
Business Operations
GAIL is primarily engaged in the marketing and transmission of natural gas and
B.C. Tripathi LPG, petrochemicals, production of LPG and other liquid hydrocarbons.
Chairman & Managing Director 1. Natural Gas Transmission: GAIL has an existing network of 11,000 kms of
Dun & Bradstreet D-U-N-S® No 65-007-1269 robust gas pipeline infrastructure with a capacity of 210 MMSCMD which
Financial Snapshot (` Mn) accounts for nearly 75% of the total natural gas pipeline transmission.
2. LPG & Other Liquid Hydrocarbons: GAIL operates 6 LPG plants with a
Parameters FY16 FY17
production capacity of 1.40 MMT of LPG and other liquid hydrocarbons
Total Income 527,718.50 488,829.90 namely- Propane, Pentane and Naphtha. Additionally, the company is also
Net Profit 22,989.00 35,029.10 engaged in LPG transmission, operating exclusive pipelines for third-party
Total Assets 529,942.60 562,699.90 usage. It operates two LPG pipeline transmission systems - Jamnagar Loni
LPG pipeline & Vizag-Secunderabad Pipeline, with a network length of
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2,038 kms and o transport capacity of 3.83 MMTPA of LPG. While LPG is
NPM (%) 4.4 7.17 being sold exclusively to PSU Oil Marketing Companies (OMCs), other LHC
C/R (Times) 1.0 1.09 products are sold directly to industrial customers in retail segment.
PSU Status (As of May 2017) 3. Petrochemicals: GAIL operates a gas based petrochemical plant in Pata,
UP with a capacity of 0.81 MMTPA and owns operates another green field
Maharatna petrochemical project through its subsidiary Brahmaputra Cracker and
Polymer Ltd (BCPL).
Management Details
4. City Gas Distribution: GAIL operates its CGD business through its subsidiary
Chairman & Managing Director & joint venture companies catering to over 19 lakh vehicles & 19 lakh
B.C. Tripathi households. The company caters to domestic, industrial and commercial
Directors customers through pipes as Piped Natural Gas (PNG) and in compressed
Dr. A. Karnatak form to the automotive segment as Compressed Natural Gas (CNG).
S. Purkayastha 5. Exploration & Production: GAIL has participating interests in 12 E&P blocks
P.K. Gupta (10 in India and 2 overseas in Myanmar). Production of oil and gas is in
G. Singh progress in 4 blocks and 3 blocks are in development and appraisal phases.
A. Chatterjee 6. Power & Renewables: GAIL is engaged in the renewable energy space with
S.K. Srivastava
wind & solar energy plants with capacity of 118 MW & 5 MW respectively.
A. Kulshreshtha
S. Tandon International Presence
D.P. Srivastava
GAIL operates a wholly owned subsidiary company namely; GAIL Global
Dr. AK Pujari
(Singapore) Pte Ltd in Singapore for sourcing and sale of LNG, LNG and
petrochemicals trading and overseas investments. It owns GAIL Global (USA)
Inc in US which has acquired 20% working interest with Carrizo Oil & Gas Inc in
Address
the Eagle Ford shale acreage in the state of Texas, US. It has secured 5.8 MMTPA
GAIL Bhawan of LNG from USA on long term basis for which volumes are expected from 2018.
16 Bhikaji Cama Place In FY16, GGSPL successfully tied up 0.5 MMTPA of long term Henry Hub based
R K Puram gas volume in the international market.
New Delhi - 110066 GAIL remains committed to the principles of Corporate Social Responsibility
Delhi
(CSR and as per the provisions of Section 135 of the Companies Act, 2013,
Website spends an average of 2 % of PBT of the preceding 3 years on CSR. The Company’s
www.gailonline.com
vision of “value creation” for all stakeholders remains the guiding force behind
all the social interventions. GAIL has progressively worked to reduce its carbon
footprints as per Sustainability Aspirations 2020.

Advertorial 17
India’s Top PSUs 2017

GAIL Gas Limited Dun & Bradstreet D-U-N-S® No 91-655-4206

16, Bhikaiji Cama Place, R.K. Puram, New Delhi - 110066, Delhi
Website: www.gailgas.com
About the Company Financial Snapshot (` Mn)
GAIL Gas Ltd (GAIL Gas) was incorporated in 2008 as a wholly owned subsidiary of GAIL
Parameters FY16 FY17
(India) Ltd for implementation of City Gas Distribution (CGD) projects. GAIL gas has been
authorized by the Petroleum and Natural Gas Regulatory Board for implementing CGD Total Income 15,539.30 N.A.
projects in various cities of the country. GAIL Gas is engaged in the retail gas distribution
Net Profit 389.60 N.A.
business of supplying CNG to the transport sector and PNG to the domestic, industrial
and commercial sectors. The company is undertaking CGD projects in Dewas, MP; Total Assets 10,087.70 N.A.
Kota, Rajasthan; Sonipat, Haryana; Meerut and Taj Trapezium Zone, UP and Bengaluru
Ratios
, Karnataka. GAIL Gas is also undertaking city gas business in Kerala, AP, Karnataka,
Rajasthan, Gujarat, Uttarakhand and North Goa through its JVs. In FY16, the CNG and PNG NPM (%) 2.5 N.A.
sales stood at 38 MMSCM and 702.8 MMSCM respectively. In Apr 2017, the company C/R (Times) 1.0 N.A.
signed business transfer agreement with Rajasthan State Gas Ltd for setting retail gas
infrastructure and opening GNG corridors connecting key cities in the state of Rajasthan. PSU Status (As of May 2017)
-

Garden Reach Shipbuilders &

Engineers Limited Dun & Bradstreet D-U-N-S® No 65-005-0156
43/46, Garden Reach Road, Kolkata - 700024, WB
Website: www.grse.nic.in
About the Company Financial Snapshot (` Mn)
Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Miniratna Category – I CPSE was
Parameters FY16 FY17
established in 1934 as a joint stock company under the name of Garden Reach Workshops
Ltd. GRSE was taken over by GoI in 1960 and subsequently in 1977 the company acquired Total Income 18,817.67 N.A.
its present name. GRSE is a warship building company with its business divided in three
Net Profit 1,607.19 N.A.
segments namely ship building, engineering and engine products. Under shipbuilding
division, GRSE manufactures frigates, missile corvette, fast patrol vessels, offshore patrol Total Assets 74,718.75 N.A.
vessel and landing ship tank among various others. In engineering division, the company
Ratios
manufactures portable bridges, deck machinery items and centrifugal pumps. In FY16,
GRSE delivered second Indigenous Anti-Submarine Warfare Corvette, ’INS Kadmatt’ to NPM (%) 8.5 N.A.
Indian Navy and completed the Guarantee Refit of CGS Barracuda of National Coast C/R (Times) 1.1 N.A.
Guard, Mauritius. During the year, the company secured order worth ` 3.7 bn for 5 follow-
on fast patrol vessels from Indian Coast Guard. PSU Status (As of May 2017)
Miniratna - I

Goa Shipyard Limited Dun & Bradstreet D-U-N-S® No 65-005-8449

Vasco - Da – Gama, Goa - 403802, Goa
Website: www.goashipyard.co.in
About the Company Financial Snapshot (` Mn)
Goa Shipyard Ltd (GSL), a Miniratna Category – I CPSE was established in 1957 under the
Parameters FY16 FY17
name of Estaleiros Navais De Goa. In 1961, the company was taken over by GoI and in 1967
it acquired its present name. GSL functions under the administrative control of Ministry Total Income 8,045.20 11,025.70
of Defence, GoI. GSL is primarily engaged in designing, building and commissioning a
Net Profit 622.80 1,154.90
wide range of sophisticated vessels for varied applications in defence and commercial
sectors. The vessels manufactured by GSL include patrol vessels, interceptor craft, sail Total Assets 19,356.60 22,000.10
training ships, survey motor boats and mine counter measure vessel amongst others. GSL
Ratios
also offers various other services including ship repair and refit, ship moderations and
conversions and general engineering services. As on Mar 31 2016, the outstanding order NPM (%) 7.7 10.5
book position of the company stood at ` 21.8 bn. In FY16, GSL secured orders from Indian C/R (Times) 1.6 1.5
Navy for construction of four fuel barges, setting up of Damage Control Training Facility
at Visakhapatnam and setting up of Nuclear, Biological & Chemical Training Facility at INS PSU Status (As of May 2017)
Shivaji, Lonavla. Miniratna - I

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 India’s Top PSUs 2017

The Handicrafts & Handlooms Exports

Corporation of India Limited Dun & Bradstreet D-U-N-S® No 91-596-2194
5th Floor, Jawahar Vyapar Bhawan Annexe, 1, Tolstoy Marg, New Delhi – 110001, Delhi
Website: www.hhecworld.com
About the Company Financial Snapshot (` Mn)
The Handicrafts & Handlooms Exports Corporation of India Ltd (HHEC) was established
Parameters FY16 FY17
in 1958 under the Ministry of Textile with an objective of development and export of
Indian handlooms and handicrafts of the cottage industries. HHEC is primarily engaged in Total Income 19,793.58 N.A.
development and marketing of Indian handicrafts and handloom products by showcasing
Net Profit (107.59) N.A.
these products in the international markets through its showrooms, warehouses, retail
outlets and offices. The products are divided under handicrafts, handlooms, garments, Total Assets 1,137.08 N.A.
floor coverings, carpets and leather. HHEC also undertakes export of gold and silver
Ratios
jewellery & articles and import of bullion and sale in the domestic market. The portfolio
of products in which HHEC trades includes furniture, glass beads, ceramic tiles, baskets, NPM (%) (0.5) N.A.
utensils, carpets, dress fabrics, shawls and office accessories among various others. HHEC C/R (Times) 1.0 N.A.
exports its products to the countries like France, US, Japan, Spain, Italy, UK, South Africa,
Kuwait and UAE among various others. In FY16, HHEC opened four new retail outlets and PSU Status (As of May 2017)
signed agreement with DTTDC for development and civil works of SAARC Museum. -

Heavy Engineering Corporation

Limited Dun & Bradstreet D-U-N-S® No 65-005-0370
Plant Plaza Road, Dhurwa, Ranchi – 834004, Jharkhand
Website: www.hecltd.com
About the Company Financial Snapshot (` Mn)
Heavy Engineering Corporation Ltd (HECL) was incorporated as a GoI enterprise in
Parameters FY16 FY17
1958 with an aim to indigenously manufacture and supply steel plant equipment and
machineries. HECL is an integrated engineering corporation and has diversified into Total Income 4,446.33 N.A.
various business areas such as steel plants and metallurgical plant equipments, mining
Net Profit (1,447.75) N.A.
and mineral processing equipments, machine tools, defense & strategic sector and heavy
castings & forgings. Some of the products manufactured by HECL include blast furnace, Total Assets 7,894.49 N.A.
forged rolls, cone crusher, planning machine, role grinding machine and steel forgings
Ratios
amongst others. As on Mar 31 2016, the order book position of HECL stood at ` 12.9 bn.
In Jun 2016, HECL signed MoU with National Institute of Foundry & Forge Technology for NPM (%) (32.6) N.A.
establishment of Common Engineering Facility Centre on metal process technology. In C/R (Times) 0.6 N.A.
Jan 2017, the company bagged order worth ` 1023 mn from Northern Coalfields Ltd for
supply of 15 buckets for Dragline. PSU Status (As of May 2017)
-

Hindustan Aeronautics Limited Dun & Bradstreet D-U-N-S® No 65-043-8559

15/1 Cubbon Road, Bengaluru – 560001, Karnataka
Website: www.hal-india.com
About the Company Financial Snapshot (` Mn)
Hindustan Aeronautics Ltd (HAL) was incorporated in 1964 as a result of merger of
Parameters FY16 FY17
Hindustan Aircraft Ltd and Aeronautics India Ltd. HAL is a wholly owned GoI undertaking
under the administrative control of Ministry of Defence. HAL has been accorded with the Total Income 184,982.81 N.A.
Navratna status by the GoI. HAL is primarily engaged in design, development, manufacture,
Net Profit 16,537.68 N.A.
repair and overhaul of aircraft, helicopter, engines and related systems like avionics,
instruments and accessories. The company has 20 production and overhaul divisions and Total Assets 575,094.89 N.A.
11 research and design centres co-located with the production division organised into five
Ratios
complexes. HAL’s major domestic and international customers include Indian Army, BHEL,
ISRO, ONGC, Boeing, Airbus Industries and Royal Air Force amongst others. In FY17, the NPM (%) 8.9 N.A.
company received orders worth ` 210 mn including order for manufacturing of 12 Do-228 C/R (Times) 1.5 N.A.
aircraft for the Indian Navy, 32 ALH for the Indian Navy and the Coast Guard and AL-31 FP
engines for Su 30 MkI. In Feb 2017, HAL signed MoU with CPWD for Greenfield Helicopter PSU Status (As of May 2017)
Factory Infrastructure Development at Tumakuru. Navratna

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India’s Top PSUs 2017

Hindustan Copper Limited Dun & Bradstreet D-U-N-S® No 65-008-6051

Tamara Bhavan, 1 Ashutosh Chowdhury Avenue, Kolkata - 700019, WB
Website: www.hindustancopper.com
About the Company Financial Snapshot (` Mn)
Hindustan Copper Ltd (Hindustan Copper) was incorporated in 1967. Hindustan Copper
Parameters FY16 FY17
is a public sector company under the administrative control of the Ministry of Mines. The
company is a vertically integrated copper producing company engaged in manufacturing Total Income 10,718.80 12,204.30
copper right from the stage of mining to beneficiation, smelting, refining and casting of
Net Profit 379.70 621.70
refined copper metal into downstream saleable products. It has a wide range of product
portfolio which supplies copper cathodes, copper wire bar, continuous cast copper rod Total Assets 27,721.30 31,726.90
and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and
Ratios
sulphuric acid. The company’s mines and plants are spread across five operating units,
each located in the states of Rajasthan, MP, Jharkhand, Gujarat and Maharashtra. In NPM (%) 3.5 5.1
FY16, the ore production of the company stood at 39.08 lakh MT, while overall Metal in C/R (Times) 1.6 1.4
concentrate (MIC) production grew 27% to reach 31,578 MT. In Oct 2016, the company
initiated its fifth unit Gujarat Copper Project (GCP). PSU Status (As of May 2017)
Miniratna - I

Hindustan Insecticides Limited Dun & Bradstreet D-U-N-S® No 65-005-0420

2nd Floor, Core – 6, SCOPE Complex, 7, Lodi Road, New Delhi – 110003, Delhi
Website: www.hil.gov.in
About the Company Financial Snapshot (` Mn)
Hindustan Insecticides Ltd (HIL) was incorporated in 1954 to supply DDT for National
Parameters FY16 FY17
Malaria Eradication Programme launched by GoI. HIL is a GoI enterprise under the
Department of Chemicals & Petrochemicals. HIL operates in three business verticals Total Income 3,231.48 N.A.
namely public health, crop protection and seed. HIL is primarily engaged in manufacturing
Net Profit 18.28 N.A.
of insecticides, fungicides, herbicides, acaricides, weedicides and various types of quality
seeds. The product portfolio includes DDT, malathion, monocrotophos, mancozeb, Total Assets 3,702.64 N.A.
dicofol, CPP, buprofezin, and imidacloprid amongst others. HIL exports its products to
Ratios
African, South American, European, CIS and Asian countries like Myanmar, Namibia, Peru,
Israel, Spain, Mexico and Georgia amongst others. In FY16, HIL produced 11,322 MT/KL NPM (%) 0.6 N.A.
of pesticides and 100,000 qntls of seeds. During the year, HIL exported 365.72 MT of DDT C/R (Times) 1.3 N.A.
75%, 186.5 MT of MZB80% and 180 MT of hilthane M-45. In FY16, the company also
supplied 55,763 seeds minikits of oilseeds to farmers under National Mission on Oilseed PSU Status (As of May 2017)
& Oil Palm. -

Hindustan Newsprint Limited Dun & Bradstreet D-U-N-S® No 85-839-5601

Newsprint Nagar, Kottayam District - 686616, Kerala
Website: www.hnlonline.com
About the Company Financial Snapshot (` Mn)
Hindustan Newsprint Ltd (HNL), a GoI enterprise was incorporated in 1983 as a wholly
Parameters FY16 FY17
owned subsidiary of the Hindustan Paper Corporation Ltd (HPC). HNL is primarily engaged
in the production of newsprint. HNL produces a wide range of newsprint grades that Total Income 3,416.70 N.A.
ranges from 48.8 gsm to 45 gsm with standard and pink colours. The company also
Net Profit 14.20 N.A.
produces writing & printing paper, chemi mech pulp, chemical pulp and de-linked pulp.
The company had an annual installed capacity of producing 100,000 MT of saleable Total Assets 4,332.40 N.A.
newsprint. HNL primarily caters to the newspaper and publishing industry. Its clientele
Ratios
includes Malayala Manorama, The New Indian Express, Sanmarg, The Hindu, Anand
Printers and Deccan Chronicle to name a few. HNL is also spreading its wings in the markets NPM (%) 0.4 N.A.
of Sri Lanka and Malaysia. In FY16, the company’s production and sale of newsprint and of C/R (Times) 1.1 N.A.
writing & printing paper stood at 10,050 MT and 98,702 MT respectively.
PSU Status (As of May 2017)
Miniratna - I

20
 India’s Top PSUs 2017

Hindustan Paper Corporation Limited Dun & Bradstreet D-U-N-S® No 65-005-8852

75-C, Park Street, Kolkata-700016, WB
Website: www.hindpaper.in
About the Company Financial Snapshot (` Mn)
Hindustan Paper Corporation Ltd (HPC) is a GoI enterprise which was incorporated in 1970.
Parameters FY16 FY17
HPC functions under the administrative control of Department of Heavy Industry. The
company has two subsidiaries namely Hindustan Newsprint Limited (HNL) in Kerela with Total Income 4,086.50 N.A.
annual capacity of 100,000 MT and Nagaland Pulp and Paper Co Ltd (NPPC) in Nagaland
Net Profit (3,701.40) N.A.
with annual capacity of 33,000 MT. HPC is primarily engaged in the manufacturing and
sale of printing & writing paper and newsprint. The product portfolio of the company Total Assets 12,186.30 N.A.
include coloured printing paper, offset cartridge, typewriting paper, copier paper, white
Ratios
offset printing, computer stationery paper and deluxe maplitho amongst others. The
company operates two manufacturing units located in Assam which includes Nagaon NPM (%) (90.6) N.A.
Paper Mill and Cachar Paper Mill each operating with annual capacity of 100,000 MT of C/R (Times) 0.4 N.A.
writing & printing paper including 20,000 MT of newsprint. Overall, it operates four mills,
11 sales depots and five regional offices across the country. PSU Status (As of May 2017)
Miniratna - I

Hindustan Petroleum Corporation

Limited Dun & Bradstreet D-U-N-S® No 65-005-4943
17, Jamshedji Tata Road, Post Box No. 11041, Mumbai - 400020, Maharashtra
Website: www.hindustanpetroleum.com
About the Company Financial Snapshot (` Mn)
Hindustan Petroleum Corporation Ltd (HPCL) incorporated in 1952 is engaged in the
Parameters FY16 FY17
exploration, production and marketing of petroleum and petrol-related products that
include petrol, diesel, kerosene, liquefied petroleum gas, naphtha, lubricants, specialties Total Income 1,988,879.90 2,153,177.10
and greases. HPCL also provides aviation refueling services at various airports across
Net Profit 37,261.60 62,088.00
India and caters to bulk fuel demand from industrial consumers and international buyers.
HPCL also lays pipelines for transportation of petroleum products to end users. HPCL Total Assets 704,709.30 N.A.
operates two major refineries at Mumbai, Maharashtra and Vishakhapatnam, AP. In Dec
Ratios
2016, HPCL signed a Consortium Agreement with Indian Oil Corporation Ltd and Bharat
Petroleum Corporation Ltd to carry out pre project activities for setting up of 60 MMTPA NPM (%) 1.9 2.9
West Coast Refinery and a petrochemical project in Maharashtra through a JV company. C/R (Times) 1.0 N.A.
In Jan 2017, an MOU was signed between HPCL, GAIL (India) Ltd and Government of AP
regarding the proposed Greenfield Standalone Petrochemical Complex, in AP. PSU Status (As of May 2017)
Navratna

Hindustan Prefab Limited Dun & Bradstreet D-U-N-S® No 65-063-8141

Jangpura, Near Rajdoot Hotel, New Delhi – 110014, Delhi
Website: www.hindprefab.in
About the Company Financial Snapshot (` Mn)
Hindustan Prefab Ltd (HPL) was incorporated in the year 1953 in the name of Housing
Parameters FY16 FY17
Factory Ltd. HPL is engaged in providing project management consultancy services. HPL
undertakes mass housing & infrastructure works for urban poor, institutional buildings Total Income 4,421.28 N.A.
and residential complexes, hospital buildings & health infrastructure, environmental
Net Profit 100.56 N.A.
engineering projects, interiors & furniture, sports complexes, campus development,
relocatable prefab multipurpose shelters, prefab concrete construction, pre-engineered Total Assets 3,205.90 N.A.
steel structure and disaster rehabilitation projects. As on Mar 31 2016, the order book
Ratios
position of HPL stood at ` 11.4 bn. In FY16, the company secured new orders worth `
7.55 bn including projects for construction of infrastructure for NDRF, renovation and NPM (%) 2.3 N.A.
augmentation of water supply scheme in Mizoram and construction of ISBT at Siliguri C/R (Times) 1.2 N.A.
amongst few. Major projects completed during the year include NIT Silchar, Judicial
Academy-Ernakulam, NUALS-Kochi, Income Tax Project-Firozabad, Delhi Police- Gokulpuri, PSU Status (As of May 2017)
FCI Projects at Bindukuri, Seppa, Yingkong, Tawang & Kumarghat. -

21
India’s Top PSUs 2017

Hindustan Shipyard Limited Dun & Bradstreet D-U-N-S® No 65-005-0255

Gandhigram PO, Gandhigram, Visakhapatnam – 530005, AP
Website: www.hslvizag.in
About the Company Financial Snapshot (` Mn)
Hindustan Shipyard Ltd (HSL) was incorporated in 1941 by the Scindia Steam Navigation
Parameters FY16 FY17
Company which was partially taken over by the GoI in 1952 and became a fully owned
GoI enterprise in 1961. The company is under the administrative control of Ministry Total Income 6,485.60 N.A.
of Shipping. HSL is primarily engaged in ship building and repair activities with the
Net Profit 190.04 N.A.
operations divided into three divisions namely ship building division, ship repairs division
and submarine division. The ship building division manufactured range of ships including Total Assets 10,782.77 N.A.
bulk carriers, general cargo & supply vessels, patrol vessels and drill ships covering
Ratios
defence and oil sectors. The company presently has 21 vessels under various stages of
construction. As on Mar 31 2016, shipbuilding orders worth ` 10.8 bn were in hands. In NPM (%) 2.9 N.A.
FY16, the company repaired nine vessels of various kinds for Indian Navy, DCI, SCI, FSI C/R (Times) 0.6 N.A.
and VPT. During the year, the company delivered three ships including one inshore patrol
vessels for Indian Coast Guard and two 25 tonnes bollard pull tugs for Indian Navy. PSU Status (As of May 2017)
-

Hindustan Steelworks Construction

Limited Dun & Bradstreet D-U-N-S® No 91-928-5130
P-34A, Gariahat Road (South), Kolkata - 700031, WB
Website: www.hscl.co.in
About the Company Financial Snapshot (` Mn)
Hindustan Steelworks Construction Ltd (Hindustan Steelworks) was incorporated in the
Parameters FY16 FY17
year 1964. The company was incorporated as a construction agency of GoI to mobilise
indigenous capability for putting up integrated steel plants in the country. The company Total Income 14,164.67 N.A.
has become a subsidiary of NBCC India Ltd (NBCC) from Apr 1, 2017 subsequent to its
Net Profit 301.90 N.A.
takeover by NBCC which will hold 51% equity share capital of Hindustan Steelworks.
Hindustan Steelworks is engaged in construction and erection of integrated steel plants Total Assets 20,330.85 N.A.
covering all units like blast furnace, coke oven, raw material plant, rolling mills, sintering
Ratios
plants, steel melting shops, oxygen plant, continuous casting etc. It has diversified its
business activities in other sectors like thermal & hydel power plants, coal & mining NPM (%) 2.1 N.A.
complexes, pollution & environment control, civil engineering works, and industrial C/R (Times) 1.2 N.A.
& petro chemical projects on turnkey basis. Some of the company’s prominent clients
include SAIL, RINL, CCL, BCCL, NTPC and MOIL. In FY16, Hindustan Steelwork’s order PSU Status (As of May 2017)
booking stood at ` 18.2 bn as compared to ` 18.4 bn in FY15. -

HLL Lifecare Limited Dun & Bradstreet D-U-N-S® No 65-044-9213

HLL Bhavan, Poojappura, Thiruvananthapuram - 695012, Kerala
Website: www.lifecarehll.com
About the Company Financial Snapshot (` Mn)
HLL Lifecare Ltd (HLL), a GoI owned company was incorporated in 1966 and commenced its
Parameters FY16 FY17
operations in 1969. HLL is engaged in the manufacturing and marketing of contraceptive
products, rehydration salts, blood transfusion equipment, wound care equipment, blood Total Income 10,716.81 N.A.
banking equipment, neo-natal care equipment and surgical and healthcare products. It
Net Profit 288.83 N.A.
also provides consultancy and contract services for healthcare infrastructure development,
diagnostic and procurement services. The company’s product portfolio mainly includes Total Assets 23,890.42 N.A.
male and female condoms, oral contraceptive pills, blood bank refrigerator, in-vitro
Ratios
diagnostic kit, surgical gloves and tissue expanders amongst others. HLL markets its
products under the brands Moods and Herbs & Berries. The company operates through NPM (%) 2.7 N.A.
its seven manufacturing plants located in Kerala, Karnataka, Haryana and MP. During C/R (Times) 1.0 N.A.
FY16, the company signed long term agreement with UNFPA for supplying IUD, female
and male condoms. The company also opened AMRIT retail pharmacy outlets in AIIMS, PSU Status (As of May 2017)
New Delhi to provide affordable drugs for cancer and heart diseases. Miniratna - I

22
 India’s Top PSUs 2017

HMT Limited Dun & Bradstreet D-U-N-S® No 67-712-9980

59, Bellary Road, Bengaluru - 560032, Karnataka
Website: www.hmtindia.com
About the Company Financial Snapshot (` Mn)
HMT Ltd (HMT) was incorporated in 1953 with the objective of producing a limited range
Parameters FY16 FY17
of machine tools, required for building an industrial edifice for the country. HMT is the
holding company, comprising of six subsidiaries namely; HMT Machine Tools Limited, Total Income 1,562.99 N.A.
Bangalore; HMT Watches Limited, Bangalore; HMT Chinar Watches Limited, Jammu; HMT
Net Profit (247.43) N.A.
Bearings Limited, Hyderabad; Praga Tools Limited, Hyderabad; and HMT (International)
Limited, Bengaluru. The group operates in six businesses namely; watches, printing Total Assets 8,796.39 N.A.
machinery, machine tools, projects & consultancy, bearings and tractors. It manages
Ratios
the tractors business directly. Its manufacturing operations are spread across Srinagar,
Pinjore, Mohali, Ajmer, Ranibagh, Hyderabad, Tumkur, Bengaluru and Ernakulum. NPM (%) (15.8) N.A.
C/R (Times) 0.3 N.A.
PSU Status (As of May 2017)
-

HSCC (India) Limited Dun & Bradstreet D-U-N-S® No 91-853-4202

Head Office - Plot No - 6 A, Block - E, Sector - 1, Noida - 201301, Delhi
Website: www.hsccltd.co.in
About the Company Financial Snapshot (` Mn)
HSCC (India) Ltd (HSCC), a GoI enterprise, was set up in 1983. The company is engaged
Parameters FY16 FY17
in rendering comprehensive range of professional consultancy services in health-care
and other social sectors, in India and abroad. Its range of services include; conceptual Total Income 11,069.81 13,560.00
studies & management consultancy, procurement, project management, information
Net Profit 546.15 238.70
technology, facility design, engineering studies and logistics & installation. It has also
diversified into the areas of engineering & maintenance of facilities, animal vaccine Total Assets 19,462.84 N.A.
manufacturing facilities, pharmaceutical manufacturing facilities, training of overseas
Ratios
medical professionals, development of bio-technology R&D institutes, and projects in
new development international markets. In Dec 2015, HSCC achieved the status of Mini NPM (%) 4.9 1.8
Ratna-Category I Public Sector Undertaking from Mini Ratna-Category II PSU rated in C/R (Times) 1.1 N.A.
2002. In FY16, new order book (Fees) for MOH&FW and its institutes was ` 2.09 bn, State
Government and other Institutes was ` 0.5 bn and through open tendering was ` 94.4 PSU Status (As of May 2017)
mn. Miniratna - I

India Tourism Development

Corporation Limited Dun & Bradstreet D-U-N-S® No 86-217-2418
Scope Complex, Core 8, 6th Floor, 7 Lodi Road, New Delhi - 110003, Delhi
Website: www.theashokgroup.com
About the Company Financial Snapshot (` Mn)
India Tourism Development Corporation Ltd (ITDC) was incorporated in 1966 under the
Parameters FY16 FY17
Ministry of Tourism for development, promotion and expansion of tourism in the country.
The operations of ITDC are divided into various divisions namely hotels, duty free trade, Total Income 4,371.32 4,731.54
travel solutions, engineering related consultancy services, advertisement and publicity,
Net Profit 225.54 120.47
catering unit, sound and light show and event management. ITDC has also diversified into
services like full-fledged & restricted money changer services and an institute imparting Total Assets 6,109.20 6,225.85
hospitality and tourism management training. Presently, ITDC has a network of eight
Ratios
Ashok Group of Hotels, five JV hotels, one restaurant, 11 transport units, nine duty free
shops, three catering establishments and two light & sound shows. ITDC also manages NPM (%) 5.2 2.5
a hotel at Bharatpur and a restaurant at Kosi on behalf of the Department of Tourism. C/R (Times) 2.2 2.2
In Sep 2016, ITDC launched duty free shop at Kakinada deep water seaport, AP. In May
2017, the Cabinet Committee on Economic Affairs approved the initiation of the process PSU Status (As of May 2017)
of disinvestment of hotels/properties of ITDC. Miniratna - I

23
India’s Top PSUs 2017

India Trade Promotion Organisation Dun & Bradstreet D-U-N-S® No 91-533-9709

Pragati Bhawan, Pragati Maidan, New Delhi – 110001, Delhi
Website: www.indiatradefair.com
About the Company Financial Snapshot (` Mn)
India Trade Promotion Organisation (ITPO), a Mini-Ratna Category - I was incorporated
Parameters FY16 FY17
in 1976 as Trade Fair Authority of India, the premier trade promotion agency of India.
In 1992, the company was merged with Trade Development Authority of India, thus Total Income 3,765.19 N.A.
acquiring its present name. ITPO is the apex trade promotion body of the GoI with the
Net Profit 1,652.81 N.A.
objective of promoting India’s trade primarily through the medium of organising trade
fairs and exhibitions in India and abroad. The company functions under the administrative Total Assets 18,400.38 N.A.
control of the Department of Commerce in the Ministry of Commerce and Industry.
Ratios
The key services provided by the company include organising various trade fairs and
exhibitions, services to overseas buyers in vendor identification, establishing durable NPM (%) 43.9 N.A.
contacts between Indian suppliers and overseas buyers and assisting Indian companies in C/R (Times) 12.0 N.A.
product development amongst others. During FY16, 13 national and international trade
fairs/exhibitions were organized in India by the company. During FY16, the company PSU Status (As of May 2017)
organized India’s national level participation in 22 overseas trade fairs. Miniratna - I

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
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 India’s Top PSUs 2017

Indian Oil Corporation Limited

About the company
Indian Oil Corporation Ltd. (IndianOil) is India’s flagship national oil company with
business interests straddling the entire hydrocarbon value chain – from refining,
pipeline transportation and marketing of petroleum products to exploration &
production, natural gas and petrochemicals, and globalisation of downstream
operations. In FY17 it had a turnover of ` 4.5 trillion and profit ` 191 bn. The
Corporation caters to nearly half of India’s petroleum consumption through a
countrywide network of over 46,500 customer touch-points. IndianOil’s R&D
Centre at Faridabad is one of Asia’s finest with a prolific output. Currently it has
a portfolio of 554 active patents.
Sanjiv Singh
Chairman IndianOil : Fuelling a Vibrant India

Dun & Bradstreet D-U-N-S® No 86-218-5592 • Refining: IndianOil as a group owns and operates 11 refineries with a total
refining capacity of 80.7 MMTPA which is 35% of the national refining
Financial Snapshot (` Mn)
capacity. In FY17 the overall capacity utilisation (excluding Paradip refinery)
Parameters FY16 FY17 was 105%. Paradip refinery achieved capacity utilisation of 85% in FY17.
Total Income 4,091,501.5 4,495,814.9 • Pipelines: The company has an extensive pan-India pipeline network
Net Profit 112,422.3 191,064.0 spanning over 12,840 km for transportation of crude oil and finished
Total Assets 2,205,041.7 2,592,132.7 products with a throughput capacity of 93.7 MMTPA of oil. In FY17, the
division recorded a throughput of 82.9 MMT.
Ratios
• Marketing: IndianOil has a dominant market share of 45.1 % across
NPM (%) 2.7 4.2
portfolios. It markets its products both as commodities & well recognised
C/R (Times) 0.9 0.9 brands such as Indane, Servo, XtraPremium, Xtramile and Propel. In FY17, it
PSU Status (As of May 2017) sold 83.5 MMT of petroleum products, including POL, gas, petrochemicals,
Maharatna
explosives and exports.
• Research & Development (R&D): The state-of-the-art R&D Centre of
Management Details IndianOil has developed a range of technologies in the areas of lubricants,
formulation, refining process, pipeline transportation and alternative fuels.
Chairman It has a rich and diverse portfolio of 554 patents.
Sanjiv Singh
• Exploration & Production: In its quest to enhance its presence in the E&P
Directors
AK Sharma domain , IndianOil is engaged in exploration activities in eight domestic
Verghese Cherian and nine overseas blocks spread over Russia, Libya, Gabon, Nigeria, Yemen,
Anish Aggarwal Venezuela, Canada and US.
BS Canth • Natural Gas: The company is the second largest domestic player in this
GK Satish segment. It is into Gas Sourcing, Marketing, LNG terminals and CGD
Dr. SSV Ramakumar
networks to cater to all customer sections : Industry-Transport-Households.
Ashutosh Jindal
Sanjay Kapoor
The Gas business of IndianOil recorded sales of 3.8 MMT in FY17 registering
Parindu Bhagat a growth of 4% over the previous year.
• Petrochemicals: IndianOil’s growing petrochemicals product portfolio
consists of linear alkyl benzene (LAB), paraxylene, purified terepthalic acid
Address
(PTA), polypropylene, HDPE, LLDPE & glycols. In FY17, the company sold
2.57 MMT of petrochemicals, the highest sale, registering a growth of 1.3%
Registered Office over last year. IndianOil’s PROPEL brand of petrochemicals are exported to
IndianOil Bhavan 73 countries.
G-9
• AE & Sustainability: As part of its commitment to sustainability and a low-
Ali Yavar Jung Marg
Bandra (E)
carbon future, IndianOil is strongly focusing on innovation through R&D
Mumbai – 400051 and Alternative Energy sources. At present IndianOil has a portfolio of
Maharashtra 188 MW of renewable energy which constitutes 168 MW of wind power
Website capacity and 20 MW of solar photovoltaic capacity, which will be scaled
www.iocl.com up to 260MW by the year 2020. It is also putting up second-generation
ethanol & waste to energy projects.

Advertorial 25
India’s Top PSUs 2017

Indian Railway Catering & Tourism

Corporation Limited
Background
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is a Miniratna
Category - I CPSE incorporated in 1999 under Ministry of Railways. IRCTC was
formed as an extended arm of the Indian Railways to upgrade and manage
catering and hospitality services. IRCTC was also incorporated to undertake
promotion of domestic and international tourism through development of
budget hotels, special tour packages and global reservation systems.

Business Profile
IRCTC operates in four business segments namely catering and hospitality,
AK Manocha internet ticketing, travel and tourism, and packaged drinking water. Below is
Chairman and Managing Director the brief description of the segments:
Dun & Bradstreet D-U-N-S® No 67-559-3926 • Catering & Hospitality: Under catering and hospitality division, it operates
both railway and non-railway catering and hospitality services. Railway
Financial Snapshot (` Mn)
catering includes departmental catering, mobile catering, static catering
Parameters FY16 FY17 like food plazas, janahars, executive lounges, budget hotels, etc.
Total Income 15,057.4 NA
With average booking of 3000 meals per day through ‘E-catering’ - 409 A
Net Profit 1,886.3 NA and A-1 class stations have been covered for e-catering. Mobile app has
Total Assets 14,370.5 NA been launched for online ordering while on move, which has now under its
Ratios umbrella leading national and international food chains.
NPM (%) 12.5 NA • Internet Ticketing: The internet ticketing segment offers services
like E-ticketing, mobile booking, co-branding, banner advertisement,
C/R (Times) 1.6 NA
unreserved ticketing. E-ticketing accounts for 60% of reserved tickets in
PSU Status (As of May 2017) India. On an average, more than 6 lakhs tickets are sold daily through
Miniratna - I IRCTC’s website. Mobile app IRCTC Rail Connect launched on Android
platform which is fully secured and facilitates the customer with faster,
Management Details hassle free, seamless & cashless transactions with advanced features.
Other latest initiatives by the internet ticketing section are launching
Chairman and Managing Director
AK Manocha
of Hindi e-ticketing website, booking through mobile e-wallets, facility
of Online Boarding Point Change, IVRS based Passenger Feedback etc.
Directors
Further, facility of cancelling PRS counter ticket on IRCTC website has been
MP Mall
AK Brar made online.
V Sriram Optional Travel Insurance for Rail Passengers on was launched. The
S Rawat Insurance scheme now at zero cost has the coverage of up to 10 Lakh for
BP Kumar death and permanent total disability and 7.5 lakh for permanent partial
RN Bohidar
disability.
D Sharma
K Aggarwal • Travel and Tourism: Under travel and tourism, IRCTC runs various tourists
trains and also provides tour packages, educational tours and air packages
amongst others. IRCTC’s tourism portal www.irctctourism.com is a one stop
Address
solution for all the Travel and Tourism services. IRCTC’s online air-ticketing
11th Floor micro-site provides the services of Domestic as well as International Air-
B – 148 ticket booking at very competitive prices. The website www.air.irctc.co.in
Statesman House has become quite popular in a very short span of time, IRCTC AIR android
Barakhamba Road app has also been launched to further facilitate the passengers.
New Delhi – 110001
• Packaged Drinking Water: IRCTC operates seven Rail Neer plants located
Websites
www.irctc.com at Delhi, Patna, Ambernath, Amethi, Palur,Parassala and Bilaspur which
www.irctc.co.in together produces approx 27 crores bottles a year. One more plant at
www.irctctourism.com Nagpur is expected to be commissioned soon. IRCTC also operates Water
Vending Machines (WVMS) to provide purified, chilled and potable drinking
water to railway passengers at an affordable rate. IRCTC has commissioned
more than 1200 WVMs till date.

26 Advertorial
 India’s Top PSUs 2017

Indian Rare Earths Limited Dun & Bradstreet D-U-N-S® No 91-844-8056

Plot No. 1207, Veer Savarkar Marg, Prabhadevi, Mumbai – 400028, Maharashtra
Website: www.irel.co.in
About the Company Financial Snapshot (` Mn)
Indian Rare Earths Ltd (IREL) was incorporated in 1950 jointly owned by the GoI and
Parameters FY16 FY17
Government of Travancore for taking up commercial scale processing of monazite sand
for recovery of thorium. IREL became a complete Central Government undertaking in Total Income 3,917.56 N.A.
1963 under the administrative control of Department of Atomic Energy. IREL is primarily
Net Profit (1,045.08) N.A.
engaged in mining and separation of heavy minerals like limenite, rutile, zircon, sillimanite,
garmet and monazite from beach sand. The company also undertakes processing of Total Assets 9,965.10 N.A.
monazite to yield thorium compounds, rare earth chlorides and tri-sodium phosphate.
Ratios
The company operates through four production plants with rare earths division at Aluva
in Kerala and minerals division at Chavara, OSCOM and Manavalakurichi in the state of in NPM (%) (26.7) N.A.
Kerala, Orissa and TN respectively. In FY16, IREL commissioned Monazite processing plant C/R (Times) 2.7 N.A.
(MoPP) at its OSCOM unit. During the same period, the OSCOM unit produced 183,402
MT of Ilmenite along with other associated minerals. PSU Status (As of May 2017)
Miniratna - I

Instrumentation Limited Dun & Bradstreet D-U-N-S® No 67-669-3737

Jhalawar Road, Kota – 324005, Rajasthan
Website: www.ilkota.in
About the Company Financial Snapshot (` Mn)
Instrumentation Ltd (IL) was set up in the year 1964 for attaining self reliance in the field
Parameters FY16 FY17
of control and automation for process industry. IL is primarily engaged in manufacturing
and supply of art control equipment on turnkey basis. IL operates in the business segment Total Income 1,254.84 N.A.
of control and instrumentation catering to industrial categories such as power, steel,
Net Profit (1,705.00) N.A.
fertilizer, chemical, petrochemical, refineries, textile, space, and oil & gas. Some of the
products manufactured by IL include digital distributed control systems, high performance Total Assets 2,750.94 N.A.
smart electronic pressure and temperature transmitters, power cylinder, control valves,
Ratios
and solar dusk dawn system amongst others. IL operates through its manufacturing
facilities located in the state of Rajasthan and Kerala. Some of the prestigious clients of the NPM (%) (135.9) N.A.
company include NTPC, Tata Honeywell, Durgapur Projects, Damodar Valley Corporation, C/R (Times) 0.4 N.A.
HPCL, BPCL, ONGC, GAIL and NRL amongst others. In FY16, IL signed MoU with German
Engineering Company for technical tie-Up for manufacturing of speciality control valves PSU Status (As of May 2017)
for high pressure and high temperature super critical thermal power plants in India. -

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

27
India’s Top PSUs 2017

Ircon International Limited

About the Company
Ircon International Ltd (IRCON), incorporated in 1976 by the Ministry of
Railways, GoI, was previously known as Indian Railway Construction Co Ltd. It
covers the entire spectrum of construction activities in the infrastructure sector
as a turnkey construction company. The company has wide spread operations
not just across several states in India but also has active presence in overseas in
Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, UK, Algeria
and Sri Lanka.
Business Profile
IRCON is primarily engaged in a wide range of construction activities. Till FY16,
SK Chaudhary the company had completed more than 120 projects in more than 24 countries
Chairman & Managing Director across the globe, and 376 projects in India. Its areas of expertise include:
Dun & Bradstreet D-U-N-S® No 67-559-3624 1. Railways: Services such as construction of new railway lines, rehabilitation/
Financial Snapshot (` Mn)
gauge conversion of existing lines, station buildings and facilities, bridges,
tunnels, signalling and telecommunication works, among others. In FY16,
Parameters FY16 FY17 railways contributed nearly 79% to the company’s operating income.
Total Income 27,034.7 N.A. 2. Highways: IRCON undertakes construction of flexible pavement/rigid
Net Profit 3,792.7 N.A. pavements, and complete Mechanization of Highway Construction;
Total Assets 83,209.2 N.A.
accounting for nearly 9% to its operating income in FY16.
3. Electrical: Turnkey project management including design, supply,
Ratios
erection, testing and commissioning in the field of sub-stations; railway
NPM (%) 14.0 N.A. electrification works; industrial electrification; power supply distribution
C/R (Times) 1.8 N.A. network; and HT Grid & Traction Sub-station among others. This segment
PSU Status (As of May 2017)
accounted for about 8% to the company’s operating income.
4. Buildings: Construction of commercial buildings, industrial complexes,
Miniratna - I
residential buildings, institutional buildings, airport, hangers, hospitals,
business centers, etc along with providing services like electrification,
Management Details
plumbing, fire-fighting.
Chairman & Managing Director 5. Others: Apart from the above main segments, the company also operates
SK Chaudhary in various other segments including; Bridges/flyovers, signalling & telecom,
Directors mechanical, aviation, coach factory and station building among others.
Deepak Sabhlok
H Khanna
IRCON operates four subsidiaries and six JVs in India. In May 2016, it formed one
MK Singh more joint venture company namely; Bastar Railway Pvt Ltd.
R Chaudhry Performance & Project Highlights
SC Jain
A Matta During FY16, IRCON secured orders worth ` 74.6 bn and the order book position
SK Singh stood at ` 175.69 bn. During the same period, domestic projects accounted for
Prof VV Kamat 85% of its total income. The company is currently executing six major projects
in foreign countries.
Address Some of its major ongoing projects include;
- Katra-Qazigund section including Dharam-Qazigund section, including
C-4
District Centre additional works, for Northern Railway, valued at ` 95.2 bn
Saket - Setting up of new Rail Coach Factory at Rae Bareli, including additional
New Delhi - 110017 works, for Ministry of Railways, valued at ` 23.38 bn.
Delhi - Construction of Corridor-I of East Corridor between Kharsia to
Website Dharamjaygarh and Spur Line in the State of Chhattisgarh, for Chhattisgarh
www.ircon.org East Railway Limited, valued at ` 14.2 bn.
- Construction of Embankment, Track, all civil works, major and minor
bridges (except Rupsha) & culverts and implementation of EMP of Khulna-
Mongla Port Rail Line in Bangladesh, valued at ` 9.71 bn.
- Installation of a double track line (93 km) in Algeria awarded by ANESRIF,
Ministry of Transport, Government of Algeria, at a value of ` 11.03 bn.

28 Advertorial
 India’s Top PSUs 2017

Kamarajar Port Limited Dun & Bradstreet D-U-N-S® No 91-583-3651

4th Floor, Super Speciality Diabetic Centre, Rajaji Salai, Chennai – 600001, TN
Website: www.ennoreport.gov.in
About the Company Financial Snapshot (` Mn)
Kamarajar Port Ltd (KPL), a Miniratna Category – I CPSE was incorporated in 1999 as Ennore
Parameters FY16 FY17
Port Ltd under the Ministry of Shipping and acquired its present name in the year 2014.
KPL was formed primarily to handle thermal coal for the power stations of Tamilnadu Total Income 6,445.71 6,405.02
Generation and Distribution Corporation Ltd. KPL is primarily engaged in providing port
Net Profit 3,758.06 4,724.04
services and handles variety of cargos including coal, automobiles, chemicals, bulk
cargo and container cargo amongst others. KPL is operating six berths with a total cargo Total Assets 27,863.43 N.A.
handling capacity of 38 MMTPA. The Port has also set up a berth for general cargo berth
Ratios
cum automobile export terminal with a capacity to handle 8,000 cars. Kamarajar Port
is also undertaking additional terminal facilities viz construction of container terminal, NPM (%) 58.3 73.8
multi cargo terminal, two more coal berths for TANGEDCO, and LNG terminal for handling C/R (Times) 1.0 N.A.
additional cargo of 41.80 MTPA with an investment of ` 70.5 bn. In FY16, KPL’s cargo
throughput stood at 32.21 MMT comprising coal throughput of 25.61 MMT. PSU Status (As of May 2017)
Miniratna - I

Kanti Bijlee Utpadan Nigam Limited Dun & Bradstreet D-U-N-S® No 65-026-2772
Kanti Thermal, Muzaffarpur – 843130, Bihar
Website: www.kbunl.co.in
About the Company Financial Snapshot (` Mn)
Kanti Bijlee Utpadan Nigam Ltd (KBUNL), formerly known as Vaishali Power Generating
Parameters FY16 FY17
Company Ltd was incorporated as a subsidiary of NTPC in 2006 to take over 220 MW
Muzaffarpur TPS. The company acquired its present name in the year 2008. The company Total Income 3,776.25 N.A.
is a JV between NTPC and Bihar State Electricity Board with NTPC holding 65% of shares.
Net Profit (582.03) N.A.
In FY13, KBUNL started the commercial operations of Unit-I and in FY14 commercial
operation of Unit-II of 110 MW of Muzaffarpur TPS after completion of R&M. KBUNL Total Assets 42,418.55 N.A.
is engaged in renovating and modernizing (R&M) the existing units of Muzaffurpur TPS
Ratios
and establishing new plants. The company is also undertaking expansion of the project
by adding 2 more units with 195 MW power generating capacity each. In FY16, the NPM (%) (15.4) N.A.
company generated 778.96 MU of electricity with a PLF of 40.3%. During the same period, C/R (Times) 0.4 N.A.
KKBUNL generated 254,211 MT of ash from Unit-I of which 10,834 MT was utilized for civil
construction and 2,512 MT was issued to brick manufacturing units. PSU Status (As of May 2017)
-

Karnataka Antibiotics &

Pharmaceuticals Limited Dun & Bradstreet D-U-N-S® No 65-046-5990
Nirman Bhavan, Dr. Rajkumar Road, 1st Block, Rajajinagar, Bengaluru – 560010, Karnataka
Website: www.kaplindia.com
About the Company Financial Snapshot (` Mn)
Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL) was incorporated in the year 1984.
Parameters FY16 FY17
KAPL is engaged in manufacturing and marketing various life saving drugs. It has its
presence in both domestic and international markets. KAPL is engaged in manufacturing Total Income 3,136.20 N.A.
and supply of wide range of pharmaceuticals. It offers products in two categories
Net Profit 195.10 N.A.
namely parenteral dosages and non parenteral antibiotics. The company manufactures
pharmaceuticals in the form of dry powder vials, injectables, tablets, capsules, liquid Total Assets 2,421.60 N.A.
orals, dry syrups, sachets and powders. Some of the products manufactured by KAPL
Ratios
include benzyl penicillin, cefotaxime, fortified procaine penicillin, ampicillin sodium,
tezabectum and ceftriaxone amongst others. KAPL also manufactures agro chemicals, NPM (%) 6.2 N.A.
medical equipments, and medical kits and it also undertakes contract manufacturing. C/R (Times) 1.8 N.A.
The company operates through a manufacturing facility located in Peenya Industrial Area
in Bengaluru. During FY16, the exports contributed to around 10% of company’s total PSU Status (As of May 2017)
revenue. -

29
India’s Top PSUs 2017

KIOCL Limited Dun & Bradstreet D-U-N-S® No 65-007-8512

II Block, Koramangala, Bengaluru - 560034, Karnataka
Website: www.kioclltd.in
About the Company Financial Snapshot (` Mn)
KIOCL Ltd (KIOCL) is a flagship company under the Ministry of Steel, GoI with Mini Ratna
Parameters FY16 FY17
status was formed in 1976. The company is a key player in the Beneficiation & Pelletisation
Industry, operating EOU with expertise in iron ore mining, filtration technology & Total Income 2,632.20 9,418.00
production of high quality pellets. The company is presently operating 3.5 MTPA Iron-
Net Profit (801.50) 479.30
oxide Pellet Plant. It is engaged in production and sale of pellets, pig iron and auxiliary
materials. KIOCL’s Pellet is ideal feed for blast furnaces and direct reduction plants. It has Total Assets 23,852.90 25,412.90
entered into several O&M works across India including; NMDC for iron ore beneficiation
Ratios
and pelletization plant, O&M contract with Orissa Mining Corporation (OMC) to operate
and manage 1.4 MTPA chrome ore beneficiation plant at Kaliapani Odisha. In FY16, the NPM (%) (30.4) 5.1
pellet production and dispatch stood at 1lakh Tons and 4.09 lakhs tons respectively. C/R (Times) 12.0 8.6
During the same period, it entered into a MoU with West Bengal Mineral Development
and Trading Cooperation for exploration and development of iron ore mines and for other PSU Status (As of May 2017)
minerals in WB. Miniratna - I

Konkan Railway Corporation Limited Dun & Bradstreet D-U-N-S® No 87-179-4274

Belapur Bhavan, Plot No. 6, Sector 11, CBD Belapur, Navi Mumbai – 400614, Maharashtra
Website: www.konkanrailway.com
About the Company Financial Snapshot (` Mn)
Konkan Railway Corporation Ltd (KRCL) was incorporated in 1990. The Konkan railway
Parameters FY16 FY17
comprising of 741 km of railway line connects states of Maharashtra, Goa and Karnataka.
KRCL is primarily engaged in two business segments: passenger operations and freight Total Income 15,652.50 20,853.50
operations. During FY16, on an average 50 passenger trains per day were run by KRCL.
Net Profit 1,318.30 515.00
The company also introduced two new trains – H. Nizamuddin-Madgaon-H. Nizamuddin
Rajdhani Express and Lokmanya Tilak (T)-Madgaon-Lokmanya Tilak (T) AC Double Decker Total Assets 50,416.10 N.A.
Express during the year. The passenger earnings of KRCL during FY16 registered an
Ratios
increase of 4% y-o-y to ` 5.6 bn. On the freight front, on an average 17 freight trains per
day including RORO services were run by KRCL during FY16. The freight earnings during NPM (%) 8.4 2.5
the year registered an increase of 30% y-o-y to ` 4.6 bn. The company is also engaged C/R (Times) 1.0 N.A.
in projects like USBRL project, J&K, Jaigad Digni Rail Connectivity, Chiplun – Karad Rail
Connectivity project and NTPC – Power house connectivity projects at Kudgi (Karnataka) PSU Status (As of May 2017)
and Gadarwara (MP). -

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

30
 India’s Top PSUs 2017

Mahanadi Coalfields Limited

About the Company
Mahanadi Coalfields Ltd (MCL) was incorporated in 1992 as a subsidiary of Coal
India Ltd by taking over the assets and liabilities of South Eastern Coalfields
Ltd in respect of mines in Odisha. The GoI has accorded Miniratna – category
1 status to MCL. The company is mainly engaged in the extraction of coal from
a vast area of 2,723 sq km, an estimated 24.7% of the Indian coal reserves.
It operates two coalfields namely Talcher and IB Valley coalfields comprising
of 11 mining areas with six underground and 16 opencast mines, two central
workshops and sales offices at Kolkata and Bhubaneshwar. MCL has employed
22,397 people as on Mar 31, 2016.
A K Jha
Chairman-cum-Managing Director Business Overview
The total sanctioned coal projects of MCL are 51, out of which two are exhausted
Dun & Bradstreet D-U-N-S® No 91-860-8584
projects, 34 are completed projects and 17 projects are on-going projects. The
Financial Snapshot (` Mn) total production capacity of sanctioned projects is 224.41 Mty and a sanctioned
Parameters FY16 FY17 capital outlay of ` 116.7 bn.
Total Income 160,276.0 164,682.9
MCL has also diversified into power generation, power transmission, coal
Net Profit 41,847.4 44,920.1
logistics and renewable energy alternatives. Mahanadi Basin Power Ltd (MBPL)
Total Assets 244,930.5 286,667.9 was incorporated in 2011 as an SPV with 100% shares held by MCL. MBPL has
Ratios a power generation capacity of 2×800 MW through Pit Head Power plant at
NPM (%) 26.1 27.3 Basundhara coalfields. For power transmission business, a JV company named
Neelanchal Power Transmission Company Pvt Ltd was incorporated in 2013.
C/R (Times) 4.2 2.4
MCL also formed a JV company named Mahanadi Coal Railway Ltd in 2015 to
PSU Status (As of May 2017) build, construct, operate and maintain identified rail corridor projects including
Miniratna - I doubling, third line, traffic facility projects for coal connectivity.

Management Details MCL has also invested in renewable solar energy segment through a two MW
photovoltaic solar power plant in FY15. During FY16, a total of 2,111,025 Kwh
Chairman-cum-Managing Director
of energy and 9479 RECs were earned due to solar plant. The company also
A K Jha
initiated 12 solar rooftop power plants.
Directors
J P Singh
L N Mishra
Major Highlights
O P Singh Some of the major highlights of the company include:
• During FY16, MCL achieved a coal production of 137.9 mn tonnes, a growth
of 13.6% over the previous fiscal.
• The most of the coal production was from opencast mines with the
production by surface miners accounting to 91.1% of the total production
in FY16 as against 88% in the previous fiscal.
Address
• Coal off-take of the company during FY16 reported a growth of 14% to
Jagruti Vihar 140.2 mn tonnes.
Burla
• 25% of CIL production value was contributed by MCL in FY16.
Sambalpur
Odisha - 768020 • During FY16, the total dispatch of coal stood at 140.2 MT which include the
Website coal dispatch of 91.2 MT to the power sector, 0.24 MT for fertiliser sector,
www.mahanadicoal.in 0.004 MT for cement sector and 48.8 MT for other sectors.
• In FY16, Output per Manshift stood at 18.9 tonnes/manshift as against
17.1 tonnes/manshift in FY15.
• In FY16, OB removal achieved is 85.6% of the target with growth of 10.3%
over the previous fiscal.

Advertorial 31
India’s Top PSUs 2017

Mahanagar Telephone Nigam Limited Dun & Bradstreet D-U-N-S® No 87-179-4093

Mahanagar Doorsanchar Sadan, 9, CGO Complex, Lodhi Road, New Delhi – 110003, Delhi
Website: www.mtnl.net.in
About the Company Financial Snapshot (` Mn)
Mahanagar Telephone Nigam Ltd (MTNL) was incorporated in 1986 to provide
Parameters FY16 FY17
telecommunication services in the metropolitan cities of Delhi and Mumbai. It got
Navratna status in 1997. The company provides fixed telephone, WLL fixed, WLL mobile, Total Income 35,127.10 N.A.
GSM mobile and broadband services to its customers. MTNL provides fixed-line telephone
Net Profit (20,057.40) N.A.
services in metropolitan cities of Delhi and Mumbai and cellular services in Delhi, including
its four peripherals towns of Ghaziabad, Noida, Faridabad, and Gurgaon; and in Mumbai, Total Assets 260,918.30 N.A.
including Navi Mumbai and Thane. MTNL provides GSM cellular mobile services under
Ratios
the brand name Dolphin; WLL and CDMA mobile services under the brand name Garuda;
whereas pre-paid GSM mobile services are provided under the brand name Trump. The NPM (%) (57.1) N.A.
company also provides broadband services under the brand name TRI BAND. As on Mar C/R (Times) 0.2 N.A.
31 2016, the company had total network of 590 switches, which included 253 in Mumbai
and 337 in Delhi. During the same period, MTNL had 1,181,552 broadband subscribers PSU Status (As of May 2017)
and 7,495 FTTH subscribers. Navratna

Mangalore Refinery and

Petrochemicals Limited Dun & Bradstreet D-U-N-S® No 91-575-8317
Kuthethur P O Via Katipalla, Moodapadav, Mangalore - 575030, Karnataka
Website:www.mrpl.co.in
About the Company Financial Snapshot (` Mn)
Mangalore Refinery and Petrochemicals Ltd (MRPL) was established in 1988 as a joint
Parameters FY16 FY17
venture between Hindustan Petrochemical Corporation Ltd. and AV Birla Group. In 2003,
ONGC acquired the entire stake of AV Birla Group and infused further equity capital of Total Income 405,045.64 594,304.90
` 6bn in MRPL, thus making it a majority held subsidiary of ONGC. Initially, the oil refinery
Net Profit 11,481.59 36,386.50
was set up with a processing capacity of 3 MMTPA and was later augmented to its present
capacity of 15 MMTPA. The company manufactures petroleum and petroleum products Total Assets 373,552.34 N.A.
for domestic and international consumers across various industries such as mining,
Ratios
construction, power, agriculture, fertilizers and paint. MRPL’s products include liquid or
gaseous fuels, lubricating oils, greases, liquefied petroleum gas, high speed diesel, motor NPM (%) 2.8 6.12
spirit, bitumen, sulphur, pet coke, furnace oil, naphtha and aviation turbine fuel. In FY16, C/R (Times) 0.8 N.A.
the company processed 15.53 MMT of crude oil compared to 14.63 MMT in FY15. In
FY16, the company achieved direct sales of 1470 TMT compared to 820 TMT during FY15 PSU Status (As of May 2017)
and retail sales of 4.8 TMT compared to 2.53 TMT during FY15. Miniratna - I

Mazagon Dock Shipbuilders Limited Dun & Bradstreet D-U-N-S® No 65-007-8140

Dockyard Road, Mazagon, Mumbai – 400010, Maharashtra
Website: www.mazdock.com
About the Company Financial Snapshot (` Mn)
Mazagon Dock Shipbuilders Ltd (MDSL), formerly known as Mazagon Dock Ltd was
Parameters FY16 FY17
incorporated in 1934 to undertake shipbuilding. In 1960, it was taken over by the GoI
and subsequently started construction of warships and submarines for the Indian Navy Total Income 48,853.60 N.A.
as well as offshore structures for the ONGC. MDSL has been accorded with the Miniratna
Net Profit 6,378.20 N.A.
Category – I CPSE status by GoI. MDSL is mainly engaged in construction of warships,
submarines and merchant ships upto 30,000 DWT with its facilities located at Mumbai Total Assets 334,687.50 N.A.
and Nhava. The company builds warships, submarines, destroyers, frigates, patrol vessels
Ratios
and missile boats for the Indian Navy. Under merchant shipbuilding, the company is
engaged into the construction of trailing suction hopper dredger, general cargo vessel, NPM (%) 13.1 N.A.
multipurpose support vessel, special trade passenger cum cargo vessels and BOP vessels. C/R (Times) 1.1 N.A.
MDSL also offers other facilities like dry dock, wet basins, slipways, design facilities and
major equipment. MDSL launched second submarine of project-75, INS KHANDERI in Jan PSU Status (As of May 2017)
2017 and also launched second destroyer of P15B MORMUGAO in Sep 2016. Miniratna - I

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 India’s Top PSUs 2017

MECON Limited Dun & Bradstreet D-U-N-S® No 86-217-6331

Vivekananda Path, Doranda, Ranchi – 834002, Jharkhand
Website: www.meconlimited.co.in
About the Company Financial Snapshot (` Mn)
MECON Ltd (MECON) was established in 1959 under the aegis of Central Engineering
Parameters FY16 FY17
and Design Bureau. The company undertakes construction contracts and provides
engineering & consultancy services in India and abroad. MECON offers a spectrum of Total Income 3,998.67 N.A.
services for setting up of projects from conceptualization to commissioning including
Net Profit (1,624.14) N.A.
turnkey execution. The projects undertaken by MECON are broadly categorised in four
segments viz. metals, power, oil & gas and infrastructure. Under metals, MECON provides Total Assets 11,578.74 N.A.
engineering & consultancy services for iron and steel plants, rolling mills, coke handling
Ratios
plants and refractories. Under power, projects includes power plant - thermal & hydel,
transmission & distribution while oil and gas projects include oil and gas pipelines, petro- NPM (%) (40.6) N.A.
chemicals and refineries, POL depots and retail outlets. In FY16, the company secured new C/R (Times) 1.7 N.A.
orders worth ` 6.8 bn. In FY16, MECON’s engineering & consultancy order book consisted
of 76.5% projects in the non- metal sector and the rest 23.5% in the metal sector. PSU Status (As of May 2017)
Miniratna - II

Mineral Exploration Corporation

Limited Dun & Bradstreet D-U-N-S® No 65-010-6578
Dr. Babasaheb Ambedkar Bhawan, Seminary Hills, Nagpur - 440006, Maharashtra
Website: www.mecl.gov.in
About the Company Financial Snapshot (` Mn)
Mineral Exploration Corporation Ltd (MECL), a Miniratna category-II CPSE was
Parameters FY16 FY17
incorporated in 1972 as a wholly owned GoI enterprise under the administrative control
of Ministry of Mines, GoI. The company is primarily engaged in exploration of minerals like Total Income 2,825.97 N.A.
coal, lignite, bauxite, copper, gold, lead-zinc, iron ore, limestone, manganese, magnesite,
Net Profit 767.58 N.A.
chromite, fluorspar, coal bed methane (CBM) and several other industrial minerals. Apart
from mining, the company renders its services in various other fields like remote sensing, Total Assets 3,738.94 N.A.
geological mapping, topographic and underground survey, exploratory drilling upto 2,000
Ratios
metres, slim hole drilling for CBM and other services. The company’s client base includes
central and state PSUs like CIL, PFCCL, SAIL, NALCO, NLC and private agencies. During FY16, NPM (%) 27.2 N.A.
MECL carried out 0.4 mn metres of exploratory drilling. It also submitted 21 geological C/R (Times) 4.0 N.A.
reports during FY16 which resulted in augmenting 2,532 mn tonnes of resources for
various minerals to national mineral inventory. Since its inception (upto FY16), a total of PSU Status (As of May 2017)
156,665 mn tonnes of mineral reserves have been established by MECL. Miniratna - II

Mishra Dhatu Nigam Limited Dun & Bradstreet D-U-N-S® No 65-005-8332

P.O. Kanchanbagh, Hyderabad - 500058, Telangana
Website: www.midhani.com
About the Company Financial Snapshot (` Mn)
Mishra Dhatu Nigam Ltd (MIDHANI), a Miniratna Category – I CPSE was incorporated
Parameters FY16 FY17
in 1973 under administrative control of Department of Defence Production, GoI. The
company was formed to manufacture and process various metal components and alloys. Total Income 7,442.87 N.A.
It is primarily engaged in manufacturing and processing of steel, titanium and super alloys
Net Profit 1,180.31 N.A.
and other special metals and their alloys in the form of ingots, billets, rolled plates, sheets
and strips, wires, tubes, required for aircraft, rockets, missiles, electronics, instruments, Total Assets 10,535.96 N.A.
and allied industries. It also provides consultancy services and testing and evaluation
Ratios
services including chemical analysis, mechanical analysis, non-destructive and magnetic
testing. In FY16, it sold 5,205 MT of super alloys, titanium alloys and other products NPM (%) 15.9 N.A.
worth ` 7.6 bn. As on Mar 31 2016, the order book position of the company stood at ` C/R (Times) 2.2 N.A.
11.2 bn. During the year, MIDHANI signed MoU with SAIL to jointly develop CRGO steel
for transformer applications and with NTPC to develop special steels, super alloys, and PSU Status (As of May 2017)
investment cast products & application engineering in their thermal power plants. Miniratna - I

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India’s Top PSUs 2017

MMTC Limited Dun & Bradstreet D-U-N-S® No 65-006-7721

Core-1, Scope Complex, 7 Institutional Area, Lodhi Road, New Delhi - 110003, Delhi
Website: www.mmtclimited.com
About the Company Financial Snapshot (` Mn)
MMTC Ltd (MMTC) is a Mini-Ratna Central Public Sector Undertaking which was
Parameters FY16 FY17
incorporated in 1963. The Ministry of Commerce and Industry, Government of India is the
administrative controller of the company. MMTC is engaged in the business of exporting Total Income 126,560.30 117,506.60
minerals and importing precious metals, gems and jewellery, non-ferrous metals,
Net Profit 548.90 570.60
fertilizers and chemicals, agro products, coal and hydrocarbon amongst other minerals.
MMTC’s business activities are spread across countries in Asia, Europe, Africa, Middle Total Assets 37,992.20 60,782.90
East, Latin America and North America. On Mar 31, 2016 MMTC had a wholly owned
Ratios
subsidiary named MMTC Transnational Pte. Ltd (MTPL) in Singapore and a liaison office
in Johannesburg, South Africa. During FY16 MMTC diversified its operations to include, NPM (%) 0.4 0.5
besides minerals and metals, trading in engineering products and drugs, pharmaceuticals C/R (Times) 1.3 1.1
and fine chemicals. Geographically MMTC entered the North East area by setting up an
office in Guwahati. It also commenced production and marketing of India’s first sovereign PSU Status (As of May 2017)
gold coin. Miniratna - I

MOIL Limited Dun & Bradstreet D-U-N-S® No 87-178-8994

1-A, MOIL Bhawan, Katol Road, Nagpur - 440013, Maharashtra
Website: www.moil.nic.in
About the Company Financial Snapshot (` Mn)
MOIL Ltd (MOIL), formerly known as Manganese Ore (India) Ltd is a GoI enterprise with
Parameters FY16 FY17
a Miniratna category-I status. The company was originally incorporated in the year 1896
as Central Province Prospecting Syndicate. In 1962, the GoI and the state governments of Total Income 6,346.00 9,898.45
Maharashtra and MP acquired 51% stake in the company and in 1977, the balance 49%
Net Profit 1,729.83 3,058.32
stake was acquired by the government making MOIL a 100% government company. In
FY11, MOIL acquired its present name and also got listed on NSE and BSE. MOIL operates Total Assets 37,280.01 30,733.62
10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the
Ratios
Balaghat district of MP. The company is engaged into the production and sale of different
grades of manganese ore. In May 2016, the Government of Maharashtra granted mining NPM (%) 27.3 30.9
lease over 53.75 hectare in Parsoda, Nagpur district in favour of MOIL. In FY16, the C/R (Times) 12.8 10.4
company produced 1 mn tonnes of various grades of manganese ore as against 1.1 mn
tonnes in the previous year. PSU Status (As of May 2017)
Miniratna - I

MSTC Limited Dun & Bradstreet D-U-N-S® No 65-007-8504

225-C, Acharya Jagadish Chandra Bose Road, Kolkata – 700020, WB
Website: www.mstcindia.co.in
About the Company Financial Snapshot (` Mn)
MSTC Ltd (MSTC), a Mini Ratna Category - I CPSE, was incorporated in 1964 to act as a
Parameters FY16 FY17
regulating authority for export of ferrous scrap. In 1974, MSTC became a subsidiary of
SAIL while in 1982 the company was delinked from SAIL and became an independent Total Income 29,675.80 N.A.
company. The company also served as the canalizing agency of GoI for import of scrap
Net Profit 598.80 N.A.
and ship for breaking. MSTC is primarily engaged in disposal of ferrous and miscellaneous
scrap from steel plants as well as disposal of scrap and used stores, rejected waste from Total Assets 44,069.00 N.A.
over 150 PSUs. Apart from scrap disposal, MSTC is also engaged into e-commerce and
Ratios
marketing services. Under e-commerce, MSTC acts as a service provider for selling agency
business, e-sales and e-procurement comprising of e-tenders and e-reverse auctions. NPM (%) 2.0 N.A.
Under marketing business, MSTC undertakes import and export of carbon steel melting C/R (Times) 1.1 N.A.
scrap, finished steel/coal/coke and other non-traditional items like SKO, Naphtha, etc.
The e-commerce business constituted about 86% of the total volume of business of MSTC PSU Status (As of May 2017)
during FY16. Miniratna - I

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 India’s Top PSUs 2017

National Aluminium Company Limited Dun & Bradstreet D-U-N-S® No 86-003-8572

NALCO Bhawan, Plot no P/1, Nayapalli, Bhubaneshwar – 751013, Odisha
Website: www.nalcoindia.com
About the Company Financial Snapshot (` Mn)
National Aluminium Co. Ltd (Nalco), established in 1981, is a Navratna Central Public
Parameters FY16 FY17
Sector Enterprise (CPSE) under Ministry of Mines, GoI. The company has integrated
and diversified operations in mining, metal and power. Some of its offerings include Total Income 78,743.60 84,582.90
aluminium metal, aluminia & hydrate, zeolite-a, rolled products and special products like
Net Profit 7,871.10 6,685.30
specialty hydrate/aluminia. The company is also engaged into power sector comprising
thermal power, co-generation power, wind & solar power. Nalco operates a 6.8 MTPA Total Assets 167,101.90 145,016.50
bauxite mine and 2.3 MTPA aluminia refinery located at Damanjodi in Koraput district
Ratios
of Odisha. In addition, it owns a 0.5 MTPA aluminium smelter and 1,200 MW captive
power plant located at Angul in Odisha. In FY16, alumina hydrate production from its NPM (%) 10.0 7.9
Alumina refinery stood at 1.9 MMT. In Jul 2016, Nalco was granted Pottangi Bauxite mine C/R (Times) 3.7 2.1
in Koraput, Odisha, where the company’s Alumina refinery is located. In May 2016, Nalco
and Iranian Mines and Mining Industries Development & Renovation Organisation signed PSU Status (As of May 2017)
an MoU to jointly explore the possibility of setting up an aluminium smelter in Iran. Navratna

National Fertilizers Limited Dun & Bradstreet D-U-N-S® No 91-851-9646

7, Scope Complex, Core 3 Lodhi Road, Institutional Area, New Delhi – 110003, Delhi
Website: www.nationalfertilizers.com
About the Company Financial Snapshot (` Mn)
National Fertilizers Ltd (NFL), a Mini Ratna (Category-1) undertaking, was incorporated
Parameters FY16 FY17
in Aug 1974. NFL is engaged in manufacturing of fertilisers and industrial products. The
company has five gas based urea plants viz. Nangal & Bathinda in Punjab, Panipat in Total Income 78,122.10 N.A.
Haryana and two plants at Vijaipur in district Guna, MP. NFL sells its fertilizer products
Net Profit 1,970.90 N.A.
including urea, neem coated urea, bio-fertilisers (solid & liquid) under the brand,
‘KISAN’. Besides, the company manufactures allied industrial products such as nitric Total Assets 121,187.90 N.A.
acid dilute, ammonium nitrate, anhydrous ammonia and sodium nitrite. NFL is also into
Ratios
trading business and sells imported and indigenous fertilizers like DAP, MoP, Bentonite
Sulphur and other agri-inputs like certified seeds, insecticides, herbicides and compost NPM (%) 2.5 N.A.
among others. The company’s marketing network comprises of three zonal offices, 12 C/R (Times) 1.1 N.A.
state offices and 38 area offices located across 12 states and UT. In FY16, the company
completed installation of pure gas recovery plant at Vijaipur-II with an investment of PSU Status (As of May 2017)
` 290 mn. Miniratna - I

National Handloom Development

Corporation Limited Dun & Bradstreet D-U-N-S® No 86-290-2740
10 & 11th Floor, Vikas Deep, 22 Station Road, Lucknow – 226001, UP
Website: www.nhdcltd.org.in
About the Company Financial Snapshot (` Mn)
National Handloom Development Corporation Ltd (National Handloom) was established
Parameters FY16 FY17
in 1983 as an autonomous body for the development of the handloom sector by helping
the procurement and supply of inputs at reasonable prices, upgrading technology and Total Income 26,349.86 N.A.
enhancing productivity. The company is primarily engaged in the business of buying,
Net Profit 240.79 N.A.
stocking, marketing or otherwise controlling the distribution of all types of yarn, raw
materials, dyes and chemicals needed by the handloom sector. It is also engaged into Total Assets 4,481.84 N.A.
setting up of spinning mills and silk reeling units and render financial and other assistance
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to the state corporations. National Handloom also undertakes formulation, organization
and control of multistate handloom production and processing projects. The company NPM (%) 0.9 N.A.
operated 932 depots as on Mar 31, 2016 to ensure easy and uninterrupted supplies. C/R (Times) 1.2 N.A.
During FY16, the yarn supplies by National Handloom were 172.8 mn kg valuing ` 23.6 bn
as compared to supplies of 148.7 mn kg valuing ` 21.7 bn during FY15. PSU Status (As of May 2017)
-

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India’s Top PSUs 2017

National Informatics Centre Services

Incorporated Dun & Bradstreet D-U-N-S® No 91-849-6506
6th Floor, NBCC Tower, 15th, Bhikaji Cama Place, New Delhi – 110066, Delhi
Website: www.nicsi.com
About the Company Financial Snapshot (` Mn)
National Informatics Centre Services Inc. (NICSI) was incorporated in 1995 under National
Parameters FY16 FY17
Informatics Centre, Department of Electronics and Information Technology, GoI. The
company is engaged in providing and procuring IT solutions for multiple e-governance Total Income 9,299.95 N.A.
projects undertaken by Govt. organisations. NICSI offers various IT products & services
Net Profit 687.22 N.A.
such as hardware, consultancy, security audit, manpower services like cloud & data, GIS
manpower, Network FMS, NIC manpower, etc, network services, rollout services, website Total Assets 18,332.00 N.A.
services and miscellaneous services like call centre services, CDN services, e-sign service
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provider, NKN services and scanning and digitization services amongst other. NICSI has
executed various international projects in Bhutan, Mongolia, Mauritius and Bangladesh. NPM (%) 7.4 N.A.
Some of its key national projects are rollout of e-procurement, e-hospital, e-office and C/R (Times) 1.5 N.A.
e-vidhan to name a few.
PSU Status (As of May 2017)
-

National Projects Construction

Corporation Limited Dun & Bradstreet D-U-N-S® No 86-221-6426
Raja House, 30-31, Nehru Place, New Delhi - 110019, Delhi
Website: www.npcc.gov.in
About the Company Financial Snapshot (` Mn)
National Projects Construction Corporation Ltd (NPCC) was incorporated in 1957 as a
Parameters FY16 FY17
construction company for creating necessary infrastructure for economic development
of the country. NPCC also executes overseas projects in the field of hydel irrigation and Total Income 10,019.84 N.A.
storage projects in countries like Bhutan, Iraq and Nepal. NPCC is primarily engaged in
Net Profit 108.10 N.A.
the business of project management consultancy (PMC) services, civil infrastructure
and real estate development. Under PMC, NPCC offers management & consultancy Total Assets 21,601.45 N.A.
services for civil construction projects like residential & commercial complexes, hospitals,
Ratios
educational institutions etc. NPCC undertakes civil infrastructure for power sector which
includes projects like thermal and hydroelectric projects, building & housing projects, NPM (%) 1.1 N.A.
roads & bridges, dams, canal and reservoirs amongst others. Some of the clients of NBCC C/R (Times) 1.3 N.A.
include MHA, Ministry of Earth Sciences, SCOPE, PNB and North Bihar Power Distribution
Corporation Ltd amongst others. In FY16, NPCC secured orders worth ` 15 bn and its PSU Status (As of May 2017)
order book position stood at ` 44.2 bn as on Mar 31 2016. -

National Seeds Corporation Limited Dun & Bradstreet D-U-N-S® No 65-010-7642

Beej Bhavan, Pusa Complex, New Delhi – 110012, Delhi
Website: www.indiaseeds.com
About the Company Financial Snapshot (` Mn)
National Seeds Corporation Ltd (NSC), a Mini Ratna Category - I CPSE was established in
Parameters FY16 FY17
1963 under the administrative control of the Ministry of Agriculture. NSC was formed
to undertake production of foundation and certified seeds. NSC is primarily involved in Total Income 8,054.96 N.A.
the production, processing, handling, packaging and marketing of seeds. The company
Net Profit 434.11 N.A.
undertakes production of certified seeds of around 600 varieties of 60 crops through
its 8,000 registered seed growers. NSC operates through 10 regional offices, 5 farms 5 Total Assets 10,666.43 N.A.
quality control laboratories and 73 area offices spread across India. It is also involved in
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the production of tissue culture plants like banana and also plays an important role in the
implementation of various schemes of GoI like Integrated Scheme for Oil Seeds, Pulses, NPM (%) 5.4 N.A.
Oil, Palm & Maize, National Food Security Mission and National Horticulture Mission. C/R (Times) 2.8 N.A.
During FY16, the sale of seeds by NSC comprising breeder, foundation, certified and
saplings was ` 7.1 bn as against ` 8.3 bn in the previous fiscal. PSU Status (As of May 2017)
Miniratna - I

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 India’s Top PSUs 2017

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

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India’s Top PSUs 2017

The National Small Industries

Corporation Limited
About the Company
The National Small Industries Corporation Ltd (NSIC) was incorporated in 1955.
NSIC has been certified as Miniratna category-I CPSE under Ministry of Micro,
Small and Medium Enterprises. NSIC operates through its countrywide network
of offices and Technical Centres in the country. In addition NSIC has set up
Training-Cum-Incubation Centres in different parts of the country. The company
has set up seven technical service centres at Chennai (TN), Howrah (Kolkata),
Hyderabad (Telangana), Okhla (New Delhi), Rajkot (Gujarat), Raj Pura (Punjab)
and Aligarh (UP). To manage operations in African countries NSIC operates from
its office in Johannesburg, South Africa.
Key offerings
Ravindra Nath
Chairman cum Managing Director
The company mainly offers integrated support services under marketing,
technology, finance and other support service.
Dun & Bradstreet D-U-N-S® No 65-007-3364 • Marketing support – Marketing has been identified as one of the most
Financial Snapshot (` Mn) important tools for business development. It is critical for the growth in
today’s intensely competitive market. NSIC as a facilitator has devised
Parameters FY16 FY17 a number of schemes to support enterprises in their marketing efforts,
Total Income 26,854.4 NA both in domestic and foreign markets. The schemes include Raw Material
Net Profit 1,014.6 NA Distribution Schemes, Single point Registration for Government Purchase,
Consortia and Tender Marketing, NSIC B2C Portal providing Marketing
Total Assets 35,531.9 NA opportunities for MSMEs (www.msmeshopping.com), MSME Global Mart
Ratios B2B web portal for MSMEs., (www.msmemart.com), NSIC Infrastructure
NPM (%) 3.8 NA Projects for MSMEs. NSIC facilitates participation of MSMEs in select in
National and International Exhibition to showcase their competencies
C/R (Times) 1.2 NA and products. Further, large and institutional buyers such as Railways,
PSU Status (As of May 2017) Defence, Communication Departments and large companies are invited
Miniratna - I to participate in buyers-seller meets and marketing campaigns to apprise
micro and small enterprises regarding terms and conditions, quality
Management Details standards etc. required by the buyers . These meets are aimed at vendor
development amongst MSEs for the bulk manufacturers.
Chairman cum Managing Director • Credit support – NSIC provides credit facilitation to MSMEs through
Ravindra Nath its various schemes, like financing for procurement of raw material and
Directors marketing activities(short term) , Meeting Credit needs of MSMEs through
P Udayakumar Tie up arrangement with Banks .
AK Mittal • Technology support – Micro, Small and Medium Enterprises need to
develop and implement a technology strategy in addition to financial,
marketing and operational strategies and adopt the one that helps
integrate their operations with their environment customers and suppliers.
NSIC offers MSMEs various support services through its technical services
centres. These centres are located at New Delhi, Rajkot, Chennai, Howrah,
Hyderabad, Aligarh and Rajpura. The support services include: advise on
application of new techniques, material testing facilities through accredited
laboratories, product design including CAD, common facility support in
Address
machining, EDM, CNC, etc, energy and environment services at selected
NSIC Bhavan centres as well as classroom and practical training for skill upgradation.
Okhla Industrial Estate In addition to this, NSIC has established Software Technology cum Business
New Delhi - 110020 Parks at New Delhi and Chennai for providing the space to MSMEs in
Delhi software development and to IT/ITES/MSME units not registered with
Website
STPI.
www.nsic.co.in • Incubation of unemployed youth for setting up of new MSMEs – The
program facilitates setting up of new enterprises all over the country by
Toll Free
creating self-employment opportunities for the unemployed persons.
1800-11-1955
It provides integrated services such as training for entrepreneurial skill
development, selection of small projects, preparation of project profiles/
reports, identification and sourcing of plant, machinery and equipment
and facilitating sanction of credit facility, amongst others. NSIC has also

38 Advertorial
 India’s Top PSUs 2017

lined up vocational training centres on the model of NSICs rapid incubation program in African countries.
• Performance and Credit Rating scheme for small Enterprises – On behalf of the Ministry of Micro, Small & medium
Enterprise, NSIC is implementing “Performance & Credit Rating Scheme” for micro and small enterprises (MSEs) The
rating serves as a trusted third party opinion on the unit’s capabilities and credit worthiness. A good rating enhances
the acceptability of the rated unit in the market and also makes it access to quicker and cheaper credit and thus
helps in economizing the cost of credit. The scheme is being operated through accredited rating agencies.
• International cooperation – NSIC has been instrumental in developing MSMEs and related policy framework in
many developing countries. NSIC also focusses on creating enterprise to enterprise cooperation between MSMEs of
India and other developing and developed countries. This has also led to setting up of number of MSME projects in
these countries.
National SC –ST Hub at NSIC
The Government of India is taking numerous initiatives for the growth of MSME sector in India. The Public Procurement
Policy 2012 is one such step in this direction, which states that 20% of total procurement of goods and services by Central
Ministries and CPSEs shall be made from Micro. Small and Medium Enterprises (MSMEs) out of which 4% shall be made
from Micro & Small Enterprises (MSEs) owned by SC & ST entrepreneurs. In order to ensure benefits of growth spread
across all sections of the society especially SC-ST MSEs, the Hon’ble Prime Minister Shri Narendra Modi launched The
National SC/ST Hub (NSSH). The NSSH Hub aims at increasing the market access and ensures higher participation of
SC/ST entrepreneurs in public procurement and also promotes creation of new enterprises. It is a flagship programme
of Ministry of MSME being implemented through The National Small Industries Corporation Limited (NSIC). The NSSH
envisions adopting progressive SC-ST Entrepreneurs to facilitate them in increasing procurements by CPSEs. NSIC has
taken many initiatives and formulated several schemes to be undertaken by NSSH such as:
• NSSH launched Special Marketing Assistance Scheme (SMAS) which provides marketing support to the SC-ST MSEs
to visit or participate in various exhibitions in India and abroad thereby increasing marketability of their products.
• Single Point Registration Scheme of NSIC provides up-to 100% subsidy to SC-ST MSEs for participation in tendering
process of various CPSEs.
• Special Performance and Credit Rated scheme facilitates SC-ST MSEs in availing financial support at attractive
interest rates.
• Special Vendor Development Programmes have been organized all over the country along with various CPSEs to aid
SC-ST MSEs understand the requirements and procurement procedures of CPSEs.
• NSSH has also undertaken capacity building initiatives to help SC-ST MSEs increase their capabilities to increase their
revenues. To bridge the gap between SC-ST MSEs and CPSEs, NSSH has initiated discussion with the CPSEs and other
government departments to understand their challenges and initiate steps to overcome their issues and increase
procurement.
• NSSH also envisages coming up with Business Facilitation Centres (BFC) to provide professional real time on ground
support to SC-ST MSEs. A platform to develop a technology platform to address the needs of CPSEs and SC-ST MSEs
providing digital interface to connect with is also in offering by NSIC.
Corporate Social Responsibility (CSR) Initiatives
The NSIC CSR activities are spread across the
country in various sectors like education, health,
disability, capacity building and expansion
of human capabilities. Some of the key CSR
initiatives undertaken in Financial Year 2016-17
include:
• Health Care Including Preventive Health
Care: Conducted Eye camps , performed
cataract Surgeries and provided spectacles
for the children. Organised Health Camps,
provided Artificial Limbs, Wheel Chairs, Tri-Cycles, Hearing aids and Crutches and Medical Assistance to Differently
Abled. Provided Chemotherapy, Radio Diagnosis, Surgical needs, Prosthetics, Nutritional support, Educational
support and services of Physiotherapist and counsellor to cancer affected children below poverty line.
• Vocational Training: Provided Vocational training on courses like English Speaking, Personality Development,
Handicraft, Music , Computer , Beautician , Knitting , Tailoring and Dress Designing to Visually Impaired students,
Computer training to women, students, specially abled and under – privileged sections of the Society.
• Education: Provided Educational Facilities to under Privileged children by providing remedial classes , Set-up of a
modern library with small Computer Lab and a mini school bus for transporting poor and needy students.
• Safe Drinking Water: Constructed RCC Room, Borewell and Installation of R.O. Water Plant. Provided Safe Drinking
Water by installation of Hand Pumps. Contributed ` 4.4 million to Swacch Bharat Kosh.
• Environment Sustainability: Provided Solar High Mast Street Lights in the market area.

Advertorial 39
India’s Top PSUs 2017

National Textile Corporation Limited Dun & Bradstreet D-U-N-S® No 86-221-6025

Core-IV, SCOPE Complex, 7, Lodhi Road, New Delhi – 110003, Delhi
Website: www.ntcltd.co.in
About the Company Financial Snapshot (` Mn)
National Textile Corporation Ltd (NTC) was incorporated in 1968 for managing the affairs
Parameters FY16 FY17
of sick textile undertakings in the private sector, taken over by the Government. The
company operates under the administrative control of Ministry of Textiles. NTC is primarily Total Income 12,780.94 N.A.
engaged in production of yarn and fabric through its mill spread across the country. The
Net Profit 164.78 N.A.
company also manufactures garments through its JV companies. The product portfolio
of the company include carded yarn, combed yarn, hosiery yarn, compact yarn, towels, Total Assets 28,996.56 N.A.
shirts, sheetings, fabrics and denims. As on Mar 31 2016, the company had 23 mills under
Ratios
operation along with five mills operational under JVs. NTC also has a well established
retail network of 92 retail stores spread across the country. In FY16, NTC produced 56.2 NPM (%) 1.3 N.A.
mn kg of yarn and 19.03 mn mtrs of cloth registering a y-o-y growth of 8.4% and 10.8% C/R (Times) 1.4 N.A.
respectively over the previous year. During the year, the company achieved capacity
utilisation of 86.67% against 85.47% in the previous year. PSU Status (As of May 2017)
-

NBCC (India) Limited Dun & Bradstreet D-U-N-S® No 65-007-7241

NBCC Bhawan, Lodhi Road, New Delhi – 110003, Delhi
Website: www.nbccindia.gov.in
About the Company Financial Snapshot (` Mn)
NBCC (India) Ltd (NBCC), formerly known as National Buildings Construction Corporation
Parameters FY16 FY17
Ltd was established in 1960 as a GoI enterprise. NBCC operates into three different
business segments namely project management consultancy, real estate development Total Income 59,131.87 63,679.63
and EPC contracting. NBCC offers management and consultancy services for a wide range
Net Profit 2,869.64 3,510.98
of civil construction projects including residential and commercial complexes, educational
institution, hospitals, roads and solid waste management amongst others. It’s EPC Total Assets 54,345.99 65,229.27
operations covers, roads, border fencing, water & sewage treatment plants and solid waste
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management system. In FY16 NBCC secured new orders worth ` 175.1 bn taking the order
book position to ` 297.8 bn as on Mar 31, 2016. In Aug 2016, NBCC signed MoU with Goa NPM (%) 4.9 5.5
Shipyard for construction of building for Mine Counter Measure Vessels valued at ` 1 bn. In C/R (Times) 1.4 1.3
Feb 2017, NBCC signed MoU with Ministry of Tourism and State Govt of J&K for integrated
development of tourist facilities at Gulmarg – Baramulla – Kupwara – Leh valued at PSU Status (As of May 2017)
` 969.2 mn. Navratna

NHDC Limited Dun & Bradstreet D-U-N-S® No 86-218-2656

NHDC Parisar, Shyamla Hills, Bhopal – 462013, MP
Website: www.nhdcindia.com
About the Company Financial Snapshot (` Mn)
NHDC Ltd (NHDC), formally known as Narmada Hydroelectric Development Corporation
Parameters FY16 FY17
Ltd was set up in 2000. NHDC is a JV between NHPC Ltd and Govt. of MP. The company was
formed to develop hydropower and other renewal energy potential in MP. In 2009, the Total Income 13,369.50 N.A.
company ventured into development of thermal and wind power projects and acquired
Net Profit 6,300.00 N.A.
its present name. NHDC currently operates two hydroelectric power stations namely
Indira Sagar Project with an installed capacity of 1,000 MW and Omkareshwar Project Total Assets 76,853.90 N.A.
with an installed capacity of 520 MW. In 2009, NHDC signed an MoU with Govt. of MP for
Ratios
the execution of supercritical technology based 1,320 MW Reva Thermal Power Station
in Khandwa district of MP. In FY17, the company generated 4,748.5 MU of electricity as NPM (%) 47.1 N.A.
against 2,932.9 MU of electricity generated in FY16. The plant availability factor for NHDC C/R (Times) 3.5 N.A.
stood at 93.6% in FY17 as compared to 93.3% in FY16.
PSU Status (As of May 2017)
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 India’s Top PSUs 2017

NHPC Limited Dun & Bradstreet D-U-N-S® No 86-225-7412

NHPC Office Complex, Sector – 33, Faridabad – 121003, Haryana
Website: www.nhpcindia.com
About the Company Financial Snapshot (` Mn)
NHPC Ltd (NHPC), a Miniratna Category-I GoI enterprise, was incorporated in 1975 to
Parameters FY16 FY17
promote hydroelectric power in India. In Apr 2016, the GoI divested 11.36% of its holding
in NHPC leading its shareholding in the company falling to 74.6% from 875.96%. NHPC Total Income 73,530.00 72,711.70
is primarily engaged in power generation and also provides contracts services, project
Net Profit 24,298.90 27,955.90
management and consultancy services to Central and State Govt. agencies in India
and abroad. The company owns and operates 18 hydro power stations with a power Total Assets 553,967.20 494,027.80
generation capacity of 5,081.2 MW. As on Mar 2016, NHPC’s four hydroelectric projects
Ratios
with 3,170 MW capacity were under construction. In FY 16, the company achieved 23,404
MU of power generation through its power stations across the country. In Dec 2016, NHPC NPM (%) 33.0 38.4
signed a power purchase agreement with Power & Electricity Department, Arunachal C/R (Times) 2.1 1.1
Pradesh in respect of Tawang-I and Tawang-II HE project for a period of 35 years from the
date of commercial operation of the project. The company also commissioned its 50 MW PSU Status (As of May 2017)
wind power project in Jaisalmer, Rajasthan in FY16. Miniratna - I

NLC India Limited Dun & Bradstreet D-U-N-S® No 65-005-2186

First Floor, No. 8, Mayor Satyamurthy Road, Egmore Complex of Food Corporation of India, Chetpet, Chennai - 600031, TN
Website: www.nlcindia.com
About the Company Financial Snapshot (` Mn)
NLC India Ltd (NLC), formerly known as Neyveli Lignite Corporation Ltd was incorporated
Parameters FY16 FY17
in 1956 under the administrative control of Ministry of Coal. NLC has been conferred
with the Navratna status by GoI. NLC operates in two business segments namely lignite Total Income 71,772.00 93,472.50
mining and power generation. NLC owns three opencast mines in Neyveli, TN with a total
Net Profit 2,280.00 23,688.10
capacity of 28.5 MMTPA and one mine at Barsingsar, Rajasthan with a capacity of 2.1
MMTPA. NLC also has four thermal power stations in Neyveli, TN and one thermal power Total Assets 236,872.10 275,093.70
station at Barsingsar, Rajasthan with a total annual installed capacity of 3,240 MW. The
Ratios
company also operates 10 MW solar power plant and wind turbine generators totalling
48 MW. In FY17, NLC produced 27.6 MMT of lignite and overburden removal from the NPM (%) 3.2 25.3
mines achieved at 205.8 mn cubic mtrs. During the year, NLC generated 22,341 MU of C/R (Times) 3.8 2.2
power achieving capacity utilisation of 103.4%. In Nov 2016, NLC issued Letter of Award
valued at ` 27.9 bn to BGR Energy Systems Ltd, Chennai for the Balance of Plant package PSU Status (As of May 2017)
of 1920 MW Ghatampur Power Project of its subsidiary. Navratna

NLC Tamilnadu Power Limited Dun & Bradstreet D-U-N-S® No 86-220-3023

Registered Office - Neyveli House, No,135,e.v.r. Periyar High Road, Kilpauk, Chennai - 600010, TN
Website: www.ntplpower.com
About the Company Financial Snapshot (` Mn)
NLC Tamilnadu Power Ltd (NTPL) is a JV company of Neyveli Lignite Corporation Ltd
Parameters FY16 FY17
(NLC), a GoI company engaged in lignite mining and power generation and Tamil Nadu
Generation and Distribution Corporation Ltd (TANGEDCO), a subsidiary of Tamil Nadu Total Income 12,344.31 N.A.
Electricity Board. NTPL was incorporated to implement the power project at Tuticorin, TN.
Net Profit (1,600.31) N.A.
The Tuticorin power project has an installed capacity of 2×500 MW and was completed
and trail operation were commenced on Mar 19, 2014 in unit-I and on Sep 23, 2014 in Total Assets 77,090.23 N.A.
unit-II. The commercial operation of the project was achieved for unit-I in Jun 2015 and
Ratios
for unit-II in Aug 2015.
NPM (%) (13.0) N.A.
C/R (Times) 0.6 N.A.
PSU Status (As of May 2017)
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India’s Top PSUs 2017

NMDC Limited Dun & Bradstreet D-U-N-S® No 65-005-8951

Khanij Bhavan, Masab Tank, Hyderabad - 500028, Telangana
Website: www.nmdc.co.in
About the Company Financial Snapshot (` Mn)
NMDC Ltd (NMDC) incorporated in 1958, is a public sector enterprise managed by the
Parameters FY16 FY17
Ministry of Steel. NMDC was established with a mandate to explore and develop minerals
including iron ore, copper, rock phosphate, lime stone, gypsum, magnesite, diamond, tin, Total Income 64,572.70 88,296.40
graphite amongst others. In 2008 NMDC was conferred the Navratna title and presently
Net Profit 27,122.20 25,891.40
it is amongst the major iron ore producers in the country. In FY16 it produced around 30
MT of iron ore from two mines located in Chattisgarh and one located in Karnataka. The Total Assets 326,713.60 257,020.60
company also operates a coal based sponge iron unit located at Paloncha, Telangana.
Ratios
NMDC is developing a magnesite mine in Jammu and arki lime stone project in HP.
NMDC also produces diamonds from Majhgawan mine located in Panna, MP. In FY16 NPM (%) 42.0 29.3
35,558 carats of diamonds were produced from the mine. NMDC has formed a Global C/R (Times) 5.9 3.3
Exploration Centre at Raipur, Chhattisgarh for exploration activities and has a R&D unit
in Hyderabad. NMDC completed and commissioned a windmill project at Karnataka for PSU Status (As of May 2017)
creating renewable energy resources. Navratna

North Eastern Electric Power

Corporation Limited Dun & Bradstreet D-U-N-S® No 65-005-8936
Brookland Compound, Lower New Colony, Shillong - 793003, Meghalaya
Website: www.neepco.co.in
About the Company Financial Snapshot (` Mn)
North Eastern Electric Power Corporation Ltd. (NEEPCO), a Mini Ratna category-I CPSE,
Parameters FY16 FY17
was incorporated in 1976 to plan, investigate, design, construct, generate, operate &
maintain power stations in the north-eastern region of India. NEEPCO operates 5 hydro, Total Income 17,436.61 N.A.
3 thermal and 1 solar power stations with a combined installed capacity of 1,251 MW.
Net Profit 3,725.47 N.A.
It has 5 power projects under development which include 110 MW Pare HEP, 600 MW
Kameng HEP, 36 MW of Steam Turbine of Tripura GBP, 60 MW Tuirial HEP and one 2 MW Total Assets 124,842.89 N.A.
Solar Project. During FY16, the power generation by NEEPCO stood at 5,220 MU with
Ratios
power generation from thermal, hydro and solar plants being 2,757 MU, 2,457 MU and
6 MU respectively. During FY16, the company added installed capacity of 101 MW with NPM (%) 21.4 N.A.
the commencement of commercial operation of Gas Turbine Unit and synchronization of C/R (Times) 1.9 N.A.
Steam Turbine Unit of Tripura Gas Based Combined Cycle Power Project.
PSU Status (As of May 2017)
Miniratna - I

Northern Coalfields Limited Dun & Bradstreet D-U-N-S® No 86-453-1289

P.O. Singrauli Colliery, Distt. Singrauli – 486889, MP
Website: www.ncl.gov.in
About the Company Financial Snapshot (` Mn)
Northern Coalfields Ltd (NCL) was formed in Nov 1985 as a subsidiary of CIL. NCL has
Parameters FY16 FY17
been awarded the status of Miniratna Category - I by GoI. NCL produces coal through ten
mechanized opencast mines worked by large size heavy earth moving machinery. NCL is Total Income 109,500.10 N.A.
primarily engaged in production and sale of coal through its coalfields in Singrauli. The
Net Profit 27,225.00 N.A.
coalfields have been divided into two basins viz Moher sub-basin with an area of 312
sq km and Singrauli main basin with an area of 1,890 sq km. NCL supplies coal to power Total Assets 135,643.90 N.A.
plants of RRVUNL, Delhi Vidyut Board, NTPC, Hindalco Industries, UPRVUNL and Haryana
Ratios
State Electricity Board. During FY16, coal production by the company stood at 80.2 mn
tonnes as against 72.5 mn tonnes in FY15. The Over Burden Removal was 338.1 mn cu m NPM (%) 24.9 N.A.
during FY16 as against 210.6 mn cu m during FY15. During FY16, the company completed C/R (Times) 2.9 N.A.
eight new projects.
PSU Status (As of May 2017)
Miniratna - I

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 India’s Top PSUs 2017

NTPC Limited Dun & Bradstreet D-U-N-S® No 65-007-9049

NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodi Road, New Delhi – 110003, Delhi
Website: www.ntpc.co.in
About the Company Financial Snapshot (` Mn)
NTPC Ltd (NTPC), incorporated in 1975, is primarily involved in the business of power
Parameters FY16 FY17
generation. Apart from thermal energy, NTPC has also forayed into hydro, nuclear and
renewable energy segments for electricity generation. NTPC has also diversified into Total Income 720,091.60 793,423.00
other areas such as consultancy, power trading and distribution, power equipment
Net Profit 107,696.00 93,852.60
manufacturing and training, rural electrification etc. In FY16, NTPC commissioned 2,255
MW and added 1,960 MW to its commercial capacity. With this, the installed capacity of Total Assets 2,151,383.20 2,365,774.90
NTPC (including JVs and Subsidiaries) stood at 46,653 MW and the commercial capacity
Ratios
was 45,428 MW as on Mar 31, 2016. In FY16, investment approval for 2,360 MW new
capacities was accorded which included 1,600 MW coal based capacity and 760 MW of NPM (%) 15.0 11.8
solar capacity. In Jan 2017, NTPC signed a non-binding MoU with Rajasthan Rajya Vidyut C/R (Times) 0.9 0.8
Utpadan Nigam Ltd and Rajasthan Urja Vikas Nigam Ltd for take-over of Chhabra Thermal
Power Plant Stage-I (4x 250 MW) and Stage-II (2x660 MW) of Rajasthan Urja Vikas Nigam. PSU Status (As of May 2017)
In Feb 2017, NTPC commissioned 115 MW out of 260 MW of Bhadla solar power project. Maharatna

NTPC Vidyut Vyapar Nigam Limited Dun & Bradstreet D-U-N-S® No 65-026-2756
NTPC Bhawan, SCOPE Complex, 7 Institutional Area, Lodhi Road, New Delhi - 110003, Delhi
Website: www.nvvn.co.in
About the Company Financial Snapshot (` Mn)
NTPC Vidyut Vyapar Nigam Ltd (NVVN) was established in 2002 as a wholly owned
Parameters FY16 FY17
subsidiary of NTPC Ltd. The company has been granted Category-I trading license by Central
Electricity Regulatory Commission. The company’s key areas of business include short Total Income 40,409.54 52,611.59
term/medium term/long term power trading, solar bundled power, cross border power
Net Profit 519.58 764.35
trading, power swap arrangement, trading of power & Renewable Energy Certificates
(REC) on power exchanges. NVVN is a trader member of India Energy Exchange Ltd (IEX) Total Assets 12,545.54 14,428.68
and Power Exchange India Ltd (PXIL). Under solar bundled power business, the company
Ratios
has been appointed by GoI as the nodal agency for phase I of Jawaharlal Nehru National
Solar Mission. NVVN also acts as the nodal agency for trading of power with Bhutan, NPM (%) 1.3 1.5
Bangladesh and Nepal. During FY16, NVVN reported power trading volume of 12,766 MU C/R (Times) 1.2 1.2
which included 2,416 MU of bilateral trading, 1,092 MU of power SWAP arrangements,
5,789 MU of solar bundled power, 1,961 MU of cross border trading and 1,508 MU of PSU Status (As of May 2017)
trading through exchange. -

Nuclear Power Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 67-636-6335
16th Floor, Centre-1, World Trade Centre, Colaba, Mumbai - 400005, Maharashtra
Website: www.npcil.nic.in
About the Company Financial Snapshot (` Mn)
Nuclear Power Corporation of India Ltd (NPCIL), which was incorporated in September
Parameters FY16 FY17
1987, is a public sector enterprise under the administrative control of the Department of
Atomic Energy (DAE), GoI. The main objective of the company is to operate atomic power Total Income 100,646.20 N.A.
stations and implement atomic power projects for electricity generation in line with the
Net Profit 27,074.40 N.A.
schemes and programs of GoI. NPCIL engages in the design, construction, commissioning
and operation, maintenance, upgradation and life extension of nuclear power reactors. Total Assets 605,521.80 N.A.
NPCIL also manages wastes generated in the nuclear power plants disposal process.
Ratios
Presently, the company operates 22 commercial nuclear power reactors comprising two
boiling water reactors and 19 pressurised heavy water reactors with a total installed NPM (%) 26.9 N.A.
capacity of 6,780 MW. In addition, the company has four reactors under various stages of C/R (Times) 2.1 N.A.
construction with a total capacity of 2,800 MW. During FY17, NPCIL generated 29,138 MU
of nuclear power till December 31, 2016. PSU Status (As of May 2017)
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India’s Top PSUs 2017

Numaligarh Refinery Limited Dun & Bradstreet D-U-N-S® No 65-068-4640

122A, G. S. Road, Christianbasti, Guwahati – 781005, Assam
Website: www.nrl.co.in
About the Company Financial Snapshot (` Mn)
Numaligarh Refinery Ltd (NRL), a subsidiary of BPCL was incorporated in Apr 1993.
Parameters FY16 FY17
The company has been accorded with Miniratna Category – I CPSE status by GoI. NRL
commenced commercial production in Oct 2000 and is engaged in the business of refining Total Income 120,664.50 143,172.10
of crude oil as well as production and marketing of petroleum products. The company’s
Net Profit 12,098.20 21,005.70
product range includes LPG, naphtha, motor spirit, aviation turbine fuel, superior kerosene
oil, high speed diesel (HSD), raw petroleum coke, calcined petroleum coke and Sulphur. Total Assets 64,873.70 72,374.90
In Dec 2016, NRL started production of a special industrial product, special boiling point
Ratios
spirit. In Feb 2017, the company signed a framework agreement with M/s Chempolis Oy,
Finland for implementation of bio refinery. In Apr 2017, a Sale-Purchase Agreement was NPM (%) 10.0 14.7
signed between NRL and Bangladesh Petroleum Corporation for supply of HSD through C/R (Times) 3.5 3.2
the proposed 131 km Indo-Bangla friendship pipeline. During FY16, NRL processed 2,520
TMT of crude oil as compared to 2,777 TMT in FY15. Distillate yield (including wax as PSU Status (As of May 2017)
distillate) during FY16 was recorded at 90.4%. Miniratna - I

Oil and Natural Gas Corporation

Limited Dun & Bradstreet D-U-N-S® No 72-550-9959
Head Office - Tel Bhawan, Dehradun - 248003, Uttaranchal
Website: www.ongcindia.com
About the Company Financial Snapshot (` Mn)
Oil and Natural Gas Corporation Ltd (ONGC) was established with the Government of
Parameters FY16 FY17
India’s objective to develop oil and natural gas resources as part of the public sector
development. ONGC’s business interests span the entire hydrocarbon value chain and Total Income 847,511.00 854,558.50
also include renewable and alternative sources of energy. During FY16, five development
Net Profit 161,399.30 178,999.70
projects valued at ` 248 bn were completed. During the same year, the company
commenced commercial production from C2-C3 Plant, Dahej – a Liquefied Natural Gas Total Assets 2,218,768.50 2,472,494.90
(LNG) processing plant with 5 MMTA capacity. In FY16, ONGC had made 17 hydrocarbon
Ratios
discoveries. The company’s standalone domestic output from ONGC-operated fields in
FY16 stood at 22.36 MMT, compared to 22.26 MMT in FY15. In FY16, the company’s NPM (%) 19.0 21.0
natural gas production stood at 21.18 BCM compared to 22.02 BCM in FY15. As of Apr 1, C/R (Times) 1.7 1.6
2016 ONGC has drilled eighteen shale gas/oil wells for shale gas exploration.
PSU Status (As of May 2017)
Maharatna

Oil India Limited Dun & Bradstreet D-U-N-S® No 86-228-5640

P O Duliajan, Dibrugarh – 786602, Assam
Website: www.oil-india.com
About the Company Financial Snapshot (` Mn)
Oil India Ltd (OIL), a Navratna company was incorporated as Oil India Pvt ltd in 1959.
Parameters FY16 FY17
In 1961, OIL became a JV between GoI and Burmah Oil Company Ltd, UK and in 1981
it was converted into a wholly-owned GoI enterprise. OIL operates into the business of Total Income 111,407.70 N.A.
exploration and production of crude oil, natural gas and LPG. OIL has over 1 lakh sq km
Net Profit 23,301.10 N.A.
of PEL/ML areas for its exploration and production activities. During FY16, OIL produced
3.25 MMT of crude oil, 2,838 MMSCM of natural gas and 41,030 MT of LPG. In Feb 2016, Total Assets 372,503.70 N.A.
OIL commenced its second solar energy power project, of 9 MWp capacity at Ramgarh,
Ratios
Rajasthan. In Nov 2016, the Board of OIL provided approval for the voluntary closure of
its wholly owned subsidiary Oil India International Ltd. In Oct 2016, the Indian consortium NPM (%) 20.9 N.A.
led by OIL along with Indian Oil Corporation Ltd and Bharat PetroResources Ltd completed C/R (Times) 5.1 N.A.
acquisition of 29.9% stake in LLC Taas-Yuryakh Neftegazodobycha and 23.9% stake in JSC
Vankorneft from Rosneft Oil Company. PSU Status (As of May 2017)
Navratna

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 India’s Top PSUs 2017

ONGC Videsh Limited Dun & Bradstreet D-U-N-S® No 87-179-3960

6th Floor, Kailash, 26, Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.ongcvidesh.com
About the Company Financial Snapshot (` Mn)
ONGC Videsh Ltd (OVL), a Miniratna Category – I CPSE, was incorporated in 1965 as
Parameters FY16 FY17
Hydrocarbons India Pvt Ltd to carry out international exploration, development and
production of oil & gas. It is an overseas arm and a wholly owned subsidiary of the Oil and Total Income 77,650.10 77,454.71
Natural Gas Corporation Ltd which works under the administrative control of Ministry of
Net Profit (38,944.32) 17,493.80
Petroleum & Natural Gas. OVL has stake in 38 oil & gas projects in 17 countries and has
provisional 3P reserves of around 743 MMTOE as on Apr 1, 2017. As on Mar 31, 2016, Total Assets 798,587.73 805,858.88
OVL had ten direct subsidiaries. During FY16, the company produced about 166 thousand
Ratios
barrels of oil and oil equivalent gas per day. In Nov 2016, OVL and Petroleos De Venezuela
S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for NPM (%) (50.2) 22.6
facilitating redevelopment of the San Cristobal JV project in Venezuela. In Oct 2016, OVL C/R (Times) 0.9 1.3
completed acquisition of 11% additional interest in Vankor Field located in East Siberia of
the Russina Federation. PSU Status (As of May 2017)
Miniratna - I

Pawan Hans Limited Dun & Bradstreet D-U-N-S® No 65-004-7558

Safdarjung Airport, New Delhi – 110003, Delhi
Website: www.pawanhans.co.in
About the Company Financial Snapshot (` Mn)
Pawan Hans Ltd (Pawan Hans) was incorporated in 1985 as Pawan Hans Helicopters
Parameters FY16 FY17
Ltd and provides premier helicopter services in India. The company’s main services
include offshore exploration operations, connecting remote areas and charter services Total Income 4,777.86 N.A.
for promotion of tourism in addition to providing transportation services to VIPs and
Net Profit 360.84 N.A.
corporate clients. Pawan Hans clientele includes several state governments namely,
Meghalaya, Mizoram, Nagaland, Maharashtra, Tripura, West Bengal, Sikkim, Odisha, Total Assets 14,029.28 N.A.
Himachal Pradesh, Ministry of Home Affairs, MTDC and GTDC, and union territories of
Ratios
Andaman & Nicobar Islands and Lakshadweep. The company also provides helicopter
services to NTPC, GAIL, GSPC and Oil India. As of Mar 31 2016, Pawan Hans’ operational NPM (%) 7.6 N.A.
fleet comprised of 43 helicopters. The company had operation and maintenance contracts C/R (Times) 3.6 N.A.
with HAL for 4 Dhruv helicopters owned by BSF. Total flying hours during 2015-16 were
27,892 hours as against 31,380 hours in the previous year. During the year, average PSU Status (As of May 2017)
monthly deployment of helicopters was 32 while average fleet serviceability stood at 80%. Miniratna - I

PEC Limited Dun & Bradstreet D-U-N-S® No 65-007-9171

Hansalaya, 15 - Barakhamba Road, New Delhi – 110001
Website: www.peclimited.com
About the Company Financial Snapshot (` Mn)
PEC Ltd (PEC) was incorporated as Project & Equipment Corp of India Ltd in 1971 a
Parameters FY16 FY17
subsidiary of State Trading Corporation of India Ltd, to handle canalized business of the
export of railway equipment, engineering equipment & turn key projects. The company Total Income 38,087.30 N.A.
adopted its present name in 1997 and has since then evolved into an international
Net Profit (11,420.20) N.A.
trading enterprise for providing integrated trade facilitating services with emphasis on
export of engineering equipment and projects. PEC engages in the export of engineering Total Assets 19,208.60 N.A.
equipments and projects, international & domestic trading in industrial raw materials,
Ratios
agro commodities and import of bullion in addition to trading in medical and healthcare
equipment. PEC has also diversified in solar energy in recent years. The company’s export NPM (%) (30.0) N.A.
markets include Bangladesh, Nepal, Sri Lanka, Myanmar, Vietnam, Mauritius, Uganda, C/R (Times) 0.6 N.A.
Zambia, Ethiopia, Egypt, UAE and Brazil among others. PEC has executed various turnkey
projects across continents in different sectors including electric and related projects, PSU Status (As of May 2017)
industrial plants, agro-related projects and civil and related projects. Miniratna - II

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India’s Top PSUs 2017

Power Grid Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 67-582-9222
B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi - 110016, Delhi
Website: www.powergridindia.com
About the Company Financial Snapshot (` Mn)
Power Grid Corporation of India Ltd (POWERGRID) was incorporated in 1989 as National
Parameters FY16 FY17
Power Transmission Corporation Ltd, which was eventually changed to the present name
in 1992. POWERGRID’s primary business activity involves planning, implementation, Total Income 212,811.80 N.A.
operation and maintenance of inter-state transmission system and maintaining the
Net Profit 60,267.20 N.A.
operations of national and regional load dispatch centers. It transmits power in bulk across
the country through extra high voltage transmission lines which it owns and operates. Total Assets 1,784,289.20 N.A.
POWERGRID manages about 45% of the total power generated in the country. Its other
Ratios
business activities include telecom business, consultancy and smart grid. It forayed into
the telecom space to capitalize its transmission infrastructure. It also provides consultancy NPM (%) 28.3 N.A.
solutions on various activities involved in transmitting power and implementing smart C/R (Times) 0.4 N.A.
grids in the country. As of Mar 31, 2016, POWERGRID had a transmission network of
about 129,354 ckm of extra high voltage (EHV) transmission lines and 207 extra high PSU Status (As of May 2017)
voltage alternating current (EHVAC) & high voltage direct current (HVDC) sub-stations. Navratna

Power System Operation Corporation

Limited Dun & Bradstreet D-U-N-S® No 85-955-7625
B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110016, Delhi
Website: www.posoco.in
About the Company Financial Snapshot (` Mn)
Power System Operation Corporation Ltd (POSOCO) was incorporated in Mar 2009
Parameters FY16 FY17
as a wholly owned subsidiary of Power Grid Corporation of India Ltd to take over the
business of system and market operations. In 2015, POSOCO became a wholly owned GoI Total Income 2,316.50 N.A.
enterprise. The company is primarily engaged in supervising and controlling all aspects
Net Profit 555.50 N.A.
of operations of regional and national power system through Regional Load Despatch
Centres (RLDCs) and National Load Despatch Centre (NLDC). POSOCO’s key functions Total Assets 13,601.40 N.A.
include regulatory affairs, market operations, real-time grid operations, power system
Ratios
studies, settlement system & UI Pool accounts and IT & establishments. The company
currently operates 1 NLDC, 33 SLDCs and 5 RLDCs. POSOCO has also contributed in the NPM (%) 24.0 N.A.
formation of SAARC Grid for effective utilization of resources among the neighbouring C/R (Times) 1.1 N.A.
countries. During FY16, total transactions approved under STOA were 44,634 while total
energy approved under STOA were 98 Bus. PSU Status (As of May 2017)
-

Rail Vikas Nigam Limited Dun & Bradstreet D-U-N-S® No 92-590-2400

1st Floor, August Kranti Bhawan, Bhikaji Cama Place, New Delhi - 110066, Delhi
Website: www.rvnl.org
About the Company Financial Snapshot (` Mn)
Rail Vikas Nigam Ltd (RVNL), a public sector undertaking of Ministry of Railways (MoR)
Parameters FY16 FY17
was established in Jan 2003. RVNL was incorporated as a SPV to undertake project
development, mobilize financial resources and implement projects pertaining to Total Income 46,902.61 N.A.
strengthening of Golden Quadrilateral and port connectivity. As of Mar 31, 2016, the
Net Profit 2,875.90 N.A.
company has completed 49 projects while 88 projects are under implementation. During
FY16, RVNL commissioned 242 km of doubling and 17 km new lines and train operations Total Assets 217,739.87 N.A.
could commence on these sections. It also completed a total of 698 km of project length
Ratios
(353 km of doubling, 17 km of new line and 328 km of railway electrification) during
FY16 as compared to 476 km of project length in the previous year. The company also NPM (%) 6.1 N.A.
commissioned 54 stations on 3rd line and doubling projects, 40 stations on railway C/R (Times) 1.2 N.A.
electrification, 10 mid-section level crossing gates and seven IBS. It also laid down optic
fibre cables and six Quad cables of total of 726 rkm. PSU Status (As of May 2017)
Miniratna - I

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RailTel Corporation of India Limited Dun & Bradstreet D-U-N-S® No 67-702-1375

6th Floor, IIIrd Block, Delhi Technology Park, Shastri Park, Delhi - 110053, Delhi
Website: www.railtelindia.com
About the Company Financial Snapshot (` Mn)
RailTel Corporation of India Ltd (RailTel) was established in 2000 under the Ministry of
Parameters FY16 FY17
Railways to develop a nation-wide broadband multimedia telecom network. In 2002,
RailTel obtained IP-2 license and commenced commercial operations of bandwidth leasing Total Income 6,415.50 N.A.
to private telecom operators. In May 2012, the company was accredited with Miniratna
Net Profit 1,038.30 N.A.
Category - I status from GoI. RailTel is a neutral telecom infrastructure provider, owning a
pan-India optic fibre network (OFC) on exclusive Right of Way (ROW) along railway track. Total Assets 22,099.50 N.A.
It offers a wide range of managed telecom services to the Indian telecom market like
Ratios
telepresence services, data centre services, RailWire, leased line, VPN, internet leased
line, managed data services and consultancy services among others. RailTel has created NPM (%) 16.2 N.A.
over 45,000 RKMs of fibre network connecting over 4,500 cities/towns on the network. C/R (Times) 1.8 N.A.
It has also provided over 10,500 km of network with DWDM systems with 100G/400G
capacity. During FY16, RailTel initiated new services like railway station Wi-Fi services at PSU Status (As of May 2017)
700 stations and Railway Display Network across 2,000 railway stations in the country. Miniratna - I

Rajasthan Electronics & Instruments

Limited Dun & Bradstreet D-U-N-S® No 65-068-0689
2, Kanakpura Industrial Area, Sirsi Road, Jaipur - 302012, Rajasthan
Website: www.reiljp.com
About the Company Financial Snapshot (` Mn)
Rajasthan Electronics & Instruments Ltd (REIL) was incorporated in the year 1981 and
Parameters FY16 FY17
commenced production of electronic milk tester in 1982. REIL is a JV between the GoI
and the Government of Rajasthan, through their respective institutions. REIL is primarily Total Income 2,134.15 N.A.
engaged in manufacturing and marketing of electronic products and services into four
Net Profit 120.00 N.A.
segments viz. agro-diary, solar photovoltaic, industrial electronics and information
technology. Some of the products manufactured by the company include electronic milk Total Assets 2,095.57 N.A.
tester, street lighting system, electronic weighing system, SPV catholic protection system
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and energy meters amongst others. In FY16, the order book status of the company stood
at ` 3.53 bn. During the same period, it bagged an order from Bihar Renewable Energy NPM (%) 5.6 N.A.
Development Authority (BREDA) for supply, installation and commissioning of 3.6 MW C/R (Times) 1.9 N.A.
Rooftop Solar Off Grid Power Plants spread over 3,600 locations each of 1 KW in Bihar.
PSU Status (As of May 2017)
Miniratna - II

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

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India’s Top PSUs 2017

Rashtriya Chemicals and Fertilizers Limited

Background
Rashtriya Chemical and Fertilizers Ltd (RCF) is amongst the leading fertilizer and
chemical manufacturing company which was incorporated in the year 1978.
The company is a GoI undertaking with 75% equity participation held by GoI.
RCF has been conferred with the status of Miniratna Category – I CPSE by GoI.
It manufactures urea, complex fertilizers, bio-fertilizers, micro-nutrients, water
soluble fertilizers, soil conditioners and a wide range of industrial chemicals.

Business Profile
RCF is primarily engaged in manufacturing and sale of fertilizers and industrial
Suresh Warior products. The industrial products manufactured by RCF includes mono
Chairperson & MD methylamines, dimethylamine, trimethylamine, nitric acid, sulphuric acid,
demethyl formamide, formic acid, argon, sodium nitrite, sodium nitrate and
Dun & Bradstreet D-U-N-S® No 65-007-9536
ammonium bi-carbonate amongst others. The fertilizer segment markets its
Financial Snapshot (` Mn) products under the brands Ujjwala, Suphala, Microla, Biola and Sujala. RCF also
Parameters FY16 FY17 produces around twenty industrial chemicals used for the manufacture of dyes,
Total Income 82,413.5 72,231.7 solvents, leather, pharmaceuticals and a host of other industrial products. RCF
is also engaged in marketing of SSP and imported fertilizer inputs like, DAP, MOP
Net Profit 1,726.4 1,792.6
& NPK fertilizers.
Total Assets 76,527.0 65,357.8
Ratios RCF operates two manufacturing units in Maharashtra, at Trombay and Thal.
NPM (%) 2.1 2.5 At Trombay a major part of the water requirement is met through a Sewage
Treatment Plant thereby sparing substantial quantity of water for the city of
C/R (Times) 1.4 1.6
Mumbai. In order to eliminate the intake of Muncipal water the company is
The financials are as per the revised Accounting
Standard (IND AS)
setting up an additional sewage treatment plant with a capacity to treat 22.75
Mn litres per day (MLD) of municipal sewage to produce about 15 MLD of
PSU Status (As of May 2017)
treated water.
Miniratna - I
RCF has also set up 2 MW grid connected Photovoltaic Solar power plant at
Management Details
Trombay, Mumbai for captive consumption. The company along with Gujarat
Chairperson & MD State Fertilisers Corporation has been nominated by the Govt to set up 1.3
Suresh Warior MMT ammonia and urea plant in Chahbahar, Iran using natural gas as feedstock
Directors with an investment of US$ 903 mn. Company has lined up a number of Capex
A Tiwari Schemes such as Gas Turbine Project at Thal, CO2 Compressor & Process Air
SK Lohani Compressor revamp at Thal, Urea revamp at Trombay, revamp of Process Air
H Pathak Compressor at Trombay, GT at Trombay, with an investment of ` 1750 Crore
B Barot which will be spent over the next 3 years. Company has entered into JV
GM Inamdar agreement with Coal India Ltd, GAIL (India) Ltd and The Fertilizer Corporation
S Simhadri
of India Ltd (FCIL) for incorporation of the company namely Talcher Fertilizers
Ltd to establish and operate new coal gasification based Fertilizer Complex at
Talcher, Odisha along with power plant and associated facilities at Talcher Unit
Address of FCIL and to market its products.

Priyadarshini, RCF has also established 12 static soil testing laboratories located in Mumbai,
Eastern Express Highway Kolhapur, Nagpur, Ahmednagar, Satara, Latur Hassan, Vijayawada, Kolar,
Sion Suryapet, Raipur, Nanded and Lucknow. RCF also operates six mobile soil testing
Mumbai - 400022
labs.
Maharashtra
Website
Operational Highlights of FY17
www.rcfltd.com
In FY17, RCF produced 3.32 MMT of fertilizers including 2.55 MMT of urea, and
CIN No.L24110MH1978GOI020185
0.46 MMT of suphala 15:15:15 as against 3.18 lakh MT of fertilizers including
2.55 MMT of urea, 0.46 MMT of suphala 15:15:15 and 0.17 MMT of suphala

48 Advertorial
 India’s Top PSUs 2017

20:20:0 produced during the previous year. During the year, the Company also produced 1.24 MMT of Nitrogen (N),
0.071MMT of Phosphate (P2O5) and 0.070 MMT of Potassium (K2O) as compared to 1.27 MMT of Nitrogen(N), 0.10
MMT of Phosphate (P2O5) and 0.07 MMT of Potassium(K2O).

During the year, RCF sold 2.56 MMT of urea, 0.48 MMT of suphala 15:15:15, and 0.16 MMT of other products such as
DAP, MOP, SSP, Rajphos, NPK etc., compared to 2.65 MMT of urea, 0.44 MMT of suphala 15:15:15, 0.19 MMT of suphala
20:20:0 and 0.10 MMT of other products during the previous year. In FY16, total sale of manufactured fertilizers by RCF
was 3.05 MMT. In FY16, RCF produced 4.54 LMT of major industrial chemical products.

Joint Venture Companies

The company has three JVs namely FACT-RCF Building Products Ltd (FRBL), Urvarak Videsh Ltd (UVL) and Talcher Fertilizers
Ltd (TFL). FRBL was incorporated with equity participation of RCF and Fertilizers and Chemicals Travancore Ltd to set up
a Rapidwall project at Kochi. UVL was incorporated as a SPV with equity participation of RCF, National Fertilizers Ltd and
Krishak Bharti Co-operative Ltd for setting up JVs in India and abroad for manufacturing, mining, long term tie ups for
nitrogenous, phosphatic and potassic fertilizers and fertilizer raw materials including rendering Consultancy services.
Talcher Fertilizers Ltd was incorporated to utilise vast reserves of coal in the country to produce Ammonia / Urea through
the coal gasification route. If this project succeeds then it will be a game changer in the industry.

Corporate Social responsibility

Under CSR, RCF undertakes several projects in the areas of rural development, promoting health care and education
aimed for the benefit of needy and for general good of the society. Some of these include:
• Adopting village, mid-day meal, special measures for SC/ST and under-privileged
• Supporting schools, at its two units, which impart education in Marathi, Hindi and English mediums to students from
Nursery to 10th Standard.
• Offering number of scholarships to students of SC/ ST/ OBC communities for pursuing higher studies.
• Operating two farmers training institutes located in Thal and Nagpur.
• Providing drinking water to seven villages around Thal unit through pipelines laid down from the water reservoir in
the unit.
• Engaging Wockhardt Foundation and administering free primary health care through mobile Medical Vans.
• RCF has undertaken a unique program named ‘RCF Super 30’ under which about 30 underprivileged but talented
students of Maharashtra are provided free residential coaching of 11 months to enable them to get admission in
IIT/NIT and other premier engineering colleges. With this initiative, the company aims to develop engineers to
contribute and take forward the ‘Make in India’ mission.

Panoramic view of Thal Urea Plant Urea Production 21.44 LMT/annum

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India’s Top PSUs 2017

Rashtriya Ispat Nigam Limited Dun & Bradstreet D-U-N-S® No 65-008-1573

Administrative Building, Visakhapatnam Steel Plant, Visakhapatnam - 530031, AP
Website: www.vizagsteel.com
About the Company Financial Snapshot (` Mn)
Rashtriya Ispat Nigam Ltd (RINL) was incorporated in 1982 under the Ministry of Steel as
Parameters FY16 FY17
the first shore based integrated steel plant in the country. RINL is engaged in the business
segment of production of steel products. RINL’s product portfolio comprises of TMT bars, Total Income 93,371.80 N.A.
wire rods, rounds, structural, squares and semis. The company caters to the industries
Net Profit (14,206.40) N.A.
such as manufacturing, construction, automobile, general engineering and fabrication
sectors. RINL exports its finished products to countries like China, Nepal, Sri Lanka, Total Assets 287,384.90 N.A.
Bangladesh, South Korea, New Zealand, Canada, USA, Indonesia, South Africa, Thailand,
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Malaysia, Vietnam, Japan, Taiwan, Nigeria etc. In FY16, the company recorded an export
growth of more than 35%. During the same period, value added steel production grew NPM (%) (15.2) N.A.
by 20% and captive power generation grew by 6%. It achieved sales volume of 37.28 lakh C/R (Times) 0.6 N.A.
tonnes in saleable steel, recording a growth of 39% over the previous year.
PSU Status (As of May 2017)
Navratna

REC Power Distribution Company

Limited Dun & Bradstreet D-U-N-S® No 86-024-2686
Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi - 110003, Delhi
Website: www.recpdcl.in
About the Company Financial Snapshot (` Mn)
REC Power Distribution Company Ltd (RECPDCL) is a wholly owned subsidiary of Rural
Parameters FY16 FY17
Electrification Corporation Ltd (REC), a Navratna CPSE under Ministry of Power. RECPDCL
was incorporated in Jul 2007 with a specific focus on developing and investing in Total Income 1,515.40 N.A.
electricity distribution and its related activities. RECPDCL’s main objective is to engage
Net Profit 361.67 N.A.
in the engineering consultancy services, execution of work in the area of Decentralized
Distributed Generation (DDG), transmission & distribution or other related activities for Total Assets 2,162.31 N.A.
GoI and other agencies in the power sector. The company’s business portfolio consists
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of various activities like third party inspection of projects, material inspection of various
electrical equipments, formulation of DPR, project management consultancy work, NPM (%) 23.9 N.A.
RGGVY quality monitoring in nine states of India, IT in power distribution related works C/R (Times) 1.9 N.A.
and PMC works for AMR & MRI based energy billing, amongst others. RECPDCL has
carried third party inspection works of RGGVY/HVDS for more than 29,000 villages and PSU Status (As of May 2017)
2,000 number of 11kV feeders. -

RITES Limited Dun & Bradstreet D-U-N-S® No 67-610-9006

Scope Minar, Laxmi Nagar, Delhi – 110092, Delhi
Website: www.rites.com
About the Company Financial Snapshot (` Mn)
RITES Ltd (RITES), a Miniratna category-I CPSE, was established in 1974 under the aegis
Parameters FY16 FY17
of Indian Railways. RITES provides services in three distinct fields of business activities;
consultancy in transport infrastructure; leasing, exports, maintenance and rehabilitation Total Income 12,937.50 N.A.
of rolling stock, railway equipment and modernisation of railway workshops; quality
Net Profit 3,389.20 N.A.
assurance, construction supervision and project management. The company provides
consultancy, engineering and project management services in railways, highways, Total Assets 42,948.20 N.A.
airports, port & water resources, ropeways, urban transport, urban planning and marine
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engineering, etc in India and abroad. During FY16, RITES was engaged in several domestic
projects like consultancy for Bangalore metro phase-I, Delhi metro phase-III and rail NPM (%) 26.2 N.A.
infrastructure for various projects of NTPC, CIL, DVC and other power utilities, amongst C/R (Times) 1.5 N.A.
other. The company also secured few foreign contracts from Bangladesh, Myanmar,
Senegal and Mozambique during FY16. PSU Status (As of May 2017)
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SAIL Refractory Company Limited Dun & Bradstreet D-U-N-S® No 87-362-9416

Salem Steel Plant, Salem - 636013, TN
Website: www.sail.co.in/subsdiary/sail-refractory-company-limited
About the Company Financial Snapshot (` Mn)
SAIL Refractory Company Ltd (SRCL) is a wholly-owned subsidiary of Steel Authority of
Parameters FY16 FY17
India Ltd. SAIL acquired the Salem Refractory Unit of Burn Standard Company Ltd on Dec,
16 2011 which was later renamed as SRCL. SRCL offers a wide range of products including Total Income 1,244.84 N.A.
magnesite bricks, magnesite-chrome bricks, chrome-magnesite bricks, magnesite-carbon
Net Profit 154.53 N.A.
bricks, bulk & monolithics, dunite & dunite fractions, and ground calcined magnesite.
SRCL’s products are used by all SAIL steel plants, Rail Wheel Factory, Metal & Steel Factory, Total Assets 1,490.83 N.A.
Bharat Heavy Electricals Ltd, Hindustan Copper Ltd and JSW Steel Co Ltd, etc. SRCL has an
Ratios
installed capacity of 1,500 MT per month for production of calcined magnesite, 1,200 MT
for basic bricks, 500 MT for mag-carb bricks, 3,000 MT for bulk & monolithics and 2,000 NPM (%) 12.4 N.A.
MT for dunite. The company has magnesite reserves of about 10 MT and about 9 MT of C/R (Times) 2.6 N.A.
dunite.
PSU Status (As of May 2017)
-

Scooters India Limited Dun & Bradstreet D-U-N-S® No 92-299-2032

Lucknow-Kanpur Road, Post Bag No. 23, Sarojini Nagar, Lucknow – 226008, UP
Website: www.scootersindia.com
About the Company Financial Snapshot (` Mn)
Scooters India Ltd (SIL), incorporated in 1972, is a wholly-integrated automobile company,
Parameters FY16 FY17
engaged in designing, developing, manufacturing and marketing conventional and non-
conventional fuel driven three-wheelers. SIL possesses global rights of the trade name Total Income 1,486.31 N.A.
‘Lambretta/Lambro’. In 1975, SIL started commercial production of scooters under the
Net Profit 54.84 N.A.
brand name of ‘Vijai Super; for domestic market and ‘Lambretta’ for overseas market.
In 1997, however, the company discontinued the business of two-wheeler scooter Total Assets 1,780.83 N.A.
production and solely concentrated on manufacturing and marketing of three-wheelers.
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The company markets its three-wheelers under the brand ‘Vikram’ in domestic market
and ‘Lambro; in overseas market. Some of the vehicles developed by the company include NPM (%) 3.7 N.A.
Vikram 450D (HB), Vikram 1000 CG, Vikram 1500 CG, Vikram EV, Vikram 750D (AC) and C/R (Times) 2.9 N.A.
Vikram 450D (STG). SIL’s export markets include Germany, Italy, Sudan, Nigeria, Nepal and
Bangladesh. In FY16, SIL produced 834,134 passenger carriers and 99,816 goods carriers PSU Status (As of May 2017)
and sold 441,091 passenger carriers and 97,001 goods carriers respectively. -

Security Printing and Minting

Corporation of India Limited Dun & Bradstreet D-U-N-S® No 67-593-2337
16th Floor, Jawahar Vyapar Bhawan, Janpath, New Delhi - 110001, Delhi
Website: www.spmcil.com
About the Company Financial Snapshot (` Mn)
Security Printing and Minting Corporation of India Ltd (SPMCIL), a Miniratna Category - I
Parameters FY16 FY17
CPSE was incorporated in Jan 2006. SPMCIL was formed after corporatisation of nine units
including four mints, four presses and one paper mill which were formerly functioning Total Income 48,755.94 N.A.
under the Ministry of Finance. SPMCIL is engaged in the production of bank notes, coins,
Net Profit 2,030.81 N.A.
security paper, non-judicial stamp papers, postal stamps & stationery, travel documents
like passport & visa, security certificates, cheques, bonds, warrants, security inks, Total Assets 75,847.04 N.A.
medallions etc. During FY16, the company produced 9,254 mn pieces of the circulating
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coins as against 7,929 mn pieces in FY15. SPMCIL produced 809 MT of security inks in
FY16 as against the production of 525 MT of security inks in FY15. In case of security NPM (%) 4.2 N.A.
paper, the company produced 3,816 MT of security paper in FY16 as compared to the C/R (Times) 3.0 N.A.
production of 3,266 MT of the security paper during FY15. During FY16, the production
of bank notes by SPMCIL was 7,150 mn pieces as against 8,358 mn pieces during FY15. PSU Status (As of May 2017)
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The Shipping Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 65-006-7580
Shipping House, 245, Madam Cama Road, Mumbai - 400021, Maharashtra
Website: www.shipindia.com
About the Company Financial Snapshot (` Mn)
The Shipping Corporation of India Ltd (SCI) was incorporated in 1961 by the amalgamation
Parameters FY16 FY17
of Eastern Shipping Corporation and Western Shipping Corporation. SCI received Navratna
status in 2008. The company owns fleets viz bulk carriers, crude oil tankers, product Total Income 42,146.70 35,921.00
tankers, container vessels, passenger-cum-cargo vessels, phosphoric acid/ chemical
Net Profit 7,532.80 1,355.20
carriers, LPG/ ammonia carriers and offshore supply vessels. It operates in large number
of areas of the shipping business comprising break-bulk services, international container Total Assets 147,165.20 144,655.70
services, liquid/ dry bulk services, offshore services and passenger services. The company
Ratios
also provides technical consultancy assistance in the form of design consultancy, project
management & feasibility studies and assistance for acquisition of second-hand ships. As NPM (%) 17.9 3.8
on Feb 1, 2017, SCI owned 69 ships of 5.85 mn DWT and 3.3 mn GT. In FY16 the revenue C/R (Times) 0.9 0.7
from liner segment registered a substantial decline of 41% y-o-y to ` 5.3 bn while the
revenue from bulk segment reported an increase of 6% y-o-y to ` 32.2 bn. In Sep 2016, PSU Status (As of May 2017)
SCI incorporated its wholly owned subsidiary Inland & Coastal Shipping Ltd. Navratna

SJVN Limited Dun & Bradstreet D-U-N-S® No 65-067-9319

SJVN, Corporate Office Complex, Shanan, Shimla – 171006, HP
Website: www.sjvn.nic.in
About the Company Financial Snapshot (` Mn)
SJVN Ltd (SJVN), a Mini ratna company, was incorporated in 1988 as a JV between GoI
Parameters FY16 FY17
and the Govt of HP. SJVN is primarily engaged in generation and sale of power. In the
power generation segment, SJVN is operating hydro power projects, thermal power Total Income 24,939.60 24,686.60
projects, wind power projects and solar power projects. The company is undertaking
Net Profit 14,073.40 15,441.40
projects in HP, Uttarakhand, Bihar, Gujarat and Arunachal Pradesh in India as well as in
Nepal and Bhutan. The company has an installed capacity of 1,959.6 MW (comprising of Total Assets 153,799.00 153,767.90
1,912 MW hydro power and 47.6 MW wind power). Moreover, it is engaged in power
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transmission business by partnering with other companies to lay out the cross-border
Indo-Nepal power transmission line. SJVN has acquired 26% equity in Cross-Border Power NPM (%) 56.4 62.6
Transmission Company Ltd on the Indian portion of the Indo-Nepal power transmission C/R (Times) 8.2 7.1
line. The company also offers consultancy services in an integrated manner from concept
to commissioning of hydroelectric projects to national and international organisations. In PSU Status (As of May 2017)
FY16 the gross energy generation by the company stood at 9,346.13 MU. Miniratna - I

South Eastern Coalfields Limited Dun & Bradstreet D-U-N-S® No 65-068-8435

Seepat Road, Bilaspur – 495006, Chattisgarh
Website: www.secl-cil.in
About the Company Financial Snapshot (` Mn)
South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India Ltd was incorporated in
Parameters FY16 FY17
1985. SECL operates under the administrative control of Ministry of Coal, GoI and has
been accorded with the Miniratna Category – I status by GoI. SECL is primarily engaged Total Income 182,206.40 N.A.
in the production and sale of coal. The coal reserves of the company are spread over
Net Profit 32,479.00 N.A.
Chhattisgarh and MP. SECL operates through 89 mines, out of which 35 mines are located
in MP and 54 mines in Chhattisgarh. SECLs mines have been grouped in three coalfields Total Assets 202,653.80 N.A.
namely Central India Coalfields, Korba Coalfields and Mand - Raigarh Coalfields with a
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total of 13 operating areas. SECL also operates coal carbonization plant named Dankuni
coal complex at Dankuni, WB, on lease basis from Coal India Ltd. In FY16, the company NPM (%) 17.8 N.A.
produced coal of 137.9 MT, registering a growth of 7.5% y-o-y. The coal off-take registered C/R (Times) 2.2 N.A.
a growth of 12.6% y-o-y to 138.7 MT in FY16. The productivity in terms of overall output
per manshift of SECL was 8.5Te. PSU Status (As of May 2017)
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The State Trading Corporation of India

Limited Dun & Bradstreet D-U-N-S® No 65-033-3206
Jawahar Vyapar Bhawan, Tolstoy Marg, New Delhi - 110001, Delhi
Website: www.stclimited.co.in
About the Company Financial Snapshot (` Mn)
The State Trading Corporation of India Ltd (STC) incorporated in 1956 is a public sector
Parameters FY16 FY17
company managed by the Ministry of Commerce & Industry. The company’s activities
comprise of importing commodities on behalf of the Government; it conducts business Total Income 108,557.50 N.A.
on behalf of other business associates on back-to-back basis and it directly trades in
Net Profit 178.60 N.A.
commodities. STC imports and exports products including agro-commodities such as
grains, pulses, edible oil, oilseeds, extractions, coarse grain and tea; precious metals Total Assets 48,482.60 N.A.
comprise gold and silver; mineral, metal ores such as manganese and iron ore. STC imports
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coal and coke for power generation companies and it is a nominated canalizing agency
for importing urea. STC is the nodal agency which monitors counter trade commitments NPM (%) 0.2 N.A.
of business conducted by various Government departments. STC on behalf of central C/R (Times) 1.1 N.A.
and state Governments imports equipments used in medical, security, surveillance,
fire, sports and agriculture. It has also imported arms for state police departments and PSU Status (As of May 2017)
scientific equipments for laboratories. Miniratna - I

Steel Authority of India Limited Dun & Bradstreet D-U-N-S® No 91-562-8402

Ispat Bhawan, Lodi Road, New Delhi – 110003, Delhi
Website: www.sail.co.in
About the Company Financial Snapshot (` Mn)
Steel Authority of India Ltd (SAIL) was originally established as Hindustan Steel Pvt. Ltd. in
Parameters FY16 FY17
1954. It produces a diverse range of steel products that include flat products like hot rolled
coils and plates; cold rolled coil, pipes and electric sheets as well as long products like Total Income 396,668.40 N.A.
thermo-mechanically treated bars and wire rods. It also manufactures galvanized sheets,
Net Profit (41,372.60) N.A.
electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and
other alloys for different sectors like construction, defense industry, railways, engineering, Total Assets 982,694.40 N.A.
power etc. In FY16, the company’s hot metal production stood at 15.7 million tonne
Ratios
(MT) compared to 15.4 MT. In the same period, the new bloom cum round caster, new
dolomite plant and 125 Tonne ladle furnace were commissioned in Durgapur Steel Plant. NPM (%) (10.4) N.A.
The Medium Section Mill (MSM) started trial production from January 2016. In FY16, C/R (Times) 0.6 N.A.
continuously-cast steel and sinter production stood at 10.8 MT and 22.6 MT respectively
recording 4% and 10% growth respectively as compared to FY15. PSU Status (As of May 2017)
Maharatna

Telecommunications Consultants India

Limited Dun & Bradstreet D-U-N-S® No 65-009-3982
TCIL Bhawan, Greater Kailash – I, New Delhi - 110048, Delhi
Website: www.tcil-india.com
About the Company Financial Snapshot (` Mn)
Telecommunications Consultants India Ltd (TCIL), a Miniratna category-I CPSE,
Parameters FY16 FY17
was incorporated in 1978 under the administrative control of Department of
Telecommunications, Ministry of Communications, GoI. TCIL undertakes projects in the Total Income 13,582.07 N.A.
fields of telecommunications, IT and infrastructure in India and abroad. The company
Net Profit 365.19 N.A.
operates in three service segments namely consultancy, turn key implementation and
training. Under consultancy services, TCIL offers consultancy services in telecom, IT and Total Assets 22,337.20 N.A.
architecture. Under turn key implementation segment, the company undertakes turnkey
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projects from concept to commissioning to cover complete life cycle. Besides, TCIL
provides telecom and IT training either through its own resources or through external NPM (%) 2.7 N.A.
agencies. The company offers its services to telecom operators, bulk users and others in C/R (Times) 1.1 N.A.
India and 80 other countries. Telecommunication projects account for 48.2% of the total
turnover of TCIL while consultancy and service contracts accounts for 24% of the total PSU Status (As of May 2017)
turnover of the company. The order booking of TCIL during FY16 was ` 20.2 bn. Miniratna - I

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THDC India Limited Dun & Bradstreet D-U-N-S® No 65-033-3321

Ganga Bhawan, Pragatipuram, Bye-Pass Road, Rishikesh – 249201, Uttarakhand
Website: www.thdc.co.in
About the Company Financial Snapshot (` Mn)
THDC India Ltd (THDCIL), a JV of GoI and Govt of UP was incorporated in 1988 to
Parameters FY16 FY17
develop, operate and maintain 2400 MW Tehri Hydro Power Complex and other hydro
projects. THDCIL is primarily engaged in development, operation and maintenance the Total Income 24,796.50 N.A.
2,400 MW Tehri Hydro Power Complex comprising of 1000 MW Tehri Dam & HPP, 1000
Net Profit 8,090.20 N.A.
MW Tehri Pumped Storage Plant & 400 MW Koteshwar HEP along with other Hydro
Projects. THDCIL is also implementing the 444 MW Vishnugad Pipalkoti Hydro Electric Total Assets 135,491.40 N.A.
Project in Uttarakhand and 24 MW Dhukwan Small Hydro Project in UP. Currently, the
Ratios
company is operating with the installed capacity of 1,513 MW comprising of two hydro
generating stations namely Tehri Stage-I (4X250 MW) and Koteshwar HEP (4X100 MW) NPM (%) 32.6 N.A.
and two operational wind power projects at Patan (25X2 MW) & at Devbhoomi Dwarika C/R (Times) 2.2 N.A.
(30X2.1 MW) in Gujarat. THDCIL also has a portfolio of 18 projects totalling to 6,374
MW of installed capacity under various stages of implementation. In FY16, the company PSU Status (As of May 2017)
produced 4,348 MU and sold 3,813 MU of electricity. Miniratna - I

Uranium Corporation of India Limited Dun & Bradstreet D-U-N-S® No 65-011-7781

P.O. Jaduguda Mines, Dist. Singhbhum (East) – 832102, Jharkhand
Website: www.ucil.gov.in
About the Company Financial Snapshot (` Mn)
Uranium Corporation of India Ltd (UCIL), incorporated in 1967 under the Department
Parameters FY16 FY17
of Atomic Energy, GoI, fulfils the requirement of uranium for pressurised heavy water
reactors and supports the nuclear power generation programme of India. It is engaged in Total Income 10,246.29 N.A.
mining and processing of uranium ore in India. The company has six underground mines
Net Profit 1,021.25 N.A.
located at Jaduguda, Bhatin, Narwapahar, Turamdih, Bagjata, Mohuldih and opencast
mine at Banduhurang in the state of Jharkhand. It operates through two processing plants Total Assets 34,175.56 N.A.
at Jaduguda and Turamdih. UCIL’s projects include the construction of a new underground
Ratios
mine and process plant at Tummalapalle, AP. Some of the new projects taken up by
UCIL in FY16 include; Tummalapalle Uranium project in AP; Gogi Uranium project in NPM (%) 10.0 N.A.
Karnataka; Lambapur uranium project in Telengana; and Kylleng Pendengsohiong project C/R (Times) 0.4 N.A.
in Meghalaya; Rohil Uranium Deposit in Rajasthan; Magnetite recovery plant in Turamdih;
Uranium peroxide facility in Turamdih; and modernisation of Bhatin mine amongst others. PSU Status (As of May 2017)
-

WAPCOS Limited Dun & Bradstreet D-U-N-S® No 72-522-7370

5th Floor, Kailash, 26, Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.wapcos.gov.in
About the Company Financial Snapshot (` Mn)
WAPCOS Ltd (WAPCOS), incorporated in 1969 and operates under the aegis of Union
Parameters FY16 FY17
Ministry of Water Resources, River Development & Ganga Rejuvenation. It offers
consultancy & EPC services in water, power and infrastructure sectors in India and abroad. Total Income 8,541.18 N.A.
The company operates in two business segments: consultancy & turnkey project. The
Net Profit 838.31 N.A.
consultancy services covers preliminary investigations/reconnaissance, baseline and
socio-economic surveys, field surveys and investigations and testing, project management Total Assets 12,024.60 N.A.
and construction supervision, and engineering designs, drawings and tendering process
Ratios
among others. There are two sub-segments for turnkey projects i.e. Salma dam project
and other engineering projects. WAPCOS is registered with international funding agencies NPM (%) 9.8 N.A.
like World Bank, Asian Development Bank, African Development Bank, Japan Bank for C/R (Times) 1.7 N.A.
International Cooperation and the UN Office for project services. In FY16, the company
procured highest growth in business to the tune of ` 17.4 bn as against ` 10.4 bn in FY15, PSU Status (As of May 2017)
which is an increase of 66.92%. Miniratna - I

54
 India’s Top PSUs 2017

Western Coalfields Limited Dun & Bradstreet D-U-N-S® No 65-005-8860

Coal Estate, Civil Lines, Nagpur – 440001, Maharashtra
Website: www.westerncoal.nic.in
About the Company Financial Snapshot (` Mn)
Western Coalfields Ltd (WCL) was established in 1975. WCL is one of the eight subsidiaries
Parameters FY16 FY17
of Coal India Limited. The company has been accredited with the status of Miniratna
Category – I CPSE by GoI in 2007. WCL is primarily engaged in production and sale of Total Income 81,417.40 N.A.
coal. WCL’s mining operations are spread over the states of Maharashtra (in Nagpur,
Net Profit 2,966.10 N.A.
Chandrapur and Yeotmal districts) and MP (in Betul and Chhindawara districts). As of Mar
31, 2016, WCL operated 86 coal mines comprising 39 under-ground mines, 45 open-cast Total Assets 108,724.20 N.A.
mines and two mixed mines. The company supplies coal to the power houses, electricity
Ratios
boards and a range of industries such as cement, steel, chemical fertilizer, paper & brick
from the states of Maharashtra, MP, UP, Gujarat, AP, TN, Karnataka and Kerala. During NPM (%) 3.6 N.A.
FY16, WCL achieved coal production of 44.8 mn tonnes as against 41.1 mn tonnes in FY15. C/R (Times) 1.8 N.A.
The coal off-take during FY16 was 42.3 mn tonnes as against the previous year’s 41.2 mn
tonnes. PSU Status (As of May 2017)
Miniratna - I

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios
NPM (%)
C/R (Times)
PSU Status (As of May 2017)

55
Banks
India’s Top PSUs 2017

Allahabad Bank Dun & Bradstreet D-U-N-S® No 65-007-7050

2 Netaji Subhas Road, Kolkata - 700001, WB
Website: www.allahabadbank.com
About the Company
Financial Snapshot (` Mn)
Allahabad Bank (Allahabad Bank) was founded on April 24, 1865 and in October 2002 it
came out with Initial Public Offer (IPO). Allahabad Bank is well spread out in India and Parameters FY16 FY17
one overseas Branch at Hong Kong, besides a Representative office at Shenzhen, China.
It provides personal banking, social banking, MSME banking, Retail credit products, Total Income 207,950.7 203,047.2
corporate banking and international banking facilities. The bank has launched a new
product for opening of Savings Bank account with an Android based smartphone named Net Profit (7,433.1) (3,135.2)
All bank Selfie. It deployed 42 new ATMs in FY16 thus bringing the total number of ATMs
to 1,212 as on Mar 31, 2016. Allahabad Bank also launched RuPay Platinum Debit Card Total Business 3,583,520.0 3,599,740.0
(International) in FY16. As on Mar 31, 2016, the bank had a total of 3,209 domestic
Ratios (%)
branches.
NIM 2.7 2.5

Net NPA Ratio 6.8 8.9

Andhra Bank Dun & Bradstreet D-U-N-S® No 65-033-2562

5-9-11, Dr. Pattabhi Bhavan, Saifabad, Hyderabad - 500004, Telangana
Website: www.andhrabank.in
About the Company
Financial Snapshot (` Mn)
Andhra Bank (Andhra Bank), established in 1923 and incorporated in 1991, is a public
sector bank in which the Government holds, as on Dec 31, 2016, a majority shareholding Parameters FY16 FY17
of around 61%. The bank offers its services to the retail, agriculture, MSME, corporate
and NRI segments. On Mar 31, 2016, Andhra Bank had 2,803 branches including 45 Total Income 191,991.5 203,357.2
specialized branches, four extension counters, 34 satellite offices and 3,636 ATMs across
26 states and three UTs. It has two representative overseas offices in Dubai, UAE and New Net Profit 5,398.4 1,743.3
Jersey, USA. Andhra Bank is an Authorised Dealer and offers foreign exchange services
through its 56 B-category designated branches. The bank is present in the insurance Total Business 3,106,730.0 3,396,730.0
sector through a joint venture named First Life Insurance Co. Ltd., with Bank of Baroda
Ratios (%)
and Legal and General Plc, UK. It has a banking subsidiary in Malaysia in collaboration
with Bank of Baroda and Indian Overseas Bank named India International Bank (Malaysia) NIM 3.2 3.1
BHD. During FY16 Andhra Bank’s total deposits stood at ` 1,743.02bn and advances stood
at ` 1,363.71bn. Net NPA Ratio 4.6 7.6

Bank of Baroda Dun & Bradstreet D-U-N-S® No 87-177-5857

Baroda House, Mandvi, Vadodara - 390006, Gujarat
Website: www.bankofbaroda.com
About the Company
Financial Snapshot (` Mn)
Bank of Baroda (BoB) was incorporated in the year 1908 and provides variety of banking
solutions such as Deposits, Loans & Advances, Collection Services, Working Capital Parameters FY16 FY17
Finance, Term Finance, Non-Fund based Facilities, Trade Finance and Merchant Banking.
The product and services includes personal offerings like fixed and recurring deposit, credit Total Income 490,601.4 489,579.9
& debit card amongst few; corporate offerings like wholesale, loans etc; international
offerings like FCNRB loans, Trade finance etc; SME offerings like Baroda Vidyasthali Loan, Net Profit (53,955.4) 13,831.4
Baroda Weavers Credit Card amongst many services, and Rural banking, NRI Services and
Treasury like Forex operations. During 2016, the bank implemented E-KYC at branches Total Business 9,578,080.0 9,849,344.0
and business correspondence points. It also installed 945 additional ATMs during the
Ratios (%)
year. It has a wide network of 1,964 rural branches and 1,425 semi-urban branches, 60
overseas branches as on Mar 31, 2016. NIM 2.1 2.2

Net NPA Ratio 5.1 4.7

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 India’s Top PSUs 2017

Bank of India Dun & Bradstreet D-U-N-S® No 65-005-6880

C - 5, Star House, G Block, BKC, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.bankofindia.co.in
About the Company
Financial Snapshot (` Mn)
Bank of India (BoI) was founded on 7th September, 1906 in Mumbai. The bank was
nationalised in 1969. BOI business segments include treasury operations, wholesale Parameters FY16 FY17
banking and retail banking. In FY15, the bank introduced virtual cards for e-commerce;
PayWave- Tap and go contactless payment systems; self-service kiosks –Bar coded Total Income 454,490.1 460,631.8
passbooks; BoI EasyPay – person to person payment solutions; miscall facility to know the
balance of SB/CD/OD accounts; it also introduced Instant Money Transfer Facility (IMTF). Net Profit (60,892.1) (15,583.1)
As on Mar 31, 2016, the bank had 5,016 domestic branches across the country and 61
branches overseas. It also introduced RuPay Platinum Cards, platinum credit cards and Total Business 8,721,934.8 9,065,136.7
launched mVisa –mobile payment solution during 2016. During FY16, BoI integrated its
Ratios (%)
operating system with Vidya Lakshmi Portal, a GoI initiative to provide single window
solutions to students’ availing education loans. NIM 2.1 2.2

Net NPA Ratio 7.8 6.9

Bank of Maharashtra Dun & Bradstreet D-U-N-S® No 65-028-0423

‘Lokmangal’, 1501, Shivajinagar, Pune - 411005, Maharashtra
Website: www.bankofmaharashtra.in
About the Company
Financial Snapshot (` Mn)
Bank of Maharashtra (BoM) was incorporated in 1935 for providing financial services
to general public, small traders and businesses. In 1944 the bank obtained a scheduled Parameters FY16 FY17
bank status and in 1969 it was amongst the 14 banks to be nationalized. BoM obtained
autonomy in 1996 and it was listed on NSE and BSE in 2004. The bank’s total branch Total Income 140,722.8 135,700.3
network comprised of 1895 branches across all states and four UTs with 658 branches in
rural areas, 434 in semi-urban, 437 in metro and 366 branches in urban areas. BoM is in Net Profit 1,006.9 (13,725.1)
the process of relocating its 405 ATMs, as on Mar 31, 2016 335 were relocated to feasible
locations. BoM is a depository participant of CDSL and it provides Basic Services Demat Total Business 2,502,301.0 2,405,900.0
Account Facility (BSDA). It offers life and non life insurance and has a bancassurance
Ratios (%)
arrangement with UII Co. Ltd. and LIC of India. BoM caters to the agriculture, MSME and
retail segments; provides loans against gold ornaments, housing loans, educational loans, NIM 2.6 2.0
microfinance services amongst others.
Net NPA Ratio 6.4 11.8

Canara Bank Dun & Bradstreet D-U-N-S® No 65-005-6757

112, J C Road, Bengaluru - 560002, Karnataka
Website: www.canarabank.com
About the Company
Financial Snapshot (` Mn)
Canara Bank (Canara Bank), a nationalized bank founded in 1906, caters to various
segments such as personal, corporate, NRI banking, priority sector and MSMEs. Its Parameters FY16 FY17
product portfolio includes savings & Deposits, loan products, mutual funds, insurance
business, card services, remittance facilities and agriculture and rural credit schemes. The Total Income 488,973.6 489,420.4
Bank has set up 147 hi-tech E-lounges in select branches with facilities like ATM, Cash
Deposit Kiosk with voice guided system, Cheque Deposit Kiosk, Self-Printing Passbook Net Profit (28,128.2) 11,219.2
Kiosk, Internet Banking Terminal, Online Trading Terminal and Corporate Website Access.
The Bank also launched Canara Bank RuPay Debit Card, Canara Club Card – Debit, Canara Total Business 8,045,060.0 8,372,840.0
Elite Debit Card, Canara Bank Platinum Rupay etc. As on mar 31, 2016, Canara Bank
Ratios (%)
had 5,849 branches and 9,251 ATMs spanning across the country. The bank’s mobile
applications include CanMobile, Canara e-Infobook and Canara m-wallet. NIM 2.2 2.2

Net NPA Ratio 6.4 6.3

59
India’s Top PSUs 2017

Central Bank of India Dun & Bradstreet D-U-N-S® No 86-221-3654

Chander Mukhi, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.centralbankofindia.co.in
About the Company
Financial Snapshot (` Mn)
Central Bank of India (Central Bank) was established in 1911 and mainly operates in
treasury, wholesale banking and retail banking segments. Under its agri banking business Parameters FY16 FY17
it offers Cent Kisan Tatkal Scheme, Cent Solar Light Scheme, and Cent Kisan Credit Card
among others. Other schemes include Cent Mortgage, Cent Doctor, and Cent protsahan Total Income 278,266.8 275,370.5
etc. as part of its MSME banking business. Its overseas operations are spread across six
countries including London and Leicester (UK), Hong Kong, Shanghai (China) and Manama Net Profit (14,181.9) (24,391.0)
(Bahrain), a Representative Office at Sharjah (UAE). During FY16, the bank launched new
products namely Credit Guarantee Scheme for Scheduled Castes, Cent Hosiery and CENT Total Business 4,563,370.0 4,496,790.0
MUDRA- MUDRA CARD. As on Mar 31, 2016, the bank had a network consisting of 4,728
Ratios (%)
branches, 3,677 Ultra Small Branches and 5,254 ATMs across the country.
NIM 2.8 2.5

Net NPA Ratio 7.4 10.2

Corporation Bank Dun & Bradstreet D-U-N-S® No 65-019-2792

Mangaladevi Temple Road, P.O.Box 88, Pandeshwar, Mangaluru - 575001, Karnataka
Website: www.corpbank.com
About the Company
Financial Snapshot (` Mn)
Corporation Bank (CorpnBank) was established in 1906 and acquired its present name
in 1980, following its nationalisation in the same year. CorpnBank caters to personal Parameters FY16 FY17
banking, corporate banking, NRI banking and priority banking services. Under personal
banking, CorpnBank offers savings accounts, deposit schemes, loan facilities, remittances, Total Income 211,464.0 225,617.8
cards, insurance and tax & pension schemes. Under corporate banking, CorpnBank offers
working capital financing, term financing, cash management etc. NRI banking services Net Profit (5,064.8) 5,612.1
include saving accounts, term deposits, remittance facilities and loan facilities to NRIs. In
FY16, CorpnBank has opened 156 branches and 107 ATMs taking the total count to 2,440 Total Business 3,454,930.8 3,609,164.1
branches and 3,040 ATMs as on Mar 31, 2016. It launched new products in FY16 such
Ratios (%)
as Corp Home Smart, Pradhan Mantri Awas Yojana, CORP ePURSE, etc. CorpnBank also
signed an MOU with LIC of India during the year. NIM 2.1 2.1

Net NPA Ratio 6.5 8.3

Dena Bank Dun & Bradstreet D-U-N-S® No 65-009-6316

Dena Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.denabank.com
About the Company
Financial Snapshot (` Mn)
Dena Bank (Dena Bank) was incorporated in 1938 as Devkaran Nanjee Banking Company
Ltd. In 1939, it was converted to a public limited company with the name Dena Bank Ltd Parameters FY16 FY17
and was nationalized in 1969. The bank offers a variety of banking services viz personal
banking, internet banking, corporate banking, international banking and priority & SME Total Income 113,625.3 114,330.7
lending. Under personal banking, Dena Bank offers retail banking solutions and under
corporate banking it has specific schemes for sectors like education, builders & developers, Net Profit (9,353.2) (8,636.2)
hospitals, hotels and entertainment. Under international banking, the bank offers trade
finance and NRI banking services and also has representative office in London, UK. As of Total Business 2,032,420.0 1,914,810.0
Mar 31, 2016, Dena Bank operated with network of 1,846 branches, 1,471 ATMs and 74
Ratios (%)
E-Smart customer convenience centres. In Jul 2016, the GoI decided to infuse ` 5.9 bn
as capital into the bank by way of preferential allotment of equity shares in favour of the NIM 2.2 2.0
Government of India. In Mar 2016, the bank allocated equity shares aggregating upto
` 650 mn to LIC of India on preferential basis. Net NPA Ratio 6.4 10.7

60
 India’s Top PSUs 2017

IDBI Bank Limited Dun & Bradstreet D-U-N-S® No 67-563-5600

IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra
Website: www.idbi.com
About the Company
Financial Snapshot (` Mn)
IDBI Bank Ltd (IDBI Bank) was established in 1964 as a financial Institution by the name of
Industrial Development Bank of India. It acquired its current name in 2008. IDBI Bank has Parameters FY16 FY17
its business segment classified under the following namely personal, MSME, corporate,
retail, SME, Agri products and services and NRI amongst others. The bank has a tie-up Total Income 314,534.6 317,589.7
with IDBI Federal Life Insurance Company Ltd and Bajaj Allianz General Insurance Co. Ltd
for distribution of life and non-life insurance products. As on March 31, 2016, the bank’s Net Profit (36,648.0) (51,581.4)
network stood at 1,846 branches, including one overseas branch and the number of ATMs
stood at 3,310. IDBI Bank also launched new schemes and products such as Skill Loan Total Business 4,816,130.0 4,593,640.3
Scheme, IDBI MUDRA Loan, IDBI Bunkar MUDRA Yojana, PayApt wallet, JusTab, etc.
Ratios (%)

NIM 1.9 N.A.

Net NPA Ratio 6.8 13.2

Indian Bank Dun & Bradstreet D-U-N-S® No 91-644-0035

66, Rajaji Salai, Chennai – 600001, TN
Website: www.cropscience.bayer.in
About the Company
Financial Snapshot (` Mn)
Indian Bank (Indian Bank) established in 1907 is a public sector bank in which the
Government holds about 82% of the bank’s shares. In addition to the corporate and retail Parameters FY16 FY17
segment, Indian Bank focuses on priority lending segments such as agriculture, education
and SMEs. Indian Bank has a Corporate Agency Arrangement with United India Insurance Total Income 180,252.0 182,511.2
Co. Ltd. for offering non-life insurance product. It also provides life insurance services in
collaboration with LIC of India. Indian Bank with UTI Asset Management Co. Ltd, Reliance Net Profit 7,113.8 14,056.8
Capital Asset Management Ltd. and SBI Funds Management Pvt. Ltd also ventured in to
the business of mutual fund distribution. Indian Bank is an authorized dealer of foreign Total Business 3,109,180.0 3,146,540.0
exchange and it has correspondent arrangements with 223 banks in 71 countries. As on
Ratios (%)
Mar 31, 2016, Indian Bank had 2,531 ATMs and 2,562 branches, comprising of 740 rural,
682 semi-urban, 654 urban and 486 metropolitan branches, spread across 27 states and NIM 2.3 2.6
six UTs. Indian Bank has three foreign branches in Singapore, Colombo and Jaffna. Indian
Bank’s total advances on Mar 31, 2016 stood at ` 132.63 bn. Net NPA Ratio 4.2 4.4

Indian Overseas Bank Dun & Bradstreet D-U-N-S® No 65-006-7234

763, Anna Salai, Chennai - 600002, TN
Website: www.iob.in
About the Company
Financial Snapshot (` Mn)
Indian Overseas Bank (IOB) was established in 1937, with focus on foreign exchange
business and overseas banking. In 1969, IOB was nationalised. Personal banking products Parameters FY16 FY17
and services offered by IOB include saving account, current account, term deposit, home
loans, depository services etc. Some corporate banking services offered by the bank Total Income 260,455.5 230,912.3
include term loans, working capital loans, and loans for professionals & self-employed
etc. Under NRI banking, the bank offers remittance services, NRO, RFC, FCNR etc. Rural Net Profit (28,973.3) (34,167.4)
banking business offers agri business consultancy services, agricultural term loans & short
term loans etc. During FY16, the bank has opened 34 branches across the country taking Total Business 3,972,410.0 3,681,190.0
the total number of domestic branches to 3,397 as on Mar 31, 2016. They comprise of
Ratios (%)
1,036 rural branches, 960 semi urban branches, 748 urban branches and 653 metropolitan
branches. NIM 1.9* 2.0*

Net NPA Ratio 11.9 14.0

* Stands for global net interest margin

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India’s Top PSUs 2017

Oriental Bank of Commerce Dun & Bradstreet D-U-N-S® No 87-179-3705

Harsha Bhawan, E Block, Connaught Place, New Delhi - 110001, Delhi
Website: www.obcindia.co.in
About the Company
Financial Snapshot (` Mn)
Oriental Bank of Commerce (OBC), a GoI undertaking, was established in 1943. In 1945,
OBC was acquired by the Thapar Group. In 1980, OBC got nationalized. Later, Punjab Co- Parameters FY16 FY17
operative Bank Ltd and Bari Doaba Bank Ltd were merged with OBC in 1997. In 2004,
the Global Trust bank also was merged with OBC. OBC is engaged in treasury operations, Total Income 219,347.8 211,878.5
corporate or wholesale banking and retail banking operations. It offers various other
products and services such as housing loans, education loans and loans to SMEs, savings Net Profit 1,560.8 (10,940.7)
account and current account among others. During FY16, 100 new branches were opened
and 78 new ATMs were installed by the bank. As of Mar 31, 2016, OBC’s total delivery Total Business 3,577,948.1 3,857,772.5
channels stood at a total of 4,917, comprising of 2,351 Branches and 2,566 ATMs.
Ratios (%)

NIM 2.7 2.4

Net NPA Ratio 6.7 9.0

Punjab & Sind Bank Dun & Bradstreet D-U-N-S® No 91-535-6179

21, Bank House, Rajendra Place, New Delhi – 110008, Delhi
Website: www.psbindia.com
About the Company
Financial Snapshot (` Mn)
Punjab & Sind Bank (P&SB) was incorporated in 1908 as The Punjab & Sind Bank Ltd. In
1980 the bank got nationalised and acquired its present name. P&SB is primarily engaged Parameters FY16 FY17
into retail banking, treasury, corporate/ wholesale banking and other banking operations.
Under retail banking segment, the bank provides loans and advances for housing, trade, Total Income 92,228.3 87,509.7
education, auto loan and personal loan. It is also engaged in priority sector lending for the
agriculture sector and SMEs. The corporate banking segment products include term loans, Net Profit 3,359.7 2,010.8
short-term loans, cash and export credit, bill discounting and working capital finance. The
bank undertakes international banking and offers NRI services, export/import services, Total Business 1,565,270.0 1,458,030.0
non-fund business products and forex treasury among others. As on Mar 31, 2016, the
Ratios (%)
bank had 1,481 branches and 1,341 ATMs. The total deposits of the bank reported a
growth of 5.2% while advances increased by 0.74% as on Mar 31, 2016. During FY16, the NIM 2.2 N.A.
bank launched three new schemes viz PSB Housing Loan Top-up Scheme, PSB ‘Grow and
Pay’ Housing Loan Scheme and Skill loan scheme. Net NPA Ratio 4.6 7.5

Punjab National Bank Dun & Bradstreet D-U-N-S® No 87-179-3629

7, Bhikaji Cama Place, New Delhi - 110607, Delhi
Website: www.pnbindia.in
About the Company
Financial Snapshot (` Mn)
Punjab National Bank (PNB) commenced its operations in 1895, and was nationalized in
1969. In 1993, New Bank of India was merged with PNB and further in 2003, Nedungadi Parameters FY16 FY17
Bank Ltd was amalgamated with the bank. Under personal banking, the bank offers
savings, current, fixed deposits, credit, doorstep banking services etc. The bank has a Total Income 534,244.0 562,273.6
branch network of 6,759 and 9,463 ATMs as on Mar 31, 2016. During FY16, 202 new
branches were added. PNB also added 32 ‘women only’ branches named “Akshaya” during Net Profit (39,744.0) 13,248.0
the year. These branches are managed exclusively by women for the women customers
only. It also launched a slew of innovative digital products and solutions in FY16 such as Total Business 9,653,770.0 10,411,970.0
PNB ATM Assist, PNB MobiEase, PNB Sleep Easy, Green PIN, etc. A saving product, named
Ratios (%)
“PNB POWER SAVINGS” exclusively for women was launched in March 2016.
NIM 2.6 2.4

Net NPA Ratio 8.6 7.8

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 India’s Top PSUs 2017

State Bank of India Dun & Bradstreet D-U-N-S® No 67-723-6822

State Bank Bhavan, Madame Cama Marg, Mumbai - 400021, Maharashtra
Website: www.sbi.co.in
About the Company
Financial Snapshot (` Mn)
State Bank of India (SBI) was founded in 1806, as Bank of Calcutta and subsequently evolved
into SBI in the year 1955. SBI primarily operates in the business segments namely personal Parameters FY16 FY17
banking, agricultural banking, international banking and other banking operations. SBI’s
international banking operation spans across 196 offices spread across 37 countries in Total Income 1,918,436.7 2,109,791.7
the world. During FY16, it opened two new branches in United Kingdom and four Indian
visa application centres in Bangladesh. After opening 451 new branches and 286 ATMs Net Profit 99,506.5 104,841.0
during the year, the branch network of the bank reached a total of 16,784 branches and
42,740 ATMs as of Mar 31, 2016. SBI launched the mobile banking applications State Bank Total Business 31,944,228.5 36,158,297.8
Anywhere Saral and State Bank Anywhere Corporate in FY16. With effect from 1st April
Ratios (%)
2017, the entire undertaking of State Bank of Bikaner & Jaipur, State Bank of Mysore,
State Bank of Travancore, State Bank of Patiala, State Bank of Hyderabad and Bharatiya NIM 3.0 2.8
Mahila Bank has been transferred to and vested in the State Bank of India.
Net NPA Ratio 3.8 3.7

Syndicate Bank Dun & Bradstreet D-U-N-S® No 87-178-8185

Post Box No.1, Udupi Dist, Manipal - 576104, Karnataka
Website: www.syndicatebank.in
About the Company
Financial Snapshot (` Mn)
Syndicate Bank (Syndicate) was incorporated in 1925 as Canara Industrial and Banking
Syndicate Ltd. In 1953, Maharashtra Apex Bank Ltd and Southern India Apex Bank Ltd Parameters FY16 FY17
along with other 18 banks merged with the bank. In 1963, the name of the bank changed
to Syndicate Bank Ltd and in 1969, the bank got nationalised. Syndicate offers a wide Total Income 257,065.1 264,611.8
range of deposit products, loan products, cash management services, NRI services, NEFT
for electronic fund transfer, insurance and MF services amongst others. During FY16 Net Profit (16,434.9) 3,589.5
the bank added 251 branches to its network and the total number of branches stood at
3,766 as on Mar 31, 2016. The total number of ATMs installed by Syndicate till Mar 31, Total Business 4,631,038.3 4,602,302.2
2016 stood at 3,730. It introduced new products like Synd Rd Plus, SyndGuide and Synd
Ratios (%)
Swayam-Savings Bank Online Account Opening Service among others.
NIM 2.3 2.4

Net NPA Ratio 4.5 5.2

UCO Bank Dun & Bradstreet D-U-N-S® No 91-849-8978

10, B.T.M. Sarani, Kolkata - 700001, WB
Website: www.ucobank.com
About the Company
Financial Snapshot (` Mn)
UCO Bank (UCO) was incorporated in 1943 as The United Commercial Bank Ltd and was
nationalized in 1969. In 1985, UCO acquired its present name. It primarily offers personal Parameters FY16 FY17
banking, corporate banking, international and rural banking. Personal banking segment of
UCO offers services such as deposits, loans/advances and debit card services. Under rural Total Income 201,572.8 184,402.9
banking, UCO provides finance to MSME and agriculture sector and offers schemes like
UCO Kisan Tatkal Scheme, UCO Estate Purchase Loan Scheme, Kisan Credit Card and UCO Net Profit (27,992.6) (18,506.7)
Mahila Utthan amongst others. The bank opened 57 branches during FY16. UCO had 10
circle offices, 49 zones, 3,073 domestic branches, 2,564 ATMs and 4 overseas branches, Total Business 3,426,260.0 3,329,400.0
as on Mar 31, 2016. The bank also launched new schemes during the year such as UCO
Ratios (%)
Pre-approved Home Loan scheme and UCO HOME Loan Campaigns.
NIM 2.2 1.6

Net NPA Ratio 9.1 8.9

63
India’s Top PSUs 2017

Union Bank of India Dun & Bradstreet D-U-N-S® No 91-536-0072

239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.unionbankofindia.co.in
About the Company
Financial Snapshot (` Mn)
Union Bank of India (Union Bank) was incorporated in 1919. In 1969, it was nationalized
and acquired its present name. Under personal banking, the bank offers savings & deposit Parameters FY16 FY17
accounts, retail loan schemes, insurance & investment plans, credit & debit cards etc.
Under corporate banking, it offers loan syndication, trade financing, non-life insurance Total Income 358,305.4 376,245.8
plans, e-tax payment services etc. It has launched a specially devised micro-loan product
known as Pragati over bio-metric cards. It has tied-up with Shri Kshetra Dharmasthala Net Profit 13,516.0 5,552.1
Rural Development Project (SKDRDP) an NGO for financing of Self Help Group (SHGs).
Union Bank entered into an agreement with CSC e-Governance India Ltd for launching Total Business 6,204,450.0 6,800,760.0
kiosk banking manned by Business Correspondents (BCs) at various places. The bank had
Ratios (%)
a branch network of 4,196 branches across the county, four branches abroad and 6,883
ATMs as on Mar 31, 2016. NIM N.A. N.A.

Net NPA Ratio 5.3 6.6

United Bank of India Dun & Bradstreet D-U-N-S® No 87-179-4493

United Tower, 11, Hemanta Basu Sarani, Kolkata – 700001, WB
Website: www.unitedbankofindia.com
About the Company
Financial Snapshot (` Mn)
United Bank of India (United Bank) was constituted in Jul 1969 by nationalising its
predecessor the United Bank of India Ltd which was formed in 1950 with the amalgamation Parameters FY16 FY17
of four banks namely Comilla Banking Corporation Ltd, Bengal Central Bank Ltd, Camilla
Union Bank Ltd and Hooghly Bank Ltd. The bank mainly operates in four segments namely Total Income 114,042.0 116,145.3
retail banking, corporate banking, MSME and international banking. In addition to this,
the bank is engaged in depository services, distribution of various mutual fund schemes, Net Profit (2,819.6) 2,195.1
life and non-life insurance products and inward money remittance. The bank operates
through 2,011 branches. As on Mar 31, 2016, the total business of the bank registered a Total Business 1,878,130.0 1,974,420.0
growth of 5.58% to ` 1.87 tn. Its total deposits increased by 6.97% while advances grew
Ratios (%)
by mere 3.4% as on Mar 31, 2016. In Sep 2016, United Bank received ` 6.1 bn from the
central government as a capital infusion. The bank in association with Kotak Securities NIM 2.0 1.6
launched their co-branded share trading product U-Connect TRIO customized for the
United Bank account-holders in Oct 2015. Net NPA Ratio 9.0 10.0

Vijaya Bank Dun & Bradstreet D-U-N-S® No 65-007-9858

No. 41/2, M.G. Road, Bengaluru – 560001, Karnataka
Website: www.vijayabank.com
About the Company
Financial Snapshot (` Mn)
Vijaya Bank (Vijaya Bank) is a commercial bank which was founded in 1931. It became
a scheduled bank in 1958 which was nationalized in 1980. Vijaya bank has a network of Parameters FY16 FY17
2030 branches, 13 extension counters and 1865 ATMs as on Dec 31, 2016 located across
all states and UTs of the country. Vijaya bank’s credit portfolio consists of agriculture, Total Income 129,574.4 140,307.2
industry, MSMEs, corporate, infrastructure and retail segments. During FY16 Vijaya
Bank’s advances amounted to around ` 907.65bn which included about 26% to the retail Net Profit 3,818.0 7,504.9
segment. The bank’s total deposits stood at ` 1254.41bn and retail term deposits as on
Mar 31, 2016 were ` 442.69bn. In FY16 Vijaya Bank’s foreign exchange business turnover Total Business 2,162,060.0 2,298,330.0
was close to ` 222.58bn and it has 49 branches across the country which provide foreign
Ratios (%)
exchange services. Vijaya Bank provides remittance facility through four exchanges
located in UAE which enable NRIs in Gulf countries to electronically remit funds. Vijaya NIM 2.3 2.8
Bank also has Rupee Drawing Arrangement with Oman United Company LLC to facilitate
rupee remittances to the accounts in India. Net NPA Ratio 4.8 4.4

64
 India’s Top PSUs 2017

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Profit

Total Business

Ratios (%)

NIM

Net NPA Ratio

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Profit

Total Business

Ratios (%)

NIM

Net NPA Ratio

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Profit

Total Business

Ratios (%)

NIM

Net NPA Ratio

65
FIs/NBFCs
India’s Top PSUs 2017

Export-Import Bank of India Dun & Bradstreet D-U-N-S® No 65-007-8355

Centre One Building, 21st Floor, World Trade Centre Complex, Cuffe Parade, Mumbai – 400005, Maharashtra
Website: www.eximbankindia.in
About the Company Financial Snapshot (` Mn)
Export-Import Bank of India (EXIM Bank) is an export finance institution set up in 1981
Parameters FY16 FY17
under the Export-Import Bank of India Act 1981 to finance, facilitate and promote India’s
international trade and investment. EXIM Bank provides financial assistance to exporters Total Income 87,810.32 N.A.
and importers through a wide range of products and services offered at all stages of
Net Profit 3,157.70 N.A.
business cycle comprising import of technology, export product development, export
production, marketing, pre-shipment, post-shipment import finance, advisory services Total Assets 1,152,177.52 N.A.
and overseas investment. The bank’s financial products portfolio includes overseas Ratios (%)
investment finance, project finance, corporate banking, lines of credit, and buyer’s credit.
Till date, the bank has provided finance aggregating ` 529 bn to 587 ventures set up by NPM 3.6 N.A.
451 companies in 78 countries. In FY17, the bank extended 15 LOCs aggregating USD 2.27 ROA 0.3 N.A.
bn to countries like Ghana, Kenya, Nepal, Tanzania and Mauritius. As on Mar 31 2017,
total loan assets of the bank stood at ` 1,026.4 bn comprising 51% of export finance. As PSU Status (As of May 2017)
on Mar 31 2017, the bank sanctioned USD 2.84 bn for 22 projects valued USD 3.07 bn. -

Housing and Urban Development

Corporation Limited Dun & Bradstreet D-U-N-S® No 65-005-8845
HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi - 110003, Delhi
Website: www.hudco.org
About the Company Financial Snapshot (` Mn)
Housing and Urban Development Corporation Ltd (HUDCO) was incorporated in 1970
Parameters FY16 FY17
under the Ministry of Housing and Poverty Alleviation of GoI to accelerate the pace of
housing and urban development in the country. HUDCO is a techno-financial institution Total Income 33,022.00 35,848.40
engaged in the financing and promotion of housing and urban infrastructure projects
Net Profit 7,837.90 8,418.10
throughout India. It provides housing loan for urban housing, staff housing, land
acquisition, community toilets, repairs & renewals amongst others. Its infrastructure Total Assets 358,781.50 393,221.50
loan portfolio includes water supply, sewerage, solid waste management, drainage and Ratios (%)
social infrastructure. Since inception, the company has financed over 17,000 housing
and infrastructure projects with total sanctions worth ` 1,618.7 bn. In FY17, HUDCO NPM 23.7 23.5
sanctioned loans of ` 318.6 bn as against ` 307.74 bn in FY16 and disbursed loans worth ROA 2.3 2.2
` 91 bn in FY17 as compared to ` 82.5 bn in FY16. In May 2017, the equity shares of
HUDCO were listed on BSE and NSE. The company sold 10.2% of its equity shareholding PSU Status (As of May 2017)
in HUDCO through an IPO. Miniratna - I

IFCI Limited Dun & Bradstreet D-U-N-S® No 65-007-6896

IFCI Tower, 61 Nehru Place, New Delhi – 110019, Delhi
Website: www.ifciltd.com
About the Company Financial Snapshot (` Mn)
IFCI Ltd (IFCI) was incorporated in 1948 in the name of The Industrial Finance Corporation
Parameters FY16 FY17
of India as the development financial institution to cater to the long-term finance needs
of the industrial sector. IFCI offers a wide range of financial products broadly segmented Total Income 38,185.90 27,397.30
into debt segment and equity segment. Under the debt segment, IFCI provides short,
Net Profit 3,374.50 (4,584.90)
medium & long-term loans for pre-operative project expenses, general corporate
purposes, project finance for new industrial/ infrastructure projects, technology up- Total Assets 368,998.20 N.A.
gradation, and infrastructure projects/ new manufacturing industries. Under equity Ratios (%)
segment, it invests in unlisted companies; in IPO, Right issue, QIP, Warrants etc as well
as in the secondary markets for listed companies. IFCI also provides corporate advisory, NPM 8.8 (16.7)
infrastructure advisory and monitoring of public issue along with acting as a nodal agency ROA 0.9 (2.5)
for Sugar Development Fund. During FY16, IFCI sanctioned and disbursed loans worth
` 108.95 bn and ` 74.88 bn respectively. In Jan 2017, the company divested its entire PSU Status (As of May 2017)
45.5% stake in Hardicon Ltd. -

68
 India’s Top PSUs 2017

India Infrastructure Finance Company

Limited Dun & Bradstreet D-U-N-S® No 65-053-5391
Hindustan Times House, 18 & 20 Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.iifcl.co.in
About the Company Financial Snapshot (` Mn)
India Infrastructure Finance Company Ltd (IIFCL) was established in Jan 2006 as a wholly
Parameters FY16 FY17
owned GoI company as a special purpose vehicle for financing viable infrastructure
projects. The company is registered as a NBFC-ND-IFC with the RBI since Sep 2013. Total Income 46,594.47 39,026.39
IIFCL is primarily engaged in offering finance/re-finance to infrastructure projects in the
Net Profit 4,684.99 685.76
country. It offers financial support to greenfield and brownfield projects in the form of
direct finance, take out finance and credit enhancement. The company is also engaged in Total Assets 422,739.88 421,565.42
offering refinance schemes for institutions such as banks and other financial institutions Ratios (%)
for financing infrastructure projects. As on Mar 31, 2016, IIFCL had three subsidiaries
and one associate company. IIFCL’s associate company Irrigation and Water Resources NPM 10.1 1.8
Finance Corporation Ltd was merged with IIFCL w.e.f. Apr 2016. As on 31 March, 2016, ROA 1.2 0.2
out of 318 net sanctioned projects under direct lending, 280 projects i.e. 88% achieved
financial closure. Under take out finance scheme, the company sanctioned ` 31.9 bn in PSU Status (As of May 2017)
seven projects during FY16. -

Indian Railway Finance Corporation

Limited Dun & Bradstreet D-U-N-S® No 91-850-5087
UG - Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodi Road, New Delhi - 110003, Delhi
Website: www.irfc.nic.in
About the Company Financial Snapshot (` Mn)
Indian Railway Finance Corporation Ltd (IRFC) was incorporated in the year 1986 as a
Parameters FY16 FY17
borrowing arm for Indian railways to meet requirement of extra budgetary resources. It
has been registered as non-deposit taking NBFC with RBI. IRFC is a financing arm of the Total Income 75,073.05 N.A.
Ministry of Railway which raise money from the market to part finance the plan outlay of
Net Profit 8,486.93 N.A.
Indian Railways. IRFC raises funds through issue of taxable and taxfree bonds, term loans
from banks and financial institutions and through offshore borrowings. IRFCs funding is Total Assets 1,084,003.88 N.A.
used for acquisition of rolling stock assets and for meeting other developmental needs of Ratios (%)
the Indian Railways. During FY16, the company funded the acquisition of 592 locomotives,
2,667 passenger coaches, and 9,756 freight wagons valued at ` 140 bn. As on Mar 31 2016, NPM 11.3 N.A.
the cumulative funding by IRFC led to acquisition of 8,390 locomotives, 45,545 passenger ROA 0.7 N.A.
coaches and 204,456 freight wagons. As on Mar 31 2016, the cumulative funding by IRFC
to the railways sector stood at ` 152 bn. PSU Status (As of May 2017)

Indian Renewable Energy

Development Agency Limited Dun & Bradstreet D-U-N-S® No 87-240-6211
India Habitat Centre, East Court, Core-4 A, 1st Floor, Lodhi Road, New Delhi - 110003, Delhi
Website: www.ireda.gov.in
About the Company Financial Snapshot (` Mn)
Indian Renewable Energy Development Agency Ltd (IREDA) is a GoI enterprise established
Parameters FY16 FY17
in 1987, under the administrative control of Ministry of New and Renewable Energy. It
has been notified as a public financial institution and registered as a NFBC with RBI. In Total Income 11,745.40 14,816.72
2015, the company has been conferred with the Mini Ratna-Category I status by GoI.
Net Profit 2,980.37 3,650.15
IREDA is engaged in promoting, developing and extending financial assistance for setting
up projects relating to new and renewable sources of energy efficiency and conservation. Total Assets 132,012.47 187,042.03
IREDA provides financial assistance to sectors including hydro power, wind power, solar Ratios (%)
energy, energy efficiency and conservation, new and emerging technologies and bio
energy. In FY16, IREDA sanctioned loans worth ` 78.1 bn supporting capacity addition NPM 25.4 24.6
of nearly 2,246.3 MW. In FY16, the company signed long term lines of credit with KfW, ROA 4.4 2.3
Germany for Euro 100 mn and with ADB for US$ 200 mn. In FY16, IREDA launched Loan
Scheme for Rooftop Solar PV Power Projects to support the industrial, commercial, PSU Status (As of May 2017)
institutional establishments proposing to install Solar Rooftop systems in their premises. Miniratna - I

69
India’s Top PSUs 2017

National Bank for Agriculture and

Rural Development Dun & Bradstreet D-U-N-S® No 65-050-8245
C-24, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra
Website: www.nabard.org
About the Company Financial Snapshot (` Mn)
National Bank for Agriculture and Rural Development (NABARD) was established in 1982
Parameters FY16 FY17
by an Act of Parliament for facilitating credit flow, institutional development and other
initiatives for promotion of agriculture and rural prosperity. NABARD operates as an Total Income 207,301.19 222,769.10
apex institution in agricultural credit and rural development and is engaged in financial
Net Profit 25,238.07 26,455.00
and infrastructure development. Under financial development, NABARD provides direct
finance and refinance facilities. Under direct finance, NABARD offers loans for food Total Assets 3,103,849.20 N.A.
parks, food processing units, warehouses, cold storage & cold chain infrastructure, rural Ratios (%)
infrastructure development and marketing federations amongst others. During FY16,
NABARD’s refinance disbursement under investment credit touched ` 480.6 bn while NPM 12.2 11.9
loans aggregating ` 13.6 bn were disbursed under Warehouse Infrastructure Fund. ROA 0.8 1.7
NABARD also sanctioned term loan of ` 4.8 bn under the Special Food Processing Fund for
11 mega food park projects and a loan amount of ` 59.2 bn under NABARD Infrastructure PSU Status (As of May 2017)
Development Assistance during FY16. -

Power Finance Corporation Limited Dun & Bradstreet D-U-N-S® No 67-563-8032

Urjanidhi, 1 Barakhamba Lane, Connaught Place, New Delhi – 110001, Delhi
Website: www.pfcindia.com
About the Company Financial Snapshot (` Mn)
Power Finance Corp. Ltd. (PFC) was established in 1986 as a public limited company by the
Parameters FY16 FY17
Government of India to finance, facilitate and promote the development of power sector
in the country. PFC works closely with government and private bodies to help implement Total Income 275,643.10 N.A.
policies and reforms in the sector. It provides a wide range of financial services including
Net Profit 61,134.80 N.A.
long-term project finance, short-term loans, buyer’s line of credit, underwriting of debt
and debt refinancing schemes as well as non-fund based assistance for various power Total Assets 2,466,367.70 N.A.
projects in generation, transmission and distribution projects as well as for renovation Ratios (%)
and modernization of projects. In addition to this, PFC also provides technical consultancy
services, and has widened its focus areas to include projects that represent forward and NPM 22.2 N.A.
backward linkages to the core power sector projects, including procurement of capital ROA 2.6 N.A.
equipment for the power sector, fuel sources for power generation projects and related
infrastructure development. In FY16, the company sanctioned loans amounting to PSU Status (As of May 2017)
` 650.4 bn to state, central, private and joint sector entities. Navratna

Rural Electrification Corporation

Limited Dun & Bradstreet D-U-N-S® No 86-220-5911
Core- 4, SCOPE Complex, Lodhi Road , New Delhi – 110003, Delhi
Website: www.recindia.nic.in
About the Company Financial Snapshot (` Mn)
Rural Electrification Corporation Ltd. (RECL) was incorporated in 1969 with a view to
Parameters FY16 FY17
finance and promote power sector projects across the country. RECL is a non-banking
financial company with ‘Infrastructure Finance Company’ status. RECL provides financial Total Income 237,562.80 240,953.50
assistance to various public and private power utilities, project developers and state
Net Profit 56,276.60 62,457.60
governments for projects in power generation, transmission, distribution, improvement
and other similar initiatives. The company also provides short- and medium-term loans Total Assets 2,063,529.70 2,092,362.40
for working-capital requirements for purchase of fuel for power plant, power, materials Ratios (%)
or minor equipments, system and network maintenance including repair of transformers,
etc. In FY16, the company sanctioned total loan assistance of ` 654.7 bn as against 614.2 NPM 23.7 25.9
bn during FY15 (excluding sanctions under DDUGJY-RE component and DDG). In Feb ROA 2.9 3.0
2017, RECL entered into MoUs with Jharkhand Bijli Vitran Nigam Ltd and Jharkhand Urja
Sancharan Nigan Ltd for extending financial assistance to the tune of ` 151.5 bn. PSU Status (As of May 2017)
Navratna

70
 India’s Top PSUs 2017

Small Industries Development Bank of

India Dun & Bradstreet D-U-N-S® No 86-218-7127
SIDBI Tower, 15, Ashok Marg, Lucknow - 226001, UP
Website: www.sidbi.in
About the Company Financial Snapshot (` Mn)
Small Industries Development Bank of India (SIDBI) was established in Apr 1990 as a
Parameters FY16 FY17
principal financial institution with the objective of promotion, financing and development
of MSME sector and to co-ordinate the functions of the institutions engaged in these Total Income 57,846.08 N.A.
activities. SIDBI supports MSMEs through range of products and services under direct
Net Profit 11,774.66 N.A.
finance facility which include financing schemes for sustainable development, growth
capital & equity assistance, receivable finance scheme and finance for upgradation Total Assets 764,784.75 N.A.
modernisation. It also provides refinance to banks or financial institutions for onward Ratios (%)
lending to MSMEs. Besides, SIDBI provides assistance under various government subsidy
schemes, TIFAC-SRIJAN scheme and loan facilitation and syndication service. In order to NPM 20.4 N.A.
promote and develop the MSME sector, the company adopts a ‘Credit+’ approach, under ROA 1.7 N.A.
which, it supports enterprise development, skill upgradation, marketing support, cluster
development, technology modernisation, etc. During FY16, SIDBI initiated setting up of ` PSU Status (As of May 2017)
100 bn ‘SIDBI make in India Soft Loan Fund’ for MSMEs. -

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios (%)
NPM
ROA
PSU Status (As of May 2017)

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17
Total Income
Net Profit
Total Assets
Ratios (%)
NPM
ROA
PSU Status (As of May 2017)

71
Insurance
India’s Top PSUs 2017

Agriculture Insurance Company of

India Limited Dun & Bradstreet D-U-N-S® No 65-004-8122
13th Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.aicofindia.com
About the Company
Financial Snapshot (` Mn)
Agriculture Insurance Company of India Ltd (AIC) was incorporated in 2002 by GoI and
commenced operation in Apr 2003 by taking over the administration and implementation Parameters FY16 FY17
of the National Agricultural Insurance Scheme from GIC. AIC is jointly promoted by GIC, Total Income 22,768.0 N.A.
NABARD, NIC, New India Assurance Company Ltd, Oriental Insurance Company and
UIIC. AIC is primarily engaged in providing crop insurance. The company also provides Net Premium
18,622.3 N.A.
insurance protection covering agriculture and allied activities. The company provides Earned
various insurance schemes to the farmers including national agriculture insurance
AUM 61,229.0 N.A.
scheme, bio-fuel tree and plant insurance, cardamom plant & yield insurance, rubber
plantation insurance, varsha bima and rainfall insurance, potato crop insurance, pulpwood Ratios (%)
tree insurance and weather insurance among others. AIC has channel partners including
corporate agents, financial institutions, Krishi Bima Sansthan and micro-insurance agents Solvency Ratio 3.3 N.A.
for marketing of products. In FY16, AIC recorded gross direct premium of ` 35.2 bn Net Premium
registering a y-o-y growth of 28.5%. 16.5 N.A.
Growth

ECGC Limited Dun & Bradstreet D-U-N-S® No 86-242-3225

Express Towers, 10th Floor, Nariman Point, Mumbai – 400021, Maharashtra
Website: www.ecgc.in
About the Company
Financial Snapshot (` Mn)
ECGC Ltd (ECGC) was registered in July 1957 as a private limited company. In 1964, the
company’s name changed to Export Credit & Guarantee Corporation Ltd and subsequently Parameters FY16 FY17
in 1983 it acquired its present name. ECGC is an export promotion organisation which Total Income 16,186.4 N.A.
provides a range of credit risk insurance covers to exporters against loss in export of
goods and services. The company also offers export credit insurance covers to banks and Net Premium
9,789.4 N.A.
financial institutions and overseas investment insurance to Indian companies that seek Earned
to invest in JV’s abroad in the form of equity or loan. Some of the credit products and
AUM 71,846.3 N.A.
policies offered by ECGC for exporters and banks include export turnover policy, software
project policy, individual packing credit, individual packing credit, export finance, line of Ratios (%)
credit cover and buyer’s credit cover amongst others. In FY16, ECGC issued and renewed
10,516 short term export credit insurance policies and covered total business worth ` Solvency Ratio 9.8 N.A.
1,358.7 bn. Net Premium
(4.0) N.A.
Growth

General Insurance Corporation of India Dun & Bradstreet D-U-N-S® No 65-073-3371

Suraksha, 170, Jamshedji Tata Road, Churchgate, Mumbai – 400020, Maharashtra
Website: www.gicofindia.com
About the Company
Financial Snapshot (` Mn)
General Insurance Corporation of India (GIC) was formed in Nov 1972 as a private
company limited by shares. In 1973, the general insurance business in India was Parameters FY16 FY17
nationalized and general insurance companies were merged to form GIC as the holding Total Income 197,187.0 N.A.
company with four subsidiaries. In 2000, GIC was notified as the Indian Reinsurer and
in 2003, GIC ceased to be a holding company of its subsidiaries. GIC was formed for the Net Premium
151,728.4 N.A.
purpose of superintending, controlling and carrying on the business of general insurance. Earned
As a reinsurer, GIC provides reinsurance to the direct general insurance companies in the
AUM 340,503.2 N.A.
Indian market. GIC in international business domain serves as a reinsurance solutions
partner for the Afro-Asian region and has also started the reinsurance programmes of Ratios (%)
several insurance companies in SAARC countries, SE Asia, ME and Africa. The corporation
has overseas offices located in Dubai, Malaysia, London and Moscow. In FY16, GIC’s net Solvency Ratio 3.5 N.A.
incurred claim ratio and solvency ratio stood at 85.02% and 3.48% respectively. During Net Premium
the year, total net premium written by GIC grew 18.2% y-o-y to ` 163.7 bn. 11.9 N.A.
Growth

74
 India’s Top PSUs 2017

Life Insurance Corporation of India Dun & Bradstreet D-U-N-S® No 65-005-6716

Yogakshema, Jeevan Bima Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.licindia.in
About the Company
Financial Snapshot (` Mn)
Life Insurance Corporation of India (LIC) was incorporated in 1956 subsequent to the
passing of the Life Insurance Corporation Act by the Parliament of India in the same year. Parameters FY16 FY17
LIC was formed with an objective of spreading life insurance widely across the country Total Income 4,242,185.1 N.A.
and particularly in the rural areas. LIC offers a wide range of insurance related products
like insurance plans, special plans pension plans, unit plans, micro insurance plans, group Net Premium
2,662,253.8 N.A.
schemes and health plans, etc. As on Mar 31, 2016, LIC offered 23 individual products, Earned
12 group products and 6 riders. As on Mar 31, 2016, LIC had 2,048 branch offices, 113
AUM 20,091,189.3 N.A.
divisional offices, 8 zonal offices, 1,401 satellite offices and 1,240 mini offices. The
corporation also has overseas operations in Mauritius, Fiji and the UK. During FY16, LIC Ratios (%)
introduced eight new products which include five individual products, two group products
and one group product ‘Pradhanmantri Jeevan Jyoti Bima Yojana’ on behalf of the GoI. It Solvency Ratio 1.6 N.A.
also introduced LIC’s Linked Accidental Death Benefit Rider during FY16. Net Premium
11.2 N.A.
Growth

National Insurance Company Limited Dun & Bradstreet D-U-N-S® No 65-028-1488

3, Middleton Street, Prafulla Chandra Sen Sarani, Kolkata - 700071, WB
Website: www.nationalinsuranceindia.nic.co.in
About the Company
Financial Snapshot (` Mn)
National Insurance Company Ltd (NIC) was incorporated in Dec 1906 to offer customized
general insurance products. NIC operates in the general insurance business which is divided Parameters FY16 FY17
into various business segments namely personal, health, motor, industrial, commercial Total Income 145,802.2 N.A.
and rural. Under personal insurance, NIC offers personal accident policy, householder’s
policy and Janata personal accident policy. Through commercial insurance, the company Net Premium
107,913.8 N.A.
offers policies for fire & special perils, shopkeepers insurance, marine insurance and Earned
credit insurance, among others. Gramin Suraksha Bima and Gramin Suswastha Bima
AUM 171,424.7 N.A.
Policy are some of the rural insurance products offered. Under health insurance, NIC
provides various Mediclaim policies such as Parivar Mediclaim Policy, Overseas Mediclaim Ratios (%)
Policy, Universal Health Insurance Policy and Varistha Mediclaim Policy, amongst others.
It also has operations in Nepal. As on Mar 31, 2016, NIC had 1995 offices spread across Solvency Ratio 1.3 N.A.
the country. During FY16, NIC introduced floater health policies namely; National Parivar Net Premium
Mediclaim & National Parivar Mediclaim Plus Policy for its retail customers. 9.0 N.A.
Growth

The New India Assurance Company

Limited Dun & Bradstreet D-U-N-S® No 67-636-6311
New India Assurance Building, 87, M.G. Road, Fort, Mumbai - 400001, Maharashtra
Website: www.newindia.co.in
About the Company
Financial Snapshot (` Mn)
The New India Assurance Company Ltd (New India Assurance) was founded in 1919
by Sir Dorabji Tata. New India Assurance started its overseas operations in 1920 and in Parameters FY16 FY17
1973 it was nationalised with the merger of various Indian companies. The company Total Income 189,688.4 N.A.
is primarily engaged in the business of general insurance. New India Assurance offers
a wide range of insurance products such as personal insurance, commercial insurance, Net Premium
149,598.3 N.A.
industrial insurance, liability insurance and social insurance. The company offers over 170 Earned
products providing insurance cover to sectors like petrochemical, oil & energy, power
AUM 261,805.5 N.A.
& steel plants, aviation fleets, infrastructures, SMEs and all forms of commercial sector.
New India Assurance also operates through many B2B avenues including bancassurance, Ratios (%)
motor vehicle manufacturers and dealers, MFI & NGOs, common service centers and
through affinity programmes with corporates & brokers. The company has a network of Solvency Ratio 2.3 N.A.
2,097 offices across India and also operates in 28 countries globally. During FY16, the Net Premium
company’s gross premium (in India) was ` 151.5 bn as against ` 132.1 bn in FY15. 12.4 N.A.
Growth

75
India’s Top PSUs 2017

The Oriental Insurance Company

Limited Dun & Bradstreet D-U-N-S® No 65-010-8491
Oriental House, A-25/27, Asaf Ali Road, New Delhi – 110002, Delhi
Website: www.orientalinsurance.org.in
About the Company
Financial Snapshot (` Mn)
The Oriental Insurance Company Ltd (Oriental Insurance) was incorporated in Sep 1947 as
a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Parameters FY16 FY17
Ltd. Between 1956 and 1973, the Company was a subsidiary of LIC and later in 2003 Total Income 91,703.8 N.A.
all shares held by the General Insurance Corporation of India got transferred to GoI.
Oriental Insurance offers a vast portfolio of insurance products such as motor insurance, Net Premium
70,239.0 N.A.
health insurance, shopkeepers & householder’s insurance, fire, marine hull, engineering, Earned
aviation, liability, agriculture and personal accident insurance, among others. The company
AUM 122,142.7 N.A.
also specializes in devising special insurance covers for large projects like power plants,
petrochemical, steel and chemical plants. It also has international presence with offices in Ratios (%)
Nepal, Kuwait and Dubai. As on Mar 31 2016, the solvency margin of the company stood
at 1.59. In FY16, Oriental Insurance recorded y-o-y growth of 13.9% and 16.5% in gross Solvency Ratio 1.6 N.A.
premium and net premium respectively. Under reinsurance operations its net to gross Net Premium
ratio increased to 87.6% in FY16 compared to 85.6% in FY15. 9.3 N.A.
Growth

United India Insurance Company

Limited Dun & Bradstreet D-U-N-S® No 65-011-7526
24, Whites Road, Chennai - 600014, TN
Website: www.uiic.co.in
About the Company
Financial Snapshot (` Mn)
United India Insurance Company Ltd (UIIC) was incorporated in 1938. Pursuant to the
nationalisation of general insurance business in India in 1972, 12 Indian Insurance Parameters FY16 FY17
companies, four Cooperative Insurance Societies and Indian operations of five Foreign Total Income 126,660.5 N.A.
Insurers, besides General Insurance operations of southern region of LIC were merged
with UIIC. The company provides insurance products spanning across the areas of marine, Net Premium
100,228.7 N.A.
industrial, motor, travel, personal accident, fire, health, liability, credit, micro and other Earned
miscellaneous insurance such as business policies, package policies and social policies
AUM 196,653.0 N.A.
among others. As on Mar 2016, the company operated through a network of 2,080
offices. In FY16, UIIC introduced four new products namely, UNI MSME Protect Insurance Ratios (%)
Policy, Shopkeepers Insurance Policy, UNI Product Liability insurance and UNI Executive
Protect - Directors and Officers. Solvency Ratio 1.9 N.A.

Net Premium
13.7 N.A.
Growth

xyz Dun & Bradstreet D-U-N-S® No 00-000-0000

xyz

About the Company

Financial Snapshot (` Mn)
xyz
Parameters FY16 FY17

Total Income

Net Premium
Earned

AUM

Ratios (%)

Solvency Ratio

Net Premium
Growth

76
 India’s Top PSUs 2017

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Premium
Earned

AUM

Ratios (%)

Solvency Ratio

Net Premium
Growth

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Premium
Earned

AUM

Ratios (%)

Solvency Ratio

Net Premium
Growth

Dun & Bradstreet D-U-N-S® No

Financial Snapshot (` Mn)

Parameters FY16 FY17

Total Income

Net Premium
Earned

AUM

Ratios (%)

Solvency Ratio

Net Premium
Growth

77
India’s Top PSUs 2017

Dun & Bradstreet D-U-N-S® No

We Work towards ….
Strengthening Power UtilitiesFinancial Snapshot (` Mn)
Parameters FY16 FY17

Total Income

Net Premium
Earned

“We shall be the ‘Total Power Services AUM

“We are committed to continuously
Company’ providing end-to-end support supplementing the efforts for(%)
Ratios Power Utilities
required for power-sector transformation in for their improved operational efficiencies.’’
Solvency Ratio
our country.”
-Dr. P.V. Ramesh, IAS Net Premium -Sh.TSC Bosh,
Chairman, RECPDCL Growth
CEO, RECPDCL

Dun & Bradstreet D-U-N-S® No

We provide services for:
Financial Snapshot (` Mn)
 Implementation & Consultation for Smart Grid Solutions
Parameters FY16 FY17

Total Income
 Implementation of Renewable Energy Projects for enhancing
Net PremiumSolar Capacity
of the States Earned

AUM

Ratios (%)
 Sustenance of IT and Technology initiatives for power utilities
Solvency Ratio

Net Premium
 Growth
PMC & TPI services in IPDS, DDUGJY and other schemes
 Real Time Monitoring through Web and Mobile Application

 AMI/AMR Based billing & Data Analytics Services Dun & Bradstreet D-U-N-S® No

 Energy Efficiency Initiatives through Services or ESCO ModelFinancial Snapshot (` Mn)

Parameters FY16 FY17

 Management Contracts/Distribution Franchisee Total Income

Net Premium
Earned

AUM

Ratios (%)

Solvency Ratio

Net Premium
Growth

78
Abbreviations
India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Agriculture Insurance Company of India Limited AIC

Air India Air Transport Services Limited AIATSL

Air India Charters Limited AICL

Air India Engineering Services Limited AIESL

Air India Limited Air India

Airline Allied Services Limited AASL

Airports Authority of India AAI

Allahabad Bank Allahabad Bank

Andhra Bank Andhra Bank

Andrew Yule & Company Limited AYCL

Antrix Corporation Limited Antrix

Artificial Limbs Manufacturing Corporation of India ALMCOI

Balmer Lawrie & Company Limited Balmer Lawrie

Bank of Baroda BoB

Bank of India BoI

Bank of Maharashtra BoM

BEL Optronic Devices Limited BELOP

BEML Limited BEML

Bharat Coking Coal Limited BCCL

Bharat Dynamics Limited BDL

Bharat Electronics Limited BEL

Bharat Heavy Electricals Limited BHEL

Bharat Immunologicals and Biologicals Corporation Limited BIBCOL

80
 India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Bharat Petroleum Corporation Limited BPCL

Bharat Sanchar Nigam Limited BSNL

Brahmaputra Valley Fertilizer Corporation Limited BVFCL

Braithwaite & Company Limited Braithwaite

The Braithwaite Burn and Jessop Construction Company Limited BBJ

Bridge & Roof Co. (India) Limited Bridge & Roof

Burn Standard Company Limited Burn Standard

Canara Bank Canara Bank

Cement Corporation of India Limited CCIL

Central Bank of India Central Bank

Central Coalfields Limited CCL

Central Electronics Limited CEL

Central Mine Planning & Design Institute Limited CMPDI

Central Warehousing Corporation CWC

Chennai Petroleum Corporation Limited CPCL

Coal India Limited CIL

Cochin Shipyard Limited CSL

CONCOR Air Limited CAL

Container Corporation of India Limited CONCOR

Corporation Bank CorpnBank

The Cotton Corporation of India Limited CCI

Dena Bank Dena Bank

Dredging Corporation of India Limited DCI

81
India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Eastern Coalfields Limited ECL

ECGC Limited ECGC

EdCIL (India) Limited EDCIL

Electronics Corporation of India Limited ECIL

Engineering Projects (India) Limited EPI

Engineers India Limited EIL

Export-Import Bank of India EXIM Bank

Ferro Scrap Nigam Limited FSNL

The Fertilizers and Chemicals Travancore Limited FACT

Food Corporation of India FCI

GAIL (India) Limited GAIL

GAIL Gas Limited GAIL Gas

Garden Reach Shipbuilders & Engineers Limited GRSE

General Insurance Corporation of India GIC

Goa Shipyard Limited GSL

The Handicrafts & Handlooms Exports Corporation of India Limited HHEC

Heavy Engineering Corporation Limited HECL

Hindustan Aeronautics Limited HAL

Hindustan Copper Limited Hindustan Copper

Hindustan Insecticides Limited HIL

Hindustan Newsprint Limited HNL

Hindustan Paper Corporation Limited HPC

Hindustan Petroleum Corporation Limited HPCL

82
 India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Hindustan Prefab Limited HPL

Hindustan Shipyard Limited HSL

Hindustan Steelworks Construction Limited Hindustan Steelworks

HLL Lifecare Limited HLL

HMT Limited HMT

Housing and Urban Development Corporation Limited HUDCO

HSCC (India) Limited HSCC

IDBI Bank Limited IDBI Bank

IFCI Limited IFCI

India Infrastructure Finance Company Limited IIFCL

India Tourism Development Corporation Limited ITDC

India Trade Promotion Organisation ITPO

Indian Bank Indian Bank

Indian Oil Corporation Limited IOCL

Indian Overseas Bank IOB

Indian Railway Catering & Tourism Corporation Limited IRCTC

Indian Railway Finance Corporation Limited IRFC

Indian Rare Earths Limited IREL

Indian Renewable Energy Development Agency Limited IREDA

Instrumentation Limited IL

Ircon International Limited IRCON

Kamarajar Port Limited KPL

Kanti Bijlee Utpadan Nigam Limited KBUNL

83
India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Karnataka Antibiotics & Pharmaceuticals Limited KAPL

KIOCL Limited KIOCL

Konkan Railway Corporation Limited KRCL

Life Insurance Corporation of India LIC

Mahanadi Coalfields Limited MCL

Mahanagar Telephone Nigam Limited MTNL

Mangalore Refinery and Petrochemicals Limited MRPL

Mazagon Dock Shipbuilders Limited MDSL

MECON Limited MECON

Mineral Exploration Corporation Limited MECL

Mishra Dhatu Nigam Limited MIDHANI

MMTC Limited MMTC

MOIL Limited MOIL

MSTC Limited MSTC

National Aluminium Company Limited Nalco

National Bank for Agriculture and Rural Development NABARD

National Fertilizers Limited NFL

National Handloom Development Corporation Limited National Handloom

National Informatics Centre Services Incorporated NICSI

National Insurance Company Limited NIC

National Projects Construction Corporation Limited NPCC

National Seeds Corporation Limited NSC

The National Small Industries Corporation Limited NSIC

84
 India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

National Textile Corporation Limited NTC

NBCC (India) Limited NBCC

The New India Assurance Company Limited New India Assurance

NHDC Limited NHDC

NHPC Limited NHPC

NLC India Limited NLC

NLC Tamilnadu Power Limited NTPL

NMDC Limited NMDC

North Eastern Electric Power Corporation Limited NEEPCO

Northern Coalfields Limited NCL

NTPC Limited NTPC

NTPC Vidyut Vyapar Nigam Limited NVVN

Nuclear Power Corporation of India Limited NPCIL

Numaligarh Refinery Limited NRL

Oil and Natural Gas Corporation Limited ONGC

Oil India Limited OIL

ONGC Videsh Limited OVL

Oriental Bank of Commerce OBC

The Oriental Insurance Company Limited Oriental Insurance

Pawan Hans Limited Pawan Hans

PEC Limited PEC

Power Finance Corporation Limited PFC

Power Grid Corporation of India Limited POWERGRID

85
India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

Power System Operation Corporation Limited POSOCO

Punjab & Sind Bank P&SB

Punjab National Bank PNB

Rail Vikas Nigam Limited RVNL

RailTel Corporation of India Limited RailTel

Rajasthan Electronics & Instruments Limited REIL

Rashtriya Chemicals and Fertilizers Limited RCF

Rashtriya Ispat Nigam Limited RINL

REC Power Distribution Company Limited RECPDCL

RITES Limited RITES

Rural Electrification Corporation Limited RECL

Sail Refractory Company Limited SRCL

Scooters India Limited SIL

Security Printing and Minting Corporation of India Limited SPMCIL

The Shipping Corporation of India Limited SCI

SJVN Limited SJVN

Small Industries Development Bank of India SIDBI

South Eastern Coalfields Limited SECL

State Bank of India SBI

The State Trading Corporation of India Limited STC

Steel Authority of India Limited SAIL

Syndicate Bank Syndicate

Telecommunications Consultants India Limited TCIL

86
 India’s Top PSUs 2017

COMPANY ABBREVIATIONS

COMPANY NAME ABBREVIATION

THDC India Limited THDCIL

UCO Bank UCO

Union Bank of India Union Bank

United Bank of India United Bank

United India Insurance Company Limited UIIC

Uranium Corporation of India Limited UCIL

Vijaya Bank Vijaya Bank

WAPCOS Limited WAPCOS

Western Coalfields Limited WCL

87
India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

2G Second Generation

3G Third Generation

ACCS Advanced Composite Communication System

AI Air India

AP Andhra Pradesh

APY Atal Pension Yojana

ASWC Anti-Submarine Warfare Corvette

ATM automated teller machine

AUD Australian Dollar

BCs Business Correspondents

BFSI Banking, Financial services and Insurance

bn Billion

BNA Bulk Note Acceptors

BPO Business Process Outsourcing

BRPSE Board for Reconstruction of Public Sector Enterprises

BSE Bombay Stock Exchange

BSEB Bihar State Electricity Board

BSF Border Security Force

CAR Capital Adequacy Ratio

CBDT Central Board Of Direct Taxes

CBM coal bed methane

CDM Clean Development Mechanism

CGD City Gas Distribution

88
 India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

CIS Commonwealth of Independent States

CNG Compressed natural gas

Co. Company

CPSE Central Public Sector Enterprise

CRAR Capital to Risk (Weighted) Assets Ratio

CSC Common Services Centres

CSR Corporate Social Responsibility

CTF Corporate Banking, Trade Finance

CV Commercial Vehicle

DAE Department of Atomic Energy

Dept Department

DNA Deoxyribonucleic acid

DRDO Defence Research and Development Organization

DTH Direct to Home

E&P Exploration and Production

EHV Extra High Voltage

e-lobby Electronic Lobby

EMD Electrolytic Manganese Dioxide

EMD Electro-Motive Diesel

EPC Engineering Procurement and Construction

e-tax Electronic Tax

e-Trade Electronic Trade

EXIM Export Import

89
India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

FCIL Fertilizer Corporation of India Limited

FCNR Foreign Currency Non Resident

FEDO FACT Engineering & Design Organisation

FI Financial Institution

FKCC Federal Kisan Credit Card

FTTH Fiber to the home

FY Financial Year

GA Goa

GoI. Government of India

GSLV Geosynchronous Satellite Launch Vehicle

GSM grams per square meter

HNI High Networth Individuals

IEX India Energy Exchange

IFSC Indian Financial System Code

IMS Information Management System

IMTF Instant Money Transfer Facility

INSAT Indian National Satellite System

IP Internet Protocol

IPG Internet Payment Gateway

IPO Initial Public Offer

IPTV Internet Protocol television

ISP Indira Sagar Project

ISRO Indian Space Research Organisation

90
 India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

IT Information Technology

IT & ITeS Information Technology and Information Technology Enabled Services

J&K Jammu & Kashmir

JV Joint Venture

KGF Kolar Gold Fields

KL Kilogram

KSE Kanpur Stock Exchange

kW Kilowatt

LBMA’s London Bullion Market Association

LC Letter of Credit

LD Lethal dose

LDO Light Diesel Oil

LIC Life Insurance Corporation

LNG Liquefied natural gas

LPG Liquefied petroleum gas

LT Long Ton

Ltd Limited

LVDT Linear Variable Differential Transformer

M&A Merger & Acquisition

MF Mutual Fund

MFI Micro Financial Institutionals

MIAL Mumbai International Airport Limited

MMSCM Million Metric Standard Cubic Meters.

91
India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

MMSCMD Million Metric Standard Cubic Meter Per Day

MMT Million Metric Tons

MMTPA Million Metric Tonnes Per Annum

MNC Multi National Company

MOT Ministry of Textile

MoU Memorandum of Understanding

MP Madhya Pradesh

MPLS Multiprotocol Label Switching

MSC Mediterranean Shipping Company

MSE Micro and Small Enterprises

MSMEs Micro, Small and Medium Enterprises

MSOs multiple-system operator

MSP Minimum Support Price

MT Metric Tons

MTPA Metric tonnes per annum

MVA Mega Volt Amp

MW Megawatt

NBFC Non-Banking Financial Company

NEFT National Electronic Funds Transfer

NFS National Financial Switch

NGN Next Generation Products

NGO Non Government Organization

NHAI National Highways Authority of India

92
 India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

NTC National Textiles Corporation

NLDC National Load Despatch Centre

NLW Non Linked Washery

NOPV Naval Offshore Patrol Vessel

NRE Non-Resident External

NRI Non Resident Indian

NRO Non-Residential Ordinary

NSE National Stock Exchange

NSU Navigation Sensor Unit

OPV Offshore Patrol Vessel

OSP Omkareshwar Project

PAN Presence Across Nation

PCMM People Capability Maturity Model

PCO Public Call Office

PIO Persons of Indian Origin

PIS Portfolio Investment Scheme

PLF Plant Load Factor

PMC Project Management Consultancy

PMJBY Pradhan Mantri Jeevanjyoti Bima Yojana

PMSBY Pradhan Mantri Suraksha Bima Yojana

PNG Piedmont Natural Gas

PNGRB Petroleum and Natural Gas Regulatory Board

PSLV Polar Satellite Launch Vehicle

93
India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

PSP Pathani Samanta Planetorium

PSU Public Sector Undertaking

PSV Platform Supply Vessel

Pvt Private

QIP Quality Innovation Performance

QRSAM Quick Reaction Surface to Air Missile

R&D Research & Development

R&M Renovating and Modernizing

RFC Request for Comments

RGGVY Rajiv Gandhi Grameen Vidyutikaran Yojana

RLDCs Regional Load Despatch Centres

RLNG Re-Gasified Liquefied Natural Gas

ROW Right of Way

RTGS Real Time Gross Settlement

SAARC South Asian Association for Regional Cooperation

SCB Scheduled Commercial Bank

SECI Solar Energy Corporation of India

SHG Self - Help Group

SKDRDP Shri Kshetra Dharmasthala Rural Development Project

SME Small & Medium Enterprises

SMS Short Message Service

SPV Special Purpose Entity

SSBA Social Bond and Sustainability Bond Appendix

94
 India’s Top PSUs 2017

ABBREVIATIONS

ABBREVIATION TERM

STOA Short Term Open Access

TEFR Techno Economic Feasibility Report

TEU Twenty Foot Equivalent Unit

TF Trade Finance

TMT Tousand Metric Tons

TN Tamil Nadu

TSHD Trailer Suction Hopper Dredgers

UAE United Arab Emirates

UK United Kingdom

ULD Unit load device

UP Uttar Pradesh

US United States

USB Ultra Small Branches

USBRL Udhampur-Srinagar-Baramulla Rail Link

UTL Under The Lights

VOIP Voice over IP

VPN Virtual Private Networks

VSAT Very Small Aperture Terminal

WB West Bengal

WIMAX Worldwide Interoperability for Microwave Access

WLL Wireless Local Loop

y-o-y Year-on-Year

95
India’s Top PSUs 2017

96
 India’s Top PSUs 2017

INDEX

Index
A BEML Limited.......................................................................................... 5

Bharat Coking Coal Limited..................................................................... 6

Agriculture Insurance Company of India Limited.................................. 74

Bharat Dynamics Limited......................................................................... 6

Air India Air Transport Services Limited.................................................. 2

Bharat Electronics Limited....................................................................... 6

Air India Charters Limited........................................................................ 2

Bharat Heavy Electricals Limited............................................................. 7

Air India Engineering Services Limited.................................................... 2

Bharat Immunologicals and Biologicals Corporation Limited.................. 7

Air India Limited...................................................................................... 3

Bharat Petroleum Corporation Limited................................................... 7

Airline Allied Services Limited................................................................. 3

Bharat Sanchar Nigam Limited................................................................ 8

Airports Authority of India...................................................................... 3

Brahmaputra Valley Fertilizer Corporation Limited................................. 8

Allahabad Bank...................................................................................... 58

Andhra Bank.......................................................................................... 58 Braithwaite & Company Limited............................................................. 8

Andrew Yule & Company Limited............................................................ 4 The Braithwaite Burn and Jessop Construction Company Limited.......... 9

Antrix Corporation Limited...................................................................... 4 Bridge & Roof Co. (India) Limited............................................................ 9

Artificial Limbs Manufacturing Corporation of India............................... 4 Burn Standard Company Limited............................................................. 9

B C
Balmer Lawrie & Company Limited......................................................... 5 Canara Bank.......................................................................................... 59

Bank of Baroda...................................................................................... 58 Cement Corporation of India Limited.................................................... 10

Bank of India.......................................................................................... 59 Central Bank of India............................................................................. 60

Bank of Maharashtra............................................................................. 59 Central Coalfields Limited...................................................................... 10

BEL Optronic Devices Limited.................................................................. 5 Central Electronics Limited.................................................................... 10

97
India’s Top PSUs 2017

Central Mine Planning & Design Institute Limited................................ 11 The Fertilizers and Chemicals Travancore Limited................................. 16

Central Warehousing Corporation......................................................... 11 Food Corporation of India..................................................................... 16

Chennai Petroleum Corporation Limited............................................... 11

G
Coal India Limited.................................................................................. 12
GAIL (India) Limited.......................................................................... 17

Cochin Shipyard Limited........................................................................ 12

GAIL Gas Limited................................................................................... 18

CONCOR Air Limited.............................................................................. 12

Garden Reach Shipbuilders & Engineers Limited.................................. 18

Container Corporation of India Limited................................................. 13 General Insurance Corporation of India................................................ 74

Corporation Bank.................................................................................. 60 Goa Shipyard Limited............................................................................ 18

The Cotton Corporation of India Limited............................................... 13

H
D The Handicrafts & Handlooms Exports Corporation of India Limited... 19

Dena Bank............................................................................................. 60 Heavy Engineering Corporation Limited................................................ 19

Dredging Corporation of India Limited.................................................. 13 Hindustan Aeronautics Limited............................................................. 19

Hindustan Copper Limited..................................................................... 20

E
Hindustan Insecticides Limited.............................................................. 20
Eastern Coalfields Limited..................................................................... 14
Hindustan Newsprint Limited................................................................ 20
ECGC Limited......................................................................................... 74
Hindustan Paper Corporation Limited................................................... 21
EdCIL (India) Limited.............................................................................. 14
Hindustan Petroleum Corporation Limited........................................... 21
Electronics Corporation of India Limited............................................... 14
Hindustan Prefab Limited...................................................................... 21
Engineering Projects (India) Limited..................................................... 15
Hindustan Shipyard Limited.................................................................. 22

Engineers India Limited......................................................................... 15

Hindustan Steelworks Construction Limited......................................... 22

Export-Import Bank of India ................................................................. 68

HLL Lifecare Limited.............................................................................. 22

F HMT Limited.......................................................................................... 23

Ferro Scrap Nigam Limited.................................................................... 15 Housing and Urban Development Corporation Limited........................ 68

98
 India’s Top PSUs 2017

HSCC (India) Limited.............................................................................. 23

L
I Life Insurance Corporation of India....................................................... 75

IDBI Bank Limited.................................................................................. 61

M
IFCI Limited............................................................................................ 68
Mahanadi Coalfields Limited............................................................ 31

India Infrastructure Finance Company Limited..................................... 69

Mahanagar Telephone Nigam Limited.................................................. 32

India Tourism Development Corporation Limited................................. 23

Mangalore Refinery and Petrochemicals Limited.................................. 32

India Trade Promotion Organisation..................................................... 24

Mazagon Dock Shipbuilders Limited..................................................... 32

Indian Bank............................................................................................ 61
MECON Limited..................................................................................... 33

Indian Oil Corporation Limited.......................................................... 25

Mineral Exploration Corporation Limited.............................................. 33

Indian Overseas Bank............................................................................ 61

Mishra Dhatu Nigam Limited................................................................. 33

Indian Railway Catering & Tourism Corporation Limited................... 26 MMTC Limited....................................................................................... 34

Indian Railway Finance Corporation Limited......................................... 69 MOIL Limited......................................................................................... 34

Indian Rare Earths Limited.................................................................... 27 MSTC Limited........................................................................................ 34

Indian Renewable Energy Development Agency Limited...................... 69

N
Instrumentation Limited........................................................................ 27
National Aluminium Company Limited................................................. 35

Ircon International Limited............................................................... 28

National Bank for Agriculture and Rural Development......................... 70

K National Fertilizers Limited.................................................................... 35

Kamarajar Port Limited.......................................................................... 29 National Handloom Development Corporation Limited........................ 35

Kanti Bijlee Utpadan Nigam Limited...................................................... 29 National Informatics Centre Services Incorporated.............................. 36

Karnataka Antibiotics & Pharmaceuticals Limited................................. 29 National Insurance Company Limited................................................... 75

KIOCL Limited........................................................................................ 30 National Projects Construction Corporation Limited............................ 36

Konkan Railway Corporation Limited.................................................... 30 National Seeds Corporation Limited...................................................... 36

99
India’s Top PSUs 2017

The National Small Industries Corporation Limited...................... 38-39 PEC Limited............................................................................................ 45

National Textile Corporation Limited..................................................... 40 Power Finance Corporation Limited...................................................... 70

NBCC (India) Limited............................................................................. 40 Power Grid Corporation of India Limited.............................................. 46

The New India Assurance Company Limited......................................... 75 Power System Operation Corporation Limited...................................... 46

NHDC Limited........................................................................................ 40 Punjab & Sind Bank............................................................................... 62

NHPC Limited........................................................................................ 41 Punjab National Bank............................................................................ 62

NLC India Limited.................................................................................. 41

R
NLC Tamilnadu Power Limited............................................................... 41
Rail Vikas Nigam Limited....................................................................... 46

NMDC Limited....................................................................................... 42
RailTel Corporation of India Limited...................................................... 47

North Eastern Electric Power Corporation Limited............................... 42

Rajasthan Electronics & Instruments Limited........................................ 47

Northern Coalfields Limited.................................................................. 42

Rashtriya Chemicals and Fertilizers Limited................................. 48-49

NTPC Limited......................................................................................... 43
Rashtriya Ispat Nigam Limited............................................................... 50

NTPC Vidyut Vyapar Nigam Limited...................................................... 43

REC Power Distribution Company Limited............................................ 50

Nuclear Power Corporation of India Limited......................................... 43

RITES Limited......................................................................................... 50

Numaligarh Refinery Limited................................................................. 44

Rural Electrification Corporation Limited.............................................. 70

O S
Oil and Natural Gas Corporation Limited.............................................. 44
SAIL Refractory Company Limited......................................................... 51

Oil India Limited.................................................................................... 44

Scooters India Limited........................................................................... 51

ONGC Videsh Limited............................................................................ 45

Security Printing and Minting Corporation of India Limited.................. 51

Oriental Bank of Commerce.................................................................. 62

The Shipping Corporation of India Limited............................................ 52

The Oriental Insurance Company Limited............................................. 76

SJVN Limited.......................................................................................... 52

P Small Industries Development Bank of India......................................... 71

Pawan Hans Limited.............................................................................. 45 South Eastern Coalfields Limited........................................................... 52

100
 India’s Top PSUs 2017

State Bank of India................................................................................ 63

The State Trading Corporation of India Limited..................................... 53

Steel Authority of India Limited............................................................ 53

Syndicate Bank...................................................................................... 63

T
Telecommunications Consultants India Limited.................................... 53

THDC India Limited................................................................................ 54

U
UCO Bank.............................................................................................. 63

Union Bank of India .............................................................................. 64

United Bank of India.............................................................................. 64

United India Insurance Company Limited............................................. 76

Uranium Corporation of India Limited.................................................. 54

V
Vijaya Bank............................................................................................ 64

W
WAPCOS Limited................................................................................... 54

Western Coalfields Limited.................................................................... 55

Note: Companies marked in bold are Advertorials

101
India’s Top PSUs 2017

102
India’s Top PSUs 2017

103
Notes