What is the Salary of Toppers in PSU After Passing GATE Exam 2022?
In this blog we will talk about what is the salary of toppers in PSU after passing the GATE exam. And we will also see what salary is available in which department. And what are the departments and you will be surprised to know that the salary of a software engineer is available in PSU.
And it depends which are the PSUs and we will also know how much salary is available in which PSU, through this blog you will also be able to know that how many PSUs are there in India.
What is PSU?
Government owned corporations are called Public Sector Undertakings (PSUs) in India. In PSU majority (51% or more) the paid-up share capital is held by the Central Government or any State Government or partly by the Central Government and partly by one or more State Governments.
Many Public Sector Undertakings (PSUs) under the aegis of Government of India regularly provide tremendous employment opportunities in various technical and management sectors.
How many PSUs are there in India?
1-Maharatna:– Maharatna is the status given to top public sector enterprises, where companies have the right to make foreign investment up to Rs 5,000 crore without any government approval. To qualify as a Maharatna, a company must have an annual net profit of more than Rs. 5,000 crore, net worth Rs. 15,000 crore and turnover of Rs. 25,000 crore in the last three years.
The companies currently having Maharatna status are: BHEL, BPCL, CIL, GAIL, HPCL, IOCL, NTPC, ONGC, PGCIL and SAIL.
2-Navratna:– Navratna status is given to companies by the Department of Public Enterprises. To qualify as a Navratna, a company must obtain a score of 60 out of 100. The score is based on six parameters which include Net Profit to Net Worth, Total Manpower Cost to Cost of Production or Cost of Services, PBDIT (Profit). for capital employed, before depreciation, interest and taxes), PBDIT for turnover, EPS (earnings per share) and inter-sectoral performance. Additionally, a company must first be a Miniratna and have four independent directors on its board before it can be made a Navratna.
Navratna status gives the privilege to enhance financial and operational autonomy and entitles to invest up to Rs. 1000 crores or 15% of their total assets on a single project without the approval of the government. These companies can spend up to 30 per cent of their total assets in a year, which does not exceed Rs. 1000 crores. They will also have the freedom to enter into joint ventures, form alliances and form subsidiaries overseas.
How many PSUs are there in India?
| Catagory | Number Of PSUs |
| Maharatna | 11 |
| Navratna | 13 |
| Miniratna Catagory- | | 61 |
| Miniratna Catagory- || | 12 |
What is the salary structure of Public Sector Undertakings?
| Organization | Status | Salary Structure |
| Oil & Natural Gas Corporation Limited (ONGC) | Maharatna | Rs. 60,000-1,80,000 |
| Indian Oil Corporation Limited (IOCL) | Maharatna | Rs. 60,000-1,80,000 |
| National Thermal Power Corporation Limited (NTPC) | Maharatna | Rs. 60,000-1,80,000 |
| Coal India Limited (CIL) | Maharatna | Rs. 60,000-1,80,000 |
| Steel Authority of India (SAIL) | Maharatna | Rs. 60,000-1,80,000 |
| Bharat Petroleum Corporation Limited (BPCL) | Maharatna | Rs. 60,000-1,80,000 |
| Gas Authority of India Limited (GAIL) | Maharatna | Rs. 60,000-1,80,000 |
| Neyveli Lignite Corporation Limited(NLC) | Navratna | Rs.20600-3%-46500 |
| Hindustan Petroleum Corporation Limited (HPCL) | Navratna | Rs. 60,000-1,80,000 |
| Oil India Limited (OIL) | Navratna | Rs. 60,000-1,80,000 |
| Power Grid Corporation of India Limited (PGCIL) | Navratna | Rs. 60,000-1,80,000 |
| Hindustan Aeronautics Limited (HAL) | Navratna | Rs.16,400-Rs. 40,500 |
| National Mineral Development Corporation Limited (NMDC) | Navratna | Rs. 40000-3%-140000 |
| Power Finance Corporation Limited | Navratna | Rs. 40,000-3%-1,40,000 |
| National Aluminum Company Limited (NALCO) | Navratna | Rs. 60,000-1,80,000 |
| Mazagaon Docks Limited (MDL) | Mini-Ratna | Rs. 40,000-1,40,000 |
| Airport Authority Of India Limited (AAI) | Mini-Ratna | Manager:Rs.60,000-1,80,000
Junior Executive: Rs. 40,000-1,40,000 |
| Nuclear Power Corporation of India Limited (NPCIL) | Mini-Ratna | Level 10 of the Pay Matrix
– 7th CPC (Rs.56,100/-) |
| Mineral Exploration Corporation Limited | Mini-Ratna | Rs. 60,000-1,80,000 |
What is the age criteria for PSU?
| Organization | Age Criteria | |||
| PSU Name | GEN | OBC | SC/ST | PH |
| Bridge & Roof co. (I) Ltd | 24 years | 24-27 years | 29 years | 29 years-General 32 years-OBC 34 years- SC/ST |
| BHEL | 27 years | 27-30 years | 32 years | 32 years-General 35 years-OBC 37 years- SC/ST |
| ONGC | 30 years | 30-33 years | 35 years | 35 years-General 38 years-OBC 40 years- SC/ST |
| NTPC | 27 years | 27-30 years | 32 years | 32 years-General 35 years-OBC 37 years-SC/ST |
| SAIL | 30 years | 30-33 years | 35 years | 35 years-General 38 years-OBC 40 years- SC/ST |
| IOCL | 26 years | 26-29 years | 31 years | 31 years-General 34 years-OBC 36 years- SC/ST |
| ISRO | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| PGCIL | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| HAL | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| NALCO | 30 years | 30-33 years | 35 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| GAIL | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| DRDO | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| DMRC | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| GAIL | 26 years | 26-29 years | 31 years | 31 years-General 34 years-OBC 36 years- SC/ST |
| BPCL | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| MTNL | 30 years | 30-33 years | 35 years | 35 years-General 38 years-OBC 40 years- SC/ST |
| HPCL | 25 years | 25-28 years | 30 years | 30 years-General 33 years-OBC 35 years- SC/ST |
| BEL | 25 years | 25-28 years | 30 years | 30 years-General 33 years-OBC 35 years- SC/ST |
| BARC | 28 years | 28-31 years | 33 years | 33 years-General 36 years-OBC 38 years- SC/ST |
| Indian Railways | 22 to 35 age Group | 22 to 35 age group + relaxable upto 3 years | 22 to 35 age group +relaxable by 5 years | 22 to 35 age group + 5 years-General 8 years-OBC 10 years- SC/ST |
| VIZAG STEEL | 25 years | 25-28 years | 30 years | 30 years-General 33 years-OBC 35 years- SC/ST |
| NHPC | 30 years | 30-33 years | 35 years | 35 years-General 38 years-OBC 40 years- SC/ST |
| BSNL | 30 years | 30-33 years | 35 years | 35 years-General 38 years-OBC 40 years- SC/ST |
| PRASAR BHARATI | 27 years | 27-30 years | 32 years | 32 years-General 35 years-OBC 37 years-SC/ST |
What is the percentage criteria of Public Sector Undertakings?
| Organization | Streams Applicable | Percentage | |||
| GEN | OBC | SC/ST | PH | ||
| BHEL | EC, EE, ME, MT | 60 | 60 | 60 | 60 |
| ONGC | ECE, EE, ME, CE, CS, IN, CH, | 60 | 60 | 60 | 60 |
| NTPC | EC, EE, ME, EC, CS, IN | 65 | 65 | 55 | 55 |
| SAIL | EC ,EE,ME,CS, IN, CH, Metallurgy, Ceramics | 65 | 65 | 55 | 55 |
| IOCL | EC, EE, ME, CE, CS, IN | 65 | 65 | 55 | 55 |
| ISRO | EC, EE, ME, CS | 65 | 65 | 65 | 65 |
| PGCIL | EC, EE, ME, Industrial, Production CS, IN , EE, ME, CS, IT, C&I, | 65 | 65 | pass | pass |
| NALCO | EE, ME, CS, IT, C&I, Civil, Chemical, Metallurgy, Mining, | 65 | 65 | 55 | 55 |
| GAIL | EC, EE, ME, CS, IN, CH | 65 | 65 | 60 | 60 |
| DRDO | EC, ME, EE, CS, CH | 60 | 60 | 55 | 55 |
| DMRC | EC, EE, ME, CE | 60 | 60 | 55 | 55 |
| BPCL | ME, CS, IN | 60 | 60 | 55 | 55 |
| MTNL | EC, EE, CS, IT | 60 | 60 | 55 | 55 |
| HPCL | EC, EE, ME, CE, IN, CH | 60 | 60 | 50 | 50 |
| BEL | EC, EE, ME, CE, CS, CH, Telecommunication | 60 | 60 | pass | pass |
| Indian Railways | EC, EE, ME, CE | pass | pass | pass | pass |
| ECIL | EC, EE, ME, CE, CS, E&I | 65 | 65 | 55 | 55 |
| VIZAG STEEL | EC, EE, ME, CE, CH, IN, Ceramics, | 60 | 60 | 50 | 50 |
| NHPC | EE, ME, CE | 60 | 60 | 50 | 50 |
| SJVNL | EC, EE, ME, Civil, IT | 55 | 50 | 50 | 50 |
| BSNL | Telecommunication, EC, Radio, CS, EE, IT, CE | 60 | 60 | 55 | 55 |
| BHARATI PRASAR | EC, EE, IT | pass | pass | pass | pass |