In a mixed economy like India, it is very essential that public and private sectors are equally potent in rendering products and services in the country, thus thrusting the nation’s economy. Especially state-owned companies enjoy security and assistance by the Government and play a very important role in shaping the economy. They are capable of raising capital through sale of their securities. It is notable that the ownership of these companies are dispersed among the general public, whose shares are freely traded on a stock exchange. Here is the list of top 10 largest public sector companies in India 2019 that have been rendering great service and products and are also contributing to the nation’s economy by larger profits and revenues:
10. POWER FINANCE CORPORATION (PFC):
Power Finance Corporation (PFC) was found in 1986. This company provides financial support to power projects and other infrastructural projects. It has won CBIP Award for Best power financing company and provides financial assistance for various organizations such as State Electricity Boards, Private and Central Power Companies. It has market capitalization of Rs 20,988 crores and enjoys a status of being a Navratna Company as ranked by the Government of India.
9. NMDC LIMITED:
National Mineral Development Corporation Limited was started in 1958 and is headquartered at Hyderabad. This State-owned enterprise has received Navratna status for Public Sector Company. It operates 4 mines in the country which are involved in the exploration of diamond, tungsten, phosphate, graphite, dolomite, iron ore and other various minerals and ores and is the leading producer of iron ore in the country. Employing more than 5,000 people, it has marked a market capitalization of Rs 31,856 crores.
8. BHARAT HEAVY ELECTRICALS LIMITED:
Bharat Heavy Electricals Limited is involved in manufacturing of electrical and industrial equipment was incorporated in the year 1964.Transformers, Steam turbines, Transmission systems, sensor systems, generators, Switch gears, boilers are some of the products of this company. BHEL runs 15 manufacturing and repair units in India and have been exporting products to more than 20 countries in the world. Its market capitalization is about Rs 36,056 crores and has received the prestigious Maharatna status by the Government of India for its excellence in service.
7. GAIL (INDIA) LIMITED:
Gas Authority of India Limited, a state-owned enterprise was founded in the year 1984. This Energy and Petrochemical Company is the leading producer and distributor of natural gas with the long network of pipelines of more than 10,000 kilometers in India. It is headquartered in New Delhi. It employs about 4,000 people and has recorded a market capitalization is Rs 46,610 crores.
6. BHARAT PETROLEUM CORPORATION LIMITED (BPCL):
Found in 1952, currently Bharat Petroleum Corporation Limited (BPCL) is one of the fastest growing public sector companies in the country. BPCL are the leading producers of oil and gas in the country and is headquartered in Mumbai. Its market capitalization is Rs 63,880 crore and is estimated to have recorded an annual revenue of about Rs. 240,367 for the year 2015.
5. POWER GRID CORPORATION OF INDIA LIMITED (PGCIL):
Power Grid Corporation of India Limited (PGCIL) has received Navratna status by the Government of India. This company was found in the year 1989 and transmits about 50% of the total power generated in the country on its network of more than 1.16 lakh circuit kilometers of transmission lines. It is headquartered in Gurgaon and operates with about 190 substations. Its overseas operations are in more than 15 countries of Asia and Africa including countries like Bhutan, Myanmar, Sri Lanka, Nepal and UAE. It employs about 10,000 people and its market capitalization is about Rs 69,684 crores.
4. INDIAN OIL CORPORATION LIMITED:
Indian Oil Corporation Limited (IOCL) is among the leading oil and gas companies in India and has marked its presence in the Fortune 500 Global Companies list. It was started in the year 1959 and is headquartered in Delhi. IOCL operates with 10 refineries in the country has combined refining capacity of 60 million metric tons per year. Petrol, Diesel, Kerosene and Crude oil are some of the products of IOCL. It employs about 34,959 people and has collected a revenue of about Rs. 4.45526 trillion for the year 2015. It also has subsidiaries in various other nations in Asia and Africa including Mauritius, Sri Lanka, and the UAE and has market capitalization of Rs 98,635 crores.
3. NTPC LIMITED:
NTPC LIMITED is another yet another company with Maharatna status. It was started in 1975 is one of the fastest growing companies in India which is involved in generation of electricity. NTPC Limited has employed more than 24,000 people and has been awarded for excellence in generation of electricity in the country. It is headquartered in New Delhi and has more than 20 power plants in different parts of the country. It has market capitalization of Rs. 1, 13,746 crores and has attained a net income of Rs. 13,834 crores for the year 2013-14.
2. ONGC LIMITED:
Oil and Natural Gas Corporation is involved in the exploration and production of oil gas in the country. It was found in the year 1956 and is headquartered at Tel Bhavan, Dehradun, Uttar Pradesh. It accounts for major share of oil and gas production in the country with about 77% of crude oil and 62% of natural gas. It also helps in contributing towards fields like Healthcare, Water management, Environmental protection etc., hence involved in performing corporate social responsibility. It comprises of a work force of 30,000 people and operates in more than 10 countries through its subsidiaries. Its market capitalisation is Rs 1,85,183 crore and ranked 17th among the Top 250 Global Energy Companies in the world.
1. COAL INDIA LIMITED:
Headquartered in Kolkata, Coal India Limited was found in the year 1975 and produces more than 80% of coal in the country. It has been awarded with multiple awards and accolades. It has more than 400 coal mines located in different parts of the country. Northern CoalFields Limited, Western CoalFields Limited, Central CoalFields Limited are some of its subsidiaries. This state owned enterprise employs more than 3.5 lakh people. Its market capitalisation is Rs 1, 89,459 crores and has gained a profit of about Rs 137.27 billion in the year 2014-15.
All these figures show how important are these public sector companies to India’s economy. They provide major services and gather a huge fund for the government. India’s economy is powered by these companies and also a lot other companies bring a lot of revenue to the country’s treasure. Stay in touch with the site as be rest assured that this site serves the best ingredients that are trending and popular around the world.