PSU stands for Public Sector Undertakings are the government-owned corporations in India with 51% or more than 51% of the paid-up share capital is owned by the government of India.
PSUs recruit a large number of candidates every year through GATE Exam and this number is increasing as more and more PSUs are joining this league.
Public Sector undertakings can be classified into three following categories 1. Central public-sector Enterprises. 2. Public Sector banks. 3. State Level Public Enterprises.
The industries that are reserved in the public sector companies include atomic energy, minerals enlisted under schedule of atomic energy, and railway operations.
PSU Reserved Companies
Public sector companies prove to be beneficial for the society in terms of employablity, Economic development, Serving the society.