Public Sector enterprises have been the backbone ever since the Indian industrial sector has started. These companies have a strong backing of the Government of India, and are spread across various sectors like electricity, coal, oil & gas, power etc. Some of the top Indian PSU companies include names like Indian Oil, ONGC, NTPC, BPCL etc. Here is the list of the top 10 PSU (Public Sector) companies in India 2017 as per Market Cap, Net Income and Net Profit.
Quick Glance at Top PSU Companies India 2017
1st place: Indian Oil
2nd place: ONGC
3rd place: NTPC
4th place: BPCL
5th place: Coal India
6th place: Gas Authority of India
7th place: Power Grid Corporation
8th place: HPCL
9th place: Power Finance Corporation
10th place: BHEL
For more details about rankings and parameters, read on.
PSU India 2017 Ranking with Parameters (Market Cap, Net Income & Profit):
10. Bharat Heavy Electricals Limited
Bharat Heavy Electricals was incorporated in the year 1964 and the company is one of the giants in power plant equipment manufacturing.
Image: company website
They provide services including designing, testing and commissioning as well and have developed expertise in various critical equipments in a power plant like Boilers, Turbines, Pumps, Compressors, Switchgears, and other power generation/transmission systems. The company is also investing heavily on its research and development especially in fuel cells, coatings and sensors. It controls approximately 60% of power plant equipment capacity in the country. They have close to about 42,000 employees and the company believes in providing sustainable business solutions to its clients. They have also established their presence overseas with projects in Oman, Malaysia, New Zealand, Egypt, UAE to name a few.
Globally, the company has a power generating bas of 170GW and thereby playing a vital role in securing the energy needs of the country. The company is able to achieve this feat as an engineering and technology giant by striving to maintain highest standards of quality in all their works and competing globally against some of the best firms in their industry. Mr. Atul Sobti is the current Chairman and Managing director of BHEL. Corporate Social Responsibility is of paramount importance to this firm which believes in contributing value to nation building by ethical practices. The organisation acts in the best interest of all stakeholders and engages more with the local community inhabiting in the vicinity of their plants.
BHEL is ranked as Tenth best PSU in India with market capitalisation of Rs. 43,004 Crores and Net income and net profits of Rs. 28,617 crores and Rs. 639 crores respectively.
Market Capitalisation (INR Crores): 43004.33
Net Income (INR Crores): 28617.07
Net Profit (INR Crores): 639.89
9. Power Finance Corporation
The Power Finance Corporation was setup in the year 1986, and has been a strong player in India.
Image: company website
It was made in acknowledgement of the fact there is a dire need of power infrastructure in the country and the capital needs since it is a long- term commitment. It was setup as a non-banking financial institution and registered with Reserve Bank of India. The institution was committed to funding power infrastructure in the country and promote the development power and other allied sectors. The were awarded Navaratna status by Government of India in 2007. The products/services of Corporation include Project Term Loan, Short Term financial capital, Leasing, Consulting services in the fields of power generation and transmission. Some of the initiatives of PFC include Restructured Accelerated Power Development and Reform Programme, Distribution reforms, management & Upgrades, Independent Transmission Projects, mega power projects, etc.
Shri Rajeev Sharma is the current Chairman and Managing Director of Power Finance Corporation. The company is headquartered in New Delhi and for the FY 2015-16 alone they have sanctioned close to Rs 65000 crore of capital for various power infrastructure projects in the country. They are in on a number of joint ventures with National Power Exchange Limited and Energy Efficiency Services Limited.
Power Finance Corporation is ranked as nineth best PSU in India with market capitalisation of Rs. 21,054 Crores and Net income and net profits of Rs. 27,809 crores and Rs. 6,795 crores respectively.
Market Capitalisation (INR Crores): 21054.59
Net Income (INR Crores): 27809.14
Net Profit (INR Crores): 6795.53
8. Hindustan Petroleum
Hindustan Petroleum Corporation was first established in 1952 as Standard Vacuum Refining company.
Image: Wikimedia
The company was then later renamed in 1974 as Hindustan Petroleum after the merger of Lube India and Esso Standard vacuum refining company. HPCL owns two refineries in Mumbai and Vishakapatnam, which are the spine of the business of the company. The capacity of refinery in Mumbai is 6.5 MMTPA and at Vishakapatnam is 8.3 MMTPA. The corporation also operates largest Lube refinery with capacity of 428 TMT. It has a pipeline network spanning approximately 3000 kms for transporting petroleum and allied products. The corporation constantly strives to provide excellent innovative products and services to both domestic as well as international customers. They focus on profitable growth and also deliver high returns to their shareholders. Mr M.K.Surana is the current Chairman and Managing Director of HPCL.
HPCL is estimated to have some 5.3 crore customers and around 4500 dealers throughout the country. Some major renovation works are being carried out at their Mumbai and Vishakpatnam refineries in addition to capacity addition in pipeline networks. They also supply fuels to power plants, airlines and other energy intensive industries thereby playing an important role in energy security of the nation. The company has four subsidiaries HPCL Biofuels, Prize petroleum company, CREDA-HPCL Biofuel and HPCL Rajasthan refinery.
Hindustan Petroleum is ranked as Eighth best PSU in India with market capitalisation of Rs. 18,141 Crores and Net income and net profits of Rs. 1,77,694 crores and Rs. 5,942 crores respectively.
Market Capitalisation (INR Crores): 18141.95
Net Income (INR Crores): 177694.15
Net Profit (INR Crores): 5942.95
7. Power Grid Corporation Limited
The Power Grid Corporation was incorporated in the year 1989 primarily for the purpose of power transmission in the country.
Image: company website
The company was to design, plan and operate power transmission from plants to the consumers. The challenge was not only in putting the infrastructure in place but also in deploying state of the art technology and aligning it with the needs of public and private power generators. The corporate accounts for nearly half the power distribution in the country and it began its operations in 1991. They also undertake both regional and national power distribution grids to facilitate power transmission and help in the process of nation building. They were awarded Navaratna status by Government of India 2008.
Shri I S Jha is the current Chairman and Managing Director of Power Grid Corporation limited. The company has assets spread all over India with headquarters in Gurgaon, Haryana and they have approximately 1,35,000 km of transmission network.
Power Grid Corporation Limited is ranked as Sixth best PSU in India with market capitalisation of Rs. 96,113 Crores and Net income and net profits of Rs. 24,763 crores and Rs. 7,202 crores respectively.
Market Capitalisation (INR Crores): 96113.10
Net Income (INR Crores): 24763.81
Net Profit (INR Crores): 7202.84
6. Gas Authority of India Limited (GAIL)
The company was incorporated in 1984 with the view to explore, develop, create and maintain natural gas infrastructure in the country.
Image: company website
It came under the ministry of Petroleum and Natural Gas and the company’s first assignment was the Hazira Vijaypur Jagdhispur pipeline project, and then, they set up LPG plants and research facilities. Mahanagar gas was formed as a joint venture with British gas in 1994. The company went for an initial public offering in 1996 and subsequently was conferred navaratna status by government of India in 1997. GAIL’s oil and gas exploration efforts were rewarded with a major breakthrough when they discovered gas in a block at Myanmar and Oil at Cambay. The company’s core vision is to optimize the use of natural gas and thus contribute to the nation building in an efficient as well as effective manner. They strive to hold highest standards of ethics, safety and safeguarding the interests of their shareholders in all their ventures and projects.
Shri B.C.Tripathi is the current chairman and managing director of GAIL. They operate in multiple verticals spanning across the natural gas value chain like Liquid hydrocarbons, Gas transmission, Petrochemicals, etc. Sustainability in operations is embedded in their DNA and the company aims to reduce its greenhouse gas emissions by 33% by 2020. Reducing water consumption and increasing the waste water recycling are other such targets set by the management in their plans to counter the climate change challenges. True to this, they were awarded by PetroFed in 2016 as ‘Company of the year’ in Environmental Sustainability category.
GAIL is ranked as Sixth best PSU in India with market capitalisation of Rs. 53,050 Crores and Net income and net profits of Rs. 46,448 crores and Rs. 4,077 crores respectively.
Market Capitalisation (INR Crores): 53050.70
Net Income (INR Crores): 46448.89
Net Profit (INR Crores): 4077.74
5. Coal India Limited
Coal India Limited was incorporated in the year 1975 as the only state mining company is one of the largest producer of coal in the world today.
Image: company website
With India being one of the fastest growing economies in the world, the consumption needs of the country are proliferating at a rapid pace. The three main core industries Steel, Power and Cement which reflect the health of the economy are major consumers of coal in the country. It is also worth noting that coal based power generation accounts for nearly 70% of power generation and India is also the third largest country in terms of volumes of coal production. The company was granted Maharatna status in 2011. Coal India supplies high quality coal to about 98 coal based power plants in the country and guards the market against volatility. The company strives to produce coal by efficient and effective eco-friendly practices in the environment of highest standards of ethics, safety and quality. The company was listed in 2010 and soon went on to become the most valuable company by market capitalisation in 2011. Some of the products of CIL are coking coal, non-coking coal, washed and beneficiated coal, middlings, coal fines and heavy/light oil.
Mr Suthertha Bhattacharya is the chairman and managing director of CIL. Corporate Social Responsibility is part of the working culture in this organisation, and they work closely with the pollution control boards as well as various stakeholders connected with the firm. They have a satellite monitored land reclamation and restoration programme to ensure transparency in their operations.
Coal India is ranked as Fifth best PSU in India with market capitalisation of Rs. 1,74,868 Crores and Net income and net profits of Rs. 247 crores and Rs. 15,012 crores respectively.
Market Capitalisation (INR Crores): 174868.55
Net Income (INR Crores): 247.57
Net Profit (INR Crores): 15012.34
4. Bharat Petroleum Corporation Limited
The origin of Bharat Petroleum Corporation Limited can be traced back to 1880’s when the Burma Oil Company was formed to explore and refine petroleum products.
Image: company website
Since then over the course of history capped with multiple achievements the company signed agreement with government of India in 1951 and later was taken over in 1976 by the Indian government and renamed as Bharat Petroleum Corporation Limited. The corporation has 4 refineries in operation currently namely the Mumbai Refinery, Kochi Refinery, Numaligarh Refinery and Bina Refinery (Oman). The company wants to find profitable growth opportunity amid highly competitive environment. They also invest in developing and nurturing world class talent and strive to achieve excellence in all their operations. Innovation, Care and Reliability form the core DNA of this company which have multiple businesses from refineries, aviation, cooking fuels to providing commercial & industrial fuels.
The corporation has close to 8000 industrial customers from both private and public undertakings. Some of the most prominent customers of BPCL in this segment are Indian Army, Railways, State transportation and electricity boards. Some of their products are gases, bitumen, fuels, solvents, etc. MAX lubricants and Bharatgas are most coveted brands of BPCL. The company has close to 14,000 fuel stations and offer products from Petrol/Diesel to Speed fuels and LPG. They have programmes to incentivise the customers like PetroBonus for motorists and SmartFleet for commercial trucks. Apart from this, they are developing strong expertise on alternative, greener energy fuels.
Bharat Petroleum is ranked as Fourth best PSU in India with market capitalisation of Rs. 52,007 Crores and Net income and net profits of Rs. 1,89,432 crores and Rs. 8,747 crores respectively.
Market Capitalisation (INR Crores): 52007.83
Net Income (INR Crores): 189432.51
Net Profit (INR Crores): 8747.33
3. National Thermal Power Corporation(NTPC)
NTPC was incorporated in the year 1975 with the objective of becoming one of the world’s best power companies and also to build and maintain power infrastructure in the country.
Image: company website
The mission was to provide reliable electricity to the industries and households in an efficient as well as economical manner. The core values of NTPC is Integrity, Customer-Focus, Organisational Pride, Mutual Respect & Trust, Innovation & Learning and Total Quality & Safety. The company operates in multiple verticals: Hydro-electric power generation, renewable energy and Nuclear energy with expertise in entire value chain of power generation business. The corporation was awarded Maharatna status by Government of India in 2010. In total the company has about 20 coal based plants, 1 hydro and wind power station, 7 gas based plants and also joint ventures in solar projects. The company wants to hit 130GW capacity and also diversify its fuel mix by 2032 and to achieve this target it is diversifying its business portfolios including greenfield projects, joint ventures, inorganic growth model and also strong backward integration in the value chain.
Shri Gurdeep Singh is the current Chairman & Managing Director of NTPC. The company has close to 18% of total national installed capacity and went for an IPO in 2004. Corporate Social Responsibility is the core part of NTPC’s business and they invest heavily in technologies to reduce pollution. The corporation’s top priority is safety of its employees and people living in and around their power plants. In the FY 2015-16, they spent approximately Rs 500 crore on CSR activities.
NTPC is ranked as Third best PSU in India with market capitalisation of Rs. 1,35,555 Crores and Net income and net profits of Rs. 72,429 crores and Rs. 18,153 crores respectively.
Market Capitalisation (INR Crores): 135555.43
Net Income (INR Crores): 75966.62
Net Profit (INR Crores): 10049.16
2. Oil and Natural Gas Corporation(ONGC)
The company was incorporated in 1956 after the government of India recognised the importance of oil and natural gas exploration.
Image: company website
It was created to ensure energy security and also to cut down on importing oil which was causing a lot of strain on government coffers’. The oil and Natural gas Directorate was set up and soon the company found resources in some parts of Assam and Cambay before expanding to all parts of the country. After the liberalization of the economy in 1991, the government divested and de-regulated the sector thereby ONGC became a limited company under the company’s act. The corporation has discovered majority of producing basins and has 1184 wells offshore and 4735 oil wells onshore. They also account for approximately 70% of crude oil and natural gas production in the country. In short, they produce around 1.2 million barrels of oil equivalent per day.
Their vision is to be an integrated global leader in energy business by leveraging best of talents, knowledge excellence and corporate governance. The company is awarded Navaratna status by Government of India in 1996 and they have about 35,000 employees on roll. They hold to highest standards of quality, ethics and values and at the same time aim to establish competitive advantage by their R&D. Mr D K Sarraf is the Chairman and Managing Director of ONGC. The ONGC Videsh is the wholly owned subsidiary of the company and they hold stake in some of the vital oil basins in the world. They also supply to other Indian giants in the industry like HPCL, BPCL, IOCL to name a few.
ONGC is ranked as Second best PSU in India with market capitalisation of Rs. 1,59,388 Crores and Net income and net profits of Rs. 72,429 crores and Rs. 18,153 crores respectively.
Market Capitalisation (INR Crores): 159388.78
Net Income (INR Crores): 72429.95
Net Profit (INR Crores): 18153
1. Indian Oil Corporation Limited(IOCL)
The Indian Oil Corporation was first established in the year 1959 as Indian Oil Company and later merged with Indian refineries limited in 1964 to form Indian Oil Corporation Limited.
Image: Wikimedia
It is by far the largest Indian corporation having expertise from refining till marketing of petroleum and its allied products. It has a number of subsidiaries in Sri Lanka, Mauritius, UAE, etc with the total refining capacity of 80+ MMTPA, making it the largest oil & gas company in India. The company controls almost half of the refineries in the country and constantly works to upgrade existing installed capacities to remain competitive in the highly volatile industry. The pipeline network of Indian Oil spans around 12,000 km out of which 5000 km of crude oil pipeline with capacity to carry 40.4 MMTPA, 7000 km of product pipeline with capacity of 45 MMTPA and 140 km of Gas pipeline. The company has close to about 45,000 customer contact points throughout the country. This includes about 25,000 fuel stations spread across the country.
Mr. B Ashok is the current chairman of IOCL. The corporation plays a vital role in securing the energy needs of the country and also to provide high quality products that are eco-friendly for the environment. Some of the brands of IOCL include Indane cooking gas which is used in about 10 crores households. SERVO, XTRAPREMIUM, PROPEL are other famous brands under IOCL. The company has a state of the art R&D centre in Faridabad where they are working on next gen energy fuels like harnessing solar power, hydrogen cells, synthetics, shale oil, etc.
Indian Oil is the number one PSU in India with market capitalisation of Rs.1,06,793 crores and Net income and profit of Rs.3,58,272 crores and Rs 17,071 crores respectively.
Market Capitalisation (INR Crores): 106793.49
Net Income (INR Crores): 358272.22
Net Profit (INR Crores): 17071.03
Rank Methodology
1. The leading PSU or public sector companies are selected
2. Parameters like Mar Cap, Net income and net profit are considered, which are then normalized
3. Based on this a final score is calculated and the final ranks are found