Public Sector Companies are those companies in which major part of the stake is owned by the Government. Presently, there are more than 250 Public Sector Companies performing well in their respective domain.
Out of these Public Sector Companies, some have Maharatna status, some have Navratna Status and some have Mini Ratna Status (Category I and Category II). These status are given to companies, which fulfil parameters decided by the Government, that include Annual Turnover, Net Worth and Profit.
Public Sector Companies not only provide excellent products but also generate ample job opportunities. This post lays down a brief description about the Top 10 Public Sector Companies in India 2017 by market capitalization.
10. Hindustan Petroleum Corporation Limited (HPCL)
Hindustan Petroleum Corporation Limited has its headquarters in Mumbai and was founded in the year 1974. The company deals in oil and natural gas, and is owned 51.11% by the government and the rest of share is held by the public investors, financial institutions, and other investors.
The company ranks 367th on the list of the world’s biggest corporation by the Fortune Global 500.
Market Capitalization: Rs 49,651 Crore
9. GAIL (India) Limited
Ninth rank in the list of Top 10 Public Sector Companies in India 2017 has been secured by GAIL. Founded in the year 1984, GAIL (India) Limited is a Maharatna Status Company and a leading producer and distributor of natural gas in India.
Headquartered in New Delhi, GAIL (India) Limited has a large network of pipelines of more than 10,000 kilometres in India.
Market Capitalization: Rs 56,796 Crore
8. Bharat Heavy Electricals Limited
Next public sector company is Bharat Heavy Electricals Limited, which was incorporated in the year 1964 and engaged in manufacturing of electrical and industrial equipments. Some of the products of the company are Boilers, Steam Turbines, Transmission Systems, Transformers and Switch gears.
Headquartered in New Delhi, BHEL has more than 15 manufacturing units and repair units in India. BHEL also export various products to more than 20 countries in the world.
Market Capitalization: Rs 31,622 Crore
7. Steel Authority of India (SAIL)
Steel Authority of India Limited (SAIL) stands as one of the top steel makers in India and globally. Owned and operated by the government of India, this steel making company is based in New Delhi and was incorporated in the year 1973.
SAIL has acquired the seventh position in the list of Top 10 Public Sector Companies in India 2017.
Market Capitalization: Rs 24,452 Crore
6. Bharat Petroleum Corporation Limited (BPCL)
Bharat Petroleum Corporation Limited (BPCL) is another swiftly growing public sector company and secured the sixth position in the list of Top 10 Public Sector Companies in India 2017.
Headquartered in Mumbai, BPCL was incorporated in the year 1952 and among the leading producers of oil and gas in the country.
Market Capitalization: Rs 96,835 Crore
5. Power Grid Corporation of India Limited (PGCIL)
Power Grid Corporation of India Limited (PGCIL) is a Navratna company was incorporated in the year 1989 and engaged in transmission of electricity. Headquartered in Gurgaon, PGCIL transmit electricity in India through its network of more than 1.16 Lakh circuit kilometres of transmission lines and over 190 substations.
Apart from India, PGCIL has a strong presence in more than 15 countries in Asia and Africa. Some of the countries, in which PGCIL operate include Sri Lanka, Bhutan, Myanmar, UAE and Nepal.
Market Capitalization: Rs 103,847 Crore
4. NTPC Limited
Another Maharatna Company, NTPC is next public sector company and stand at fourth in the list of Top 10 Public Sector Companies in India 2017. Founded in the year 1975, NTPC Limited is one of the fastest growing public sector company, which is engaged in generation of electricity.
Headquartered in New Delhi, NTPC Limited has more than 20 power plants in different parts of the country. NTPC Limited has continuously won awards for its excellent performance in electricity generation and employ more than 24,000 people.
Market Capitalization: Rs 141,639 Crore
3. Indian Oil Corporation Limited
A Fortune 500 Global Company, Indian Oil Corporation Limited (IOCL) is at 3rd position, which came into existence in the year 1964. Indian Oil Corporation Limited is among the leading oil and gas companies in India and account for a reasonable share of this segment in the country.
Headquartered in New Delhi, IOCL operates 10 refineries in the country, which has a combined refining capacity of more than 60 Million Metric Tonnes per year. Some of the products of IOCL include Crude Oil, Kerosene, Petrol and Diesel.
Market Capitalization: Rs 171,923 Crore
2. ONGC Limited
ONGC Limited is the leading public sector company, which was founded in the year 1956 and engaged in exploration and production of oil and gas. Headquartered in Dehradun, ONGC Limited account for the major share of oil and gas production in the country.
ONGC Limited operates in more than 10 countries in the world through its subsidiaries and comprises of a strong team of more than 30,000 employees. ONGC Limited is also involved in performing corporate social responsibility by giving contribution in fields like Healthcare, Environment Protection, Water Management, etc.
Market Capitalization: Rs 254,675 Crore
1. Coal India Limited
Next is Coal India Limited, a leading coal producing company founded in the year 1975 and account for more than 80% coal production in the country. Headquartered in Kolkata, Coal India Limited is a leading public sector company and employ more than 3.5 Lakh people.
Winner of Multiple Awards, Coal India Limited operate in India through many subsidiaries like Central Coalfields Limited, Western Coalfields Limited, Northern Coalfields Limited, etc. Coal India Limited has more than 400 coal mines, which are located in different parts of the country.
Market Capitalization: Rs 194,074 Crore