What is PSUs ?

What is PSUs?

PSUs i,e. Public Sector Undertaking are government-owned corporation. These companies are owned by the union Government of India, or one of the state governments. In a PSU majority (51% or more) of the paid up share capital is held by central government or by any state government or partly by the central governments and partly by one or more state governments. These have been established with the intent to undertake commercial activities on behalf of the government. The PSUs regularly undertake large projects, and in the process generate numerous job opportunities.