Oil and Natural Gas Corporation Limited (ONGC) has declared the lists of selected candidates for the recruitment of various posts through GATE-2019 (Advt. No. 03/2019 (R&P). Candidates can check the lists by clicking the following […]
Employees State Insurance Corporation (ESIC), Haryana has released the notification for the recruitment of the posts of Senior Residents in various departments. Eligible candidates may attend Walk-in-Interview on 22-08-2019 (09:00 AM). Post Name Number of […]
Haryana Public Service Commission has released the result of ‘A’ Class Naib Tehsildar (Apprentices) Gazetted Class-II (Group ‘B’) in Revenue and Disaster Management Department, Haryana against Advertisement No’ 01 of 2015. Candidates can check the […]
South East Central Railway (SECR), Maharashtra has released the notification for the recruitment of the posts of Apprentices under the Apprentices Act 1961. Eligible candidates may apply online before 29-08-2019 (06:00 PM). Trade Number of Vacancies […]
National Institute of Technology (NIT) Uttarakhand has released the notification for the recruitment of the posts of Assistant Librarian, Technical Assistant, Library and Information Assistant, Superintendent, Stenographer and Technician. Eligible candidates may apply online before 06-09-2019 […]
Border Roads Organisation (BRO), Ministry of Defense, Indian National Male has released the notification for the recruitment of Draughtsman, Hindi Typist and other posts in General Reserve Engineering Force. Eligible candidates may submit their applications […]
Odisha Public Service Commission (OPSC) has released the notification for the recruitment of the posts of Assistant Fisheries Officer (Group-B) under Fisheries and A.R.D. Department. Eligible candidates may apply online from 19-08-2019 to 18-09-2019. Post Name […]
The Institute of Banking Personnel Selection or IBPS has just refreshed its recruitment cycles on the 7th of August, 2019, and is actively looking out for candidates, both experienced and freshers. It is an autonomous […]
Kerala Public Service Commission (KPSC) has released the notification for the recruitment of the posts of Office Attendant in Kerala Government Service. Eligible candidates may apply online before 29-08-2019 (12:00 midnight). Post Name and Pay Scale […]
Hindustan Copper Limited (HCL), Madhya Pradesh has released the notification for the recruitment of the posts of Assistant Foreman and Mining Mate (Grade-I) at Malanjkhand Copper Project. Eligible candidates may submit their applications on or before 26-08-2019. […]
Public Sector Undertakings or PSUs are basically companies owned by the Union Government of India or by one of the many state or territorial government. In certain cases, it is both.
What makes a PSU is that a majority of the stocks in the company need to be owned by the Government. The general classification for PSU is as Central Public Sector Enterprises (CPSEs) and State level Public Enterprises (SLPEs).
The progress of PSEs has been steady over the years. All the way back in 1951, there were just five Public Sector Undertakings in India. As of 1991, this number had increased all the way to 246.
Specifically speaking, the Central Public Sector Enterprises are companies that have Central Government direct holding of 51 per cent or more. These CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises.
Quite unlike traditional government jobs that require you to go through a tedious entry-level procedure, PSUs do not have this fixed policy in place. The frequency and basis for candidates to be hired by a certain PSU is absolutely left to the PSUs discretion. Their hiring usually depends upon the scope of work, skill set of the applicant and the vacancies available.
There are, however, several PSUs all across the country. There is that assurance that your skills will surely find a spot in one PSU or another. PSUs function at various levels of administration and each skill of yours will definitely find a spot. You can even establish your own special niche by being adept at various skills.
Job prospects in PSU Industry
Graduates generally get a mixed bag of jobs to choose from. This is one dynamic industry where the possibilities are endless. You get to function at your full potential, getting to use all the skills you have. You will initially start off as a Trainee and then you would be on Probation for about 6 months to a year.
Kind of posts you are ideally eligible for in this industry are Engineering Executive training, assistant Executive Engineer, Management Trainee, Accounts Officer, Scientist, Engineering Trainee, or even Systems officer.
Eligibility Criteria for the job
In order to qualify for PSU jobs, interested candidates would have to have immense technical knowledge. This reflects in their GATE scores. Candidates need to appear for their GATE exams and based on their GATE scores, their applications are taken into consideration.
Applicants who score required marks qualify for the further sessions like group discussions and interviews in case there happen to be vacancies in that specific PSU.
Candidates also generally need to be in the age group 21-30, whereas certain reserved categories or minorities may get a relaxed age limit of up to 35 years. Most importantly, the applicant would have to be a graduate in whichever vacant job position they apply for. This ensures quality work and expertise in the years to come.
PSU jobs are really beneficial for those wanting a job that also has government benefits. Job security and pension provisions sweeten the deal all the more and the sense of contribution to the nation’s economy is an added bonus.
