Oil India Limited (OIL) has released the notification for the recruitment of Fishing Operator and Other Posts on a contractual basis for an immediate engagement at Field Headquarters, Duliajan. Eligible candidates can apply from 25-02-2021 to 22-03-2021. […]
The University of Madras (UNOM) has released the notification for the recruitment of University Research Fellowship Posts. Eligible candidates can apply before 15-02-2021. Post Name and Fellowship Vacancies Educational Qualification University Research FellowshipRs.7000 per month 37 […]
The University of Burdwan has released the notification for the recruitment of Teaching posts for the Department of (i) Molecular Biology and Human Genetics (ii) Physiology (iii) Nutrition and Public Health (iv) Electronics and Communication […]
India Post Office has released the notification for the recruitment of the posts of Staff Car Driver (Ordinary Grade). Suitable or eligible candidates can apply on or before 10-03-2021 (17.00 Hrs). Post Name and Pay […]
Indira Gandhi Rashtriya Manav Sangrahalaya (IGRMS) has released the notification for the recruitment of the Group- B and C posts. Eligible candidates may submit their applications before 12-02-2021 (for direct recruitment) and 08-03-2021 (for deputation […]
Indian Army has released the rally notification for the recruitment of Soldier General Duty, Soldier Clerk/ SKT and Other Posts. Eligible candidates can apply online before 05-03-2021. Post Name Educational Qualification and Physical Requirement Soldier General […]
Indian Army has released the recruitment rally notification for Sepoy Pharma-D category for the Districts Shimla, Sirmaur, Solan and Kinnaur in Himachal Pradesh and Rohtak, Jhajjar, Sonipat and Panipat. Online registration is mandatory and will be open from […]
Reserve Bank of India (RBI) has released the notification for the recruitment of the posts of Officers in Grade-B (DR) General/ DEPR/ DSIM. Eligible candidates may apply online before 15-02-2021 (12 midnight). Post Name Number of […]
West Central Railway (WCR) has released the notification for the recruitment of Trade Apprentice in different trades. Eligible candidates can apply before 27-02-2021. Trades Vacancies Electrician 160 Fitter 140 Wireman 15 Welder (Gas and Electric) […]
Indian Oil Corporation Limited Western Region has released the notification for the recruitment of Technical and Non-Technical Apprentices at IOCL – Eastern Region (MD). Eligible candidates can apply before 26-02-2021 (05:00 PM). Post Name Vacancies […]
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.
