Correct option is D
The correct answer is (d) 51% or more
Explanation:
- A Public Sector Undertaking (PSU) or Public Sector Enterprise (PSE) in India is a government-owned company.
- As per the Companies Act, 2013, a company is classified as a PSU if the Central Government, State Government, or both together hold at least 51% of the paid-up share capital.
- This ensures government control over decision-making and administration.
Information Booster:
Types of Public Sector Undertakings (PSUs) in India:
Central Public Sector Enterprises (CPSEs) – Owned by the Central Government.
State Public Sector Enterprises (SPSEs) – Owned by State Governments.
Joint Ventures (JVs) with Government Ownership – Where both Central and State Governments own a share.
Categories of PSUs:
- Maharatna PSUs – Large companies with a net profit of ₹5,000 crores+ for 3 years (e.g., ONGC, Indian Oil).
- Navratna PSUs – Mid-sized profitable companies with autonomy in investment decisions (e.g., BEL, HAL).
- Miniratna PSUs – Small or mid-sized profitable enterprises (e.g., IRCTC, BSNL).