As govt preps for disinvestment, here’s strategic sector PSU list

The Budget 2021-22 has put the focus back on the government’s new disinvestment policy and its intention to retain a bare minimum list of public sector undertakings (PSUs) in the strategic sectors
As govt preps for disinvestment, here’s strategic sector PSU list

New Delhi: The Budget 2021-22 has put the focus back on the government's new disinvestment policy and its intention to retain a bare minimum list of PSUs in the strategic sectors. Apart from putting emphasis on the announcements that had been made earlier in May 2020 under the Atmanirbhar Bharat Abhiyan, the Budget also delineated the strategic sectors where PSUs will continue to remain but in lean shape. The new public sector policy unveiled by the Department of Investment and Public Asset Management (DIPAM) will be implemented over the next three-four years and will see the number of PSUs in India reducing drastically.

Here's the list of strategic sector PSUs which will remain under government control but with at a bare minimum number:

Atomic Energy PSUs

  1. Nuclear Power Corporation of India Limited (NPCIL)
  2. Uranium Corporation of India (UCIL)
  3. Indian Rare Earths Ltd. (IREL)
  4. Bharatiya Nabhkiya Vidyut Nigam Limited (BHAVINI)
  5. Electronics Corporation of India (ECIL)

Space PSUs

  1. Antrix Corporation
  2. New Space India Limited (NSIL)

Defence PSUs

  1. Hindustan Aeronautics Limited (HAL)
  2. Bharat Electronics Limited (BEL)
  3. Bharat Dynamics Limited (BDL)
  4. BEML Limited (Privatisation has already been initiated)
  5. Mishra Dhatu Nigam Limited (MIDHANI)
  6. Mazagon Dock Shipbuilders Limited (MDL)
  7. Garden Reach Shipbulders and Engineers Limited (GRSE)
  8. Goa Shipyard Limited (GSL)
  9. Hindustan Shipyard Limited (HSL)

Transport PSUs

  1. National Highways Authority of India (NHAI)
  2. National Highways & Infrastructure Development Corporation Ltd (NHIDCL)

Telecommunication PSUs

  1. Bharatiya Sanchar Nigam Ltd (BSNL)
  2. Mahanagar Telephone Nigam Ltd (MTNL)
  3. Bharat Broadband Network Limited (BBNL or BharatNet)
  4. Telecommunications Consultants India Ltd (TCIL)
  5. ITI Limited

Power PSUs

  1. NTPC Limited
  2. NHPC Limited
  3. REC Limited
  4. North Eastern Electric Power Corporation (NEEPCO)
  5. Power Finance Corporation (PFC)
  6. Power Grid Corporation of India Ltd (PGCIL)
  7. SJVN Limited
  8. THDC India Limited
  9. POSOCO (Power System Operation Corporation Limited)

Petroleum PSUs

  1. Balmer Lawrie & Co. Limited 
  2. Bharat Petroleum Corporation Limited (BPCL) Privatisation is underway
  3. Biecco Lawrie Co. Limited
  4. Chennai Petroleum Corporation Limited (CPCL)
  5. Engineers India Limited (EIL)
  6. Gas Authority of India Limited (GAIL)
  7. Hindustan Petroleum Corporation Limited (HPCL)
  8. Indian Oil Corporation Limited (IOCL)
  9. Numaligarh Refinery Limited (NRL)
  10. Oil India Limited (OIL)
  11. Oil & Natural Gas Corporation Limited (ONGC)


  1. Mangalore Refinery and Petrochemicals Limited (MRPL)
  2. ONGC Videsh

Coal PSUs

  1. Coal India Ltd (CIL)
  2. Neyveli Lignite Corporation India Limited (NLCIL)
  3. Singareni Collieries Company Limited (SCCL)


  1. Bharat Coking Coal Limited (BCCL)
  2. Central Coalfields Limited (CCL)
  3. Eastern Coalfields Limited (ECL)
  4. Western Coalfields Limited (WCL)
  5. South Eastern Coalfields Limited (SECL)
  6. Northern Coalfields Limited (NCL)
  7. Mahanadi Coalfields Limited (MCL) 
  8. Central Mine Planning and Design Institute Limited (CMPDIL)

Mineral sector PSUs

  1. NMDC Limited
  2. National Aluminium Company (NALCO)
  3. Hindustan Copper Limited (HCL)
  4. Mineral Exploration Corporation Ltd (MECL)

Banking PSUs

  1. State Bank of India (SBI)
  2. Punjab National Bank (PNB)
  3. Bank of Baroda (BoB)
  4. Canara Bank 
  5. Union Bank of India (UBI)
  6. Punjab & Sind Bank 
  7. Indian Bank
  8. Bank of Maharashtra
  9. Bank of India (BoI)
  10. Central Bank of India
  11. Indian Overseas Bank
  12. UCO Bank

Insurance sector PSUs

  1. Life Insurance Corporation of India (LIC)
  2. National Insurance Co Ltd
  3. The New India Assurance Co Ltd
  4. The Oriental Insurance Co Ltd
  5. United India Insurance Co Ltd
  6. Export Credit Guarantee Corporation of India Ltd
  7. Agriculture Insurance Co of India Ltd
  8. General Insurance Corporation of India

Financial services

  1. Export Import Bank of India (EXIM Bank)
  2. Small Industries Development Bank of India Ltd (SIDBI)
  3. National Housing Bank (NHB)
  4. National Bank for Agriculture and Rural Development (NABARD)
  5. India Infrastructure Finance Company Ltd (IIFCL)
  6. Industrial Finance Corporation of India (IFCI)

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

PSU Watch