PSU Stocks

Public Sector Undertakings (PSUs) are government-owned corporations in India, which are either fully or partially owned by the Government of India. These companies are involved in various sectors such as energy, banking, mining, telecommunications, transportation, defense, and more. PSU stocks are popular for their stable performance, dividend payouts, and government backing, making them attractive to long-term investors.

Here’s a list of prominent PSU stocks that are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE):

PSU Stocks List (2024)

1. Oil & Gas & Petrochemicals

1. Oil and Natural Gas Corporation Limited (ONGC)

• Ticker Symbol: ONGC (NSE), 500312 (BSE)
• Sector: Oil and Gas
• Description: India’s largest oil and gas exploration company. It is involved in the exploration, production, and marketing of petroleum and natural gas.

1. Indian Oil Corporation Limited (IOC)

• Ticker Symbol: IOC (NSE), 530965 (BSE)
• Sector: Oil and Gas (Refining and Marketing)
• Description: One of the largest refiners and marketers of petroleum products in India. It operates across the entire value chain from refining to retailing.

1. Bharat Petroleum Corporation Limited (BPCL)

• Ticker Symbol: BPCL (NSE), 500547 (BSE)
• Sector: Oil and Gas (Refining)
• Description: A major player in oil refining, marketing, and distribution of petroleum products across India.

1. Hindustan Petroleum Corporation Limited (HPCL)

• Ticker Symbol: HPCL (NSE), 500104 (BSE)
• Sector: Oil and Gas (Refining and Marketing)
• Description: A leading oil refining and marketing company, HPCL is involved in petroleum product distribution and retailing.

1. GAIL (India) Limited

• Ticker Symbol: GAIL (NSE), 532155 (BSE)
• Sector: Natural Gas
• Description: A public sector natural gas company involved in the transmission, distribution, and marketing of natural gas.

2. Power & Utilities

6. NTPC Limited

• Ticker Symbol: NTPC (NSE), 532555 (BSE)
• Sector: Power Generation
• Description: India’s largest power utility company, responsible for the generation and sale of electricity. NTPC has a significant share in India’s power generation market.

6. Power Grid Corporation of India Limited (PGCIL)

• Ticker Symbol: POWERGRID (NSE), 532898 (BSE)
• Sector: Power Transmission
• Description: It operates the national and regional power transmission network and ensures the delivery of electricity from generation plants to consumers.

6. Indian Power Corporation Limited (IPCL)

• Ticker Symbol: IPCL (NSE), 505139 (BSE)
• Sector: Power Generation and Distribution
• Description: A state-owned power generation and distribution company.

3. Financial Services

9. State Bank of India (SBI)

• Ticker Symbol: SBIN (NSE), 500112 (BSE)
• Sector: Banking and Financial Services
• Description: India’s largest public sector bank, offering a wide range of financial products and services, including retail banking, corporate banking, and insurance.

9. Bank of Baroda (BoB)
   • Ticker Symbol: BANKBARODA (NSE), 532134 (BSE)
   • Sector: Banking
   • Description: A major public sector bank in India, providing banking and financial services, including corporate banking, retail banking, and wealth management.
10. Punjab National Bank (PNB)
    • Ticker Symbol: PNB (NSE), 532461 (BSE)
    • Sector: Banking
    • Description: One of India’s largest public sector banks, providing banking services across various sectors, including agriculture, industry, and personal banking.
11. Canara Bank
    • Ticker Symbol: CANBK (NSE), 532483 (BSE)
    • Sector: Banking
    • Description: A major public sector bank that provides banking services in retail, corporate, and international banking.
12. Bank of India (BOI)
    • Ticker Symbol: BANKINDIA (NSE), 532148 (BSE)
    • Sector: Banking
    • Description: A leading public sector bank in India with a wide network and range of banking products.

4. Metals and Mining

14. Steel Authority of India Limited (SAIL)
    • Ticker Symbol: SAIL (NSE), 500113 (BSE)
    • Sector: Steel Manufacturing
    • Description: One of the largest steel-making companies in India. SAIL is involved in the production and distribution of steel and other metal products.
15. National Aluminium Company Limited (NALCO)
    • Ticker Symbol: NALCO (NSE), 532234 (BSE)
    • Sector: Aluminium Manufacturing
    • Description: A leading manufacturer of aluminum products and one of the largest producers of alumina in India.
16. Coal India Limited
    • Ticker Symbol: COALINDIA (NSE), 533278 (BSE)
    • Sector: Mining (Coal)
    • Description: The world’s largest coal producer, engaged in the production and marketing of coal.
17. Mineral Exploration Corporation Limited (MECL)
    • Ticker Symbol: MECL (NSE), 533276 (BSE)
    • Sector: Mineral Exploration and Mining
    • Description: Focuses on the exploration of minerals and natural resources.

5. Heavy Engineering and Manufacturing

18. Bharat Heavy Electricals Limited (BHEL)
    • Ticker Symbol: BHEL (NSE), 500103 (BSE)
    • Sector: Heavy Engineering and Manufacturing
    • Description: India’s largest engineering and manufacturing company in the power sector, producing electrical equipment and providing services for power generation plants.
19. Engineers India Limited (EIL)
    • Ticker Symbol: ENGINERSIND (NSE), 532178 (BSE)
    • Sector: Engineering Consultancy
    • Description: A major public sector engineering consultancy that offers services in the areas of refinery, petrochemicals, and infrastructure projects.

6. Telecommunications

20. BSNL (Bharat Sanchar Nigam Limited)
    • Ticker Symbol: Not listed separately. BSNL is a government-owned telecom operator that is not publicly traded. However, it is a PSU and has a significant presence in India’s telecom market.

7. Defense and Aerospace

21. Hindustan Aeronautics Limited (HAL)
    • Ticker Symbol: HAL (NSE), 500183 (BSE)
    • Sector: Defense and Aerospace
    • Description: A state-owned aerospace and defense company that designs, manufactures, and maintains aircraft and related systems for the Indian armed forces.

8. Transport and Infrastructure

22. Indian Railway Catering and Tourism Corporation Limited (IRCTC)
    • Ticker Symbol: IRCTC (NSE), 541879 (BSE)
    • Sector: Railways, Tourism, and Catering
    • Description: Manages catering, tourism, and online ticketing operations for Indian Railways.
23. Konkan Railway Corporation Limited
    • Ticker Symbol: Not listed
    • Sector: Railways and Transport
    • Description: Operates the Konkan Railway route along the western coast of India, linking several states.

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Conclusion:

PSU stocks represent a significant portion of India’s economy, spanning industries like banking, energy, metals, mining, telecommunications, defense, and infrastructure. These stocks are generally stable, often paying good dividends, and provide investors with exposure to sectors that are integral to India’s growth and development.

Investors typically view PSUs as a safe, long-term investment, particularly in sectors such as power, banking, and oil and gas. Many PSUs also have government backing, which can offer some degree of stability.