Best Indian PSU Stocks To Invest In 2024


2024/03/02 13:44:50 IST

Oil & Natural Gas Corporation

    Established in 1993, Oil & Natural Gas Corporation, popularly known as ONGC, is a distinguished PSU in India, focusing primarily on oil exploration and production. It leads in the exploration, development, and production of crude oil, natural gas, and other petroleum products. Notable subsidiaries include ONGC Videsh Limited, Mangalore Refinery and Petrochemicals Limited, and Hindustan Petroleum Corporation Limited.

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National Thermal Power Corporation

    Founded in 1975, National Thermal Power Corporation (NTPC) is a prominent power generating company in India. It actively participates in power generation and distribution to State Power Utilities. NTPC operates numerous power stations nationwide, contributing significantly to the energy sector through power generation, project management, and energy trading.

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Coal India Ltd

    Coal India Ltd, established in 1975, is a vital component of the Indian economy, focusing primarily on coal mining operations across 8 states in India. With over 300 mines, including underground and opencast, Coal India plays a pivotal role in coal production. It also oversees the Indian Institute of Coal Management and operates subsidiaries like Bharat Coking Coal Limited and Central Coalfields Limited.

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POWERGRID

    Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSU, was incorporated on 23rd Oct 1989. As a listed company, it is primarily responsible for planning, implementing, and operating Inter-State Transmission Systems, telecom, and consultancy services. The Indian government holds 51.34% of POWERGRIDs shares, with the remaining held by public and institutional investors.

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Indian Railway Finance Corp

    Indian Railway Finance Corp (IRFC) was established in 1986 to manage the financial affairs of Indian Railways. Its core business involves borrowing funds from financial markets to finance railway assets, which are then leased out to Indian Railways as finance leases.

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National Hydroelectric Power Corporation

    Founded in 1975, National Hydroelectric Power Corporation (NHPC) is actively engaged in bulk power generation and sales. NHPCs core activities include project management, consultancy assignments, construction contracts, and power trading. Notable subsidiary companies include Jalpower Corporation Limited and Chenab Valley Power Projects Private Limited.

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