To perform in the business world, owners must select the type of corporate structure in which they will operate. There are sole proprietorships, corporations, multinational corporations, and other organizations. Companies, for example, play an important part in the expansion of India’s economy.
Another type of business is one in which the Central or State Government, or either of the two or both of them combined, owns 51 percent of the interest or capital in the firm. This type of company is known as a ‘Government Company.’ This Government Company is also known as ‘Public Enterprises’ or ‘State Enterprises.’ They must be lawfully registered under the Companies Act. While the government continues to focus on critical industries such as petroleum or mines, the private ones are busy in the sectors related to development.
Now let us have a glance over the list of Government Companies in India
- Indian Oil Corp. Ltd.
Indian Oil Corporation Ltd (IOCL) is India’s premier national oil company, with operations spanning the entire hydrocarbon value chain, from refining, pipeline transportation, and marketing of petroleum products to crude oil and gas exploration and production, natural gas marketing, and petrochemicals. The company is the leading Indian corporate in the Fortune Global 500′ listing, ranking 168th in 2017.
Refineries, pipelines, and marketing are all part of the company’s activities. With approximately 18,278 petrol and diesel stations, the firm has the largest and most extensive network in the country. Through a network of around 5,000 Indane distributors, it delivers Indane cooking gas to the doors of over 53 million households in roughly 2,700 markets. With over 33,000 employees, vast refining, distribution, and marketing infrastructure, and excellent R&D facilities, Indian oil plays an important role in the country’s socio-economic growth.
- NTPC Ltd.
NTPC Ltd is India’s largest power utility business, with a generation capacity of 63925 MW (including joint ventures) with ambitions to grow to 130 GW by 2032. The corporation is in the business of producing and selling bulk power. Based on the availability factor and average plant load factor, the company operates its stations at a level of performance that exceeds the norm in India (PLF). They have created a long-term technology roadmap for the incorporation of high-efficiency equipment, such as supercritical and ultra-supercritical machines, into their new facilities. The company’s headquarters are located in New Delhi. The primary activity of NTPC is the generation and sale of energy to India’s state-owned power distribution corporations and State Electricity Boards. The firm also does consultation and turnkey project contracts involving engineering, project management, construction management, and power plant operation and management.
- Coal India Ltd.
Coal India was a private limited company called ‘Coal Mines Authority Limited’ under the Companies Act. Coal India Limited (CIL) was established in November 1975 as an organized state-owned coal mining corporation after the government took over private coal mines. It mines coal and makes coal-based goods. Coking coal, semi-coking coal, non-coking coal, hard coal, washed and beneficiated coal, coal fines, heavy oil, and coke are among the items offered by the firm. The firm owns and runs open pit mines, underground mines, and mixed mines. Steel, fertilizer, glass, power utilities, cement, ceramic, chemical, paper, household fuel, and industrial facilities all use CIL products. It also offers mining consulting services throughout India. The corporation has mining reserves all throughout India and owns a mining company in Mozambique. The headquarters of CIL is in Kolkata, West Bengal, India.
- Steel Authority of India Ltd.
Steel Authority of India Ltd (SAIL) is a state-owned metal and mining corporation. The firm manufactures and distributes hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, structural steel, electrical steel, railway goods, and plates. It also produces bars and rods, as well as stainless steel and various alloy steels. In India’s eastern and central regions, the firm owns and runs integrated steel factories, special steel plants, and a ferroalloy facility. They manufacture high-quality steel and iron in five integrated facilities and three specific steel factories in India’s eastern and central regions, near local raw material sources. They manufacture and sell a wide range of steel goods that are in high demand in both the domestic and international markets. It also owns and runs iron ore mines, RMD flux mines, consulting services, and transportation and shipping businesses. SAIL is based in New Delhi, India.
- Oil and Natural Gas Corp. Ltd.
Oil and Natural Gas Corp Ltd (ONGC) is a hydrocarbon value chain integrated energy corporation. It explores, produces, refines, and sells oil and gas, as well as produces petrochemicals. ONGC also generates power and has significant renewable energy activities. Mangalore Refinery and Petrochemicals Ltd and Hindustan Petroleum Corporation Ltd are the company’s refining subsidiaries. It sells to oil refineries and gas marketing firms. Furthermore, the corporation undertakes international activities through its subsidiary, ONGC Videsh Ltd. (OVL). Its operations are spread over Latin America, the Middle East and Africa, Asia-Pacific, and Europe. The headquarters of ONGC is in New Delhi, India.
- Bharat Petroleum Corporation Ltd.
Bharat Petroleum Corp Ltd (BPCL) is an oil and gas conglomerate. It manufactures oil and natural gas, refines crude oil, and markets and distributes petroleum products. The firm is also interested in renewable energy. It manufactures oil products such as light distillates, medium distillates, and others. BPCL sells its goods through a retail network of stores, dealers, and distributors. Domestic and foreign airlines are also served by the firm. In India, it operates refineries in Maharashtra, Kerala, Assam, and Madhya Pradesh. MAK, Speed, and Bharatgas are some of the names under which the corporation sells its goods. The headquarters of BPCL is in Mumbai, Maharashtra, India.
- Gas Authority of India Ltd.
GAIL (India) Ltd (GAIL) is a gas firm that is vertically integrated. It is responsible for gas processing, transmission, and marketing; liquefied petroleum gas (LPG) transmission; LNG regasification; and petrochemical manufacturing and commercialization. The corporation is also involved in CNG and city gas delivery. GAIL has also expanded its operations to include oil and gas exploration and production, as well as solar and wind power generating. Through a network of owned pipes, the firm serves commercial, industrial, and residential consumers. It has operations in India, Singapore, and the United States. The firm is based in New Delhi, India.
- PowerGrid Corporation of India
Power Grid Corporation of India Limited is a power transmission firm responsible for the development, installation, operation, and maintenance of interstate transmission systems as well as the operation of national and regional load dispatch centers. Transmission and consultation are two of the company’s sectors. Extra high voltage/high voltage (EHV/HV) networks and grid management are part of the transmission sector. It also has EHV AC and HV DC substations. Planning, design, engineering, load dispatch, procurement management, operation and maintenance, finance, and project management are all part of the consultant segment.
- Bharat Heavy Electricals Ltd.
BHEL, founded in 1964, is one of India’s major engineering and manufacturing firms in the energy and infrastructure sectors, as well as a global leader in power equipment production. BHEL supports the economy’s major sectors, offering a diverse range of products, systems, and services to clients in power, transmission, transportation, renewables, water, defense & aerospace, oil & gas, and industry. Because of the scope and depth of its operations, vast expertise, qualified workforce, an innovative environment, a diversified product mix, and a focus on sustainable business solutions, BHEL has produced value for its stakeholders. The cornerstone of BHEL’s success is its highly talented and devoted team of over 34,000 workers.
- Mahanagar Telephone Nagar Limited
In Delhi and Mumbai, Mahanagar Telephone Nigam Limited operates a telecommunications firm that provides basic phone, Internet, and cellular mobile telephone services. The Company improves the quality of telecom services, grows the communication network, provides new services, and generates money to support Delhi and Mumbai’s telecom growth needs. The company offers a variety of communications services such as telephone, telex, wireless, data transmission, telematics, and other similar modes of communication (Internet). To maintain its market leadership in offering world-class Telecom and IT-related services at cheap costs, the firm is focusing all of its efforts in the same business sector, and MTNL aspires to become a worldwide player, as well as a Fortune 500 corporation.
Government authorities regulate the Government Company in charge of a certain task. These are often non-profit organizations founded using public funds. Any profit made by such enterprises is deposited in the government’s public fund. The government attempts to run these enterprises in accordance with the market, resulting in a thriving economy for the country. It is also critical for job creation and inspiring the general public to establish their own enterprises. Another sort of corporation founded by individuals without the assistance of a group is a sole proprietorship. The person is nonetheless legally liable for all of the activity of such entities.