In India a Public Sector Undertaking (PSU) is a government-owned corporation. These companies are owned by the federal Government of India, or one of the many state or territorial governments, or both. The company equity needs to be majority owned by the government to be a PSU. An alternative title for a PSU is aPublic Sector Enterprise, where federally owned PSUs are termed Central PublicSector Enterprises (CPSEs) and are administered by the Ministry of Heavy Industries and Public Enterprises.
Public Sector undertaking (PSU) is a Government owned corporation or a company in which Central or State Government have more than 51% share. Basically these Government companies run like private companies and share profits to Government. A career with PSU requires, a strong and in-depth technical knowledge and understanding of core engineering Principals. GATE is one such exam, where ones technical and general aptitude is tested. Today, more than 2000 jobs are available for a fresh graduate in engineering in major PSUs in India. The list includes IOCL BHEL, NTPC, BPCL, CEL Power Grid and likes.
All these Public sector companies recruit Engineer Trainee (ET) based on the GATE scores. Initially they would shortlist candidates based on GATE scores and then the process is followed by GD and Interview for assessment of different facets of knowledge.