India’s Top PSUs 2022

21 As an outcome of implementation of the new PSE Policy, the strategic transfer of ownership of Air India has been completed. The strategic partner for Neelanchal Ispat Nigam Ltd (NINL) has been selected. The Initial Public Offer (IPO) of Life Insurance Corporation (LIC) was offered in May 2022 wherein government sold 3.5% stake in LIC through the IPO II. Revised MoU Framework (FY22 & onwards): All CPSUs are required to sign an MoU with their administrative ministries/ departments under which CPSUs are assigned targets and their performance is evaluated at the end of the year against the targets. From FY22 and onwards, the revised framework for MoU systemusing an online dashboard for the target setting and performance evaluation of CPSUs has been laid out. In FY21, the MoU rating data of CPSUs reveal that the performance of CPSUs has remained stable as compared to FY20. Only 10% of the total operating CPSUs have received ‘Poor’ rating in FY21, which is the lowest between FY17 and FY21. Performance rating of CPSUs during FY2017 to FY2021 25 26 29 18 18 27 22 26 24 33 20 19 21 23 22 16 21 11 18 17 12 11 13 17 10 FY17 FY18 FY19 FY20 FY21 Excellent Very Good Good Fair Poor Data pertains to percentage of CPSUs receiving the particular rating Source: Public Enterprises Survey 2020-21, Dun & Bradstreet Research Dun & Bradstreet