List of blue chip stocks majority owned by the Government of India: In this article, we look at public sector companies in India, or publicly traded companies where the central and state governments have majority shares.
These stocks are categorized based on their most recent market capitalization rather than any specific financial aspect. Because these companies are majority-owned by the government, they are relatively stable in terms of market activity.
Note that PSU banks are not considered. PSU banks such as SBI, Bank of India, PNB and IOB also hold majority stakes in the government. However, the government also plans to privatize these PSU banks soon and reduce its stake. These companies are not included in this list.
So let’s start with a list of the top government-majority-owned stocks. Read on to find out.
Top 12 government-majority-owned stocks
Below is a ranking of the top government-majority-owned stocks based on current market capitalization and industry and business details.
1.ONGC
Oil and Natural Gas Corporate of India is an Indian oil exploration company with a market capitalization of 2,10,216 Cr. It is a government-owned crude oil and natural gas company. ONGC currently trades at a P/E of 4.97. Mahatna ONGC is India’s largest oil and gas company, contributing approximately 71% of India’s domestic production.
In addition, ONGC has subsidiaries such as Hindustan Petroleum, Mangalore Refinery and Petrochemicals, Imperial Energy Corporation.
2.NTPCs
NTPC (National Thermal Power Corporation Limited) is an Indian power generation and distribution company with a market capitalization of 1,74,006 Cr and currently trading at PE of 9.82. Government-owned and engaged in the power generation business and related activities.
3. Power grid
Powergrid Corporation of India is a power generation and distribution company with a market capitalization of 1,73,409 Cr. It is currently trading at a P/E of 11.10. This is the Government of India Electricity Board and is a public sector enterprise in Maharastra State owned by the GOI Ministry of Power.
4. Coal India
Coal India is a mine and mineral refinery based company with a market capitalization of Rs. 1,45,563 Cr is currently trading at a PER of 5.18. The company is also the world’s largest coal producer. It is owned by the Federal Government of India and managed by the Ministry of Coal. The company supplies up to 82% of India’s total coal production.
5. Bharat Oil
Bharat Petroleum Corporation Limited is also an Indian refinery-based company with a market capitalization of Rs 80,750 and currently trading at 0. The company is also owned by the Ministry of Oil and Natural Gas and has two of its largest refineries in Kochi. and Mumbai.
6. Indian oil
Indian Petroleum Corporation (IOCL) is an Indian refinery company with a market capitalization of 1,18,604 Cr and currently trading at a PER of 19.29. It is owned by the Ministry of Oil and Natural Gas. India Oil is a Fortune 500 company and retains the top spot as India’s highest ranked PSU on the 2021 Fortune 500 list. We have over 32,000 fuel stations (petrol pumps) across India.
7. Gale
Gail is an Indian natural gas and transmission company with a market capitalization of 71,832 Cr and a PE currently trading at 8.52. Owned by the Department of Petroleum and Natural Gas (GOI). Responsible for processing and distribution of natural gas in India.
8. Concor
Container Corporation of India (CONCOR) is an Indian container and logistics based company with a market cap of 39,095 Cr, currently trading at PE 33.93. This is a public sector undertaking managed by the Ministry of Railways of India.
The company was founded in 1966 for the purpose of containerizing freight shipments. Concor’s core businesses include freight forwarders, terminal operators, warehouse operators and MMLP operations.
9. Hindustan Oil
Hindustan Petroleum Corporation Limited (HPCL) is an Indian refinery-based company with a market capitalization of 36,662 Cr and PE currently trading at 4.53. HPCL was founded in 1974 by him. HPCL is India’s second largest oil pipeline network with a network length of 3,775 km. The company has an 18% market share in India and a strong presence in the refining and marketing of petroleum products in the country.
10. Power Finance Co., Ltd.
Power Finance Corporation Ltd is committed to financial support to the Indian power sector. It has a market cap of 43,455Cr and is currently trading at a PER of 3.01. The company is a systemically important non-deposit-taking HIS NBFC registered with the RBI as an Infrastructure Finance Company.
11.NMDC
National Mineral Development Corporation (NMDC) is an iron ore company serving the mining and minerals industry. NMDC has a market cap of 31,665 Cr and is currently trading at PE at 6.16. It is under the control of the Ministry of Steel.
12. IRCTC
Indian Railway Catering & Tourism Corporation Ltd was established in 1999 as an expansion arm of Indian Railways to upgrade, specialize and manage catering and hospitality services at stations, on trains and elsewhere to promote domestic and international tourism. Established on September 27th. It has a market cap of 50,112Cr and is currently trading at a P/E of 53.26.
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In this article, we examined the top stocks in which the Indian government has a majority stake. Besides the stocks mentioned above, there are many other stocks in which the government has major stakes such as BHEL, Oil India, HAL, IRCTC, NALCO, NHPC, Hindustan Zinc, NBCC and SJVN.
That’s it for this post. Comment your favorite stocks in the comments section below in this list of blue chip stocks that are majority-owned by the Government of India. Have a great day and a happy investment.
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Kritesh (tweet here) founder and CEO. Trade Brains and FinGrad. He is an NSE Certified Equity Fundamentals Analyst and has over 7 years of experience in stock market investing. Kritesh writes frequently on stock market investments and his IPOs, and publishes his personal insights on the market.
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