Last Updated: 5th August, 2017
Every thing you want to know about Maharatna PSU
Job in PSU is what mainly student of Core branch dream of and in above of that Job in MAHARATNA, best can happen with them. So in this post we are going to discuss about only Maharatna company. About there selection process, salary and other details.
What make a company eligible for Maharatna Category
Any Public sector undertaking PSU Company that is already in the Navratna Status and meets the following additional conditions can be categorized as the most elusive Maharatna Company…
- Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations
- An average annual turnover of more than Rs. 20,000 crore during the last three years
- An average annual net worth of more than Rs.10,000 crore during the last three years
- An average annual net profit of more than Rs. 2,500 crore during the last 3 years
The performance of Maharatna would be reviewed annually by the Inter-Ministerial Committee, and thereafter by the Apex Committee headed by the Cabinet Secretary which will recommend continuation/divestment of Maharatna status.
There are 7 Company in MAHARATNA Category (as on 26 June, 2014)
- Bharat Heavy Electricals Limited
- Coal India Limited
- GAIL (India) Limited
- Indian Oil Corporation Limited
- NTPC Limited
- Oil & Natural Gas Corporation Limited
- Steel Authority of India Limited
1. Bharat Heavy Electricals Limited
SELECTION PROCESS: Selection process is comprise of GATE Marks (out of 100) of the candidates in the concerned discipline & performance in Interview
- The candidates is shortlisted for interview on the basis of GATE marks (out of 100) in order of merit in the ratio of 1:3 to the number of vacancies in each discipline and category. For Physically Challenged candidates, relaxation of 50% below the cut-off marks will be provided in their respective categories for being shortlisted for interview.
- Final selection panels is prepared by assigning a weight-age of 75% for GATE marks (marks out of 100) and 25% to Interview marks.
Applicant joining BHEL as Engineer Trainees will undergo training for one year. During training period, basic pay of Rs 20600/- in the scale of pay of Rs 20600-46500/- will be paid. After successful completion of training, the trainees will be absorbed as Engineers in the scale of pay of Rs 24900-50500/- with a basic pay of Rs 24900/-
2. Coal India Limited
Selection Process: Based on the GATE score candidates is short-listed for Group Discussion and/or Personal Interview.
Compensation / pay: Selected candidates will be placed as Management Trainee in E2 grade in the scale of pay of Rs. 20,600 – 46,500/- at the initial Basic of Rs.20,600/- during the first year (Training period). On successful Completion of Training they will be posted as E3 grade in the scale of pay of Rs. 24,900 – 50,500/- plus other perks.
Click here to know about Coal India recruitment process in Detail
3. GAIL (India) Limited
SELECTION PROCESS: Based on the GATE score and requirement, candidates is short-listed for Group Discussion and/or Personal Interview for the position of Executive Trainees in the above disciplines.
SALARY: Selected candidates will be placed in the pay scale of Rs.24900 – 50500/- at the Basic Pay of Rs.24900/- during one year training cum probation as Executive Trainee in E-2 grade. On successful completion of their Training cum Probation Period, they will be absorbed in the same Pay Scale of Rs.24900 – 50500/- in E-2 grade.
4. Indian Oil Corporation Limited
SELECTION PROCESS: Candidates would be short-listed for Group Discussion & Group Task and Personal Interviews based on their scores in Graduate Aptitude Test in Engineers (GATE) in the concerned disciplines.
SALARY: The Cost-to-Company (CTC), will be about Rs 12.00 lakhs per annum inclusive of performance related pay (PRP). The actual CTC will vary depending on place of posting, financial performance of the Corporation and also performance rating of individual.
5. NTPC Limited
Selection Process: Eligible candidates will have to appear for Graduate Aptitude Test in Engineering (GATE). Based on the GATE MARKS and requirement, candidates is short listed for Group Discussion and Personal Interview. Candidates need to secure minimum qualifying marks in GD & Interview, before being considered in the merit list.
SALARY: NTPC Ltd. offers one of the best pay packages in the industry. Selected candidates will be placed in the pay scale of Rs. 24900-3%-50500 at the basic pay of Rs. 24900/- during one-year training. These candidates will be absorbed after successful completion of training as Assistant Manager in the pay scale of Rs. 24900-3%-50500 at a basic pay of Rs. 25650/-
6. Oil & Natural Gas Corporation Limited
SELECTION PROCESS: Based on the GATE score and candidates is short-listed for Group Discussion and/or Personal Interview.
SALARY: The pay scale is in the grade of~ 24,900 – 50,500/- with an increment of 3% per year. Besides Basic Pay, the employee is entitled to· Allowance @47% of Basic Pay under Cafeteria Approach· Dearness Allowance· HRA / Company Accommodation· Mining Allowance· Contributory Provident Fund ·Conveyance Maintenance· Substantial Performance Related Pay (PRP) ·Medical Facility for self and dependents· Gratuity· Self Contributory Post Retirement Benefit Scheme and Composite Social Security Scheme as per Company rules.
7. Steel Authority of India Limited
SELECTION PROCESS: Eligible candidates is required to appear for a Written Examination conducted by company on it own, information for which is provided in the Admit card. Candidates shortlisted on the basis of their performance in the Written Test is intimated to appear for Group Discussion and Interview.
SALARY: The CTC is around Rs. 7.5 lakhs p.a.
SCHEDULE: From DEC to MAY, Date of written examination of SAIL 2014 was 23-03-2014
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