New Delhi: There was a time when PSUs were viewed as legacy institutions burdened by inefficiencies and perceived as ‘white elephants.’ Over the past decade under the Modi government, PSUs have evolved into dynamic engines of India’s economic growth and self-reliance. As the Prime Minister noted last year during his reply to the Motion of Thanks on the President’s Address in Rajya Sabha: “People’s trust in the PSUs has increased in the last 10 years, and so has their performance”
The results speak for themselves. The combined net worth of PSUs has surged from ₹9.5 lakh crore to more than ₹17 lakh crore in the last decade. This sustained growth trajectory, set in motion in 2014, continues to play a vital role in nation-building.
A recent example is the National Aluminium Company Limited (NALCO) achieved its highest-ever financial performance since inception, a historic milestone reflecting the new energy and purpose driving India’s Public Sector Undertakings (PSUs).
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Echoing this success, Hindustan Copper Limited (HCL) has also registered its highest-ever net profit since inception in FY 2024-25, demonstrating robust performance in India’s mining and metal sector. This achievement underlines the resurgence and renewed potential of India’s strategic resource sector PSUs.
These milestones symbolise a strong, self-reliant, and globally competitive India. They are a testament to the power of policy-driven governance, strategic reforms, and the reinvigorated spirit of accountability and innovation within our public enterprises.
Under the aegis of Atmanirbhar Bharat, India’s PSUs are being revitalised, infused with technology, efficiency, and purpose. They now stand as torchbearers of our development journey towards Viksit Bharat 2047.
Congratulations to the teams of NALCO, HCL for their exceptional performance and commitment to excellence. India’s future shines brighter with such stellar institutions at its helm.
