Will PSU's get privatized soon through Gate?

No, not all of them. Public Sector Undertakings were created for their special non-financial objectives and are registered under Section 8 of Companies Act, 2013 according to which a section-8 company can be established 'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object', provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Public Sector Undertakings (PSUs) can be classified as Public Sector Enterprises (PSEs), Central Public Sector Enterprises (CPSEs) and Public Sector Banks (PSBs). The Central Public Sector Enterprises (CPSEs) are also classified into 'strategic' and 'non-strategic'. Areas of strategic CPSEs are: Arms & Ammunition and the allied items of defense equipment's, defense air-crafts and warships - Atomic Energy (except in the areas related to the operation of nuclear power and applications of radiation and radio-isotopes to agriculture, medicine and non-strategic industries) - Railways transport. All other CPSEs are considered as non-strategic. Only non-performing, Non- Strategic companies will be sold off. There are 290 Central Public Sector Enterprises in India out of which 7 are Maharatnas, 17 Navratnas and 73 Miniratnas (Cat-I & II both). PSUs are among the largest and most profitable organizations in India. Of the total of 290 Central Public Sector Enterprises (CPSEs) and subsidiaries of CPSEs, only 50 are listed. 47 of these are listed at BSE, which constituted 11% of the total market capitalization of 5551 companies listed at BSE. In addition, 28 Public Sector Banks (PSBs) with their subsidiaries and 6 State Level Public Enterprises (SLPEs), accounted for another 1% of the total market capitalization at BSE. Thus, all PSUs together constituted 12.1% of the total market capitalization at BSE or Rs. 13.14 lakh crore. So, It should not be mistaken that all CPSEs will be privatized or sold off. With time and competition, Profit making became an extensive goal of these companies. Marred with high competition worldwide, economic reforms and accountability, many of these organizations started running out of projects and hence their profit dived. There was a crisis like scenario. Many Undertakings hit the bottom. Their losses compounded. Govt. infused money to make them alive. Some are being revived but those which are incapable of revival are being sold off. Only sick PSUs will be sold off. The criteria of 'sick PSUs' is that they must incur losses worth 50 per cent or more of their average net worth during past four financial years. There are as many as 65 sick PSUs in India which may be privatized or strategically closed. I hope this helps!!! Good Luck!!!