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Public Sector Undertakings or Public Sector Enterprises in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or Joint venture between multiple Public Sector Enterprises.
public sector undertaking

Consequently, the public sector undertaking (PSU), also termed a public sector unit is essentially established to have enterprises under the government, either central, territorial, or state. These corporations, which are handled by the government, include Railways, Centers, defence Commissions, Banks, and others.