These companies are owned by the union government of India, or one of the many state or territorial governments, or both. The company stock needs to be majority-owned by the government to be a PSUs. PSUs may be classified as Central Public Sector Enterprises (CPSEs), public sector banks (PSBs) or State Level Public Enterprises (SLPEs). As on 30 September 2015 there are 7 Maharatnas, 17 Navratnas and 73 Miniratnas.[12] There are nearly 300 CPSEs in total.
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