List of Corporations in India
List of Corporations in India
List of Corporations in India
Air India: Air India Limited was formed as a public limited company on July 29, 1946, and looked over Tata Airlines with all its aircraft, equipment, engineering facilities, trained personnel, etc. The Government decided on complete nationalization and in March 1953, the Air Corporation Act was passed and Air India International Limited was nationalized as a public sector corporation from August 1, 1953. The corporation operates air services on five continents. India has a bilateral air services agreement with 90 countries.
List of Corporations in India
Coal India Limited: Coal India Limited is a holding company with the responsibility for the management of the entire coal mines owned by the Central Government. It was set up in the year 1975, for better management and administrative control. The company continued to hold seven fully owned subsidiary companies.
Credit Guarantee Corporation: The Credit Guarantee Corporation of India was set up in January 1971, to operate a scheme of credit guarantees to encourage the banks to undertake financing of small borrowers on a much larger scale without excessive risks. It merged with Deposit Insurance Corporation in May 1978.
Film Finance Corporation: The Government of India set up the Film Finance Corporation in the year 1960. Its main objective is to raise the standard of films in the country and help in the development of Indian cinema in every possible way. To do so, it advances finance for the production of quality films, imports films from the international market and sponsors film festivals and film week.
Food Corporation of India (FCI): FCI, the sole agency of the Central Government for procurement, import, distribution, storage, movement and sale of foodgrains, was established in the year 1965. It also performs other diversified activities such as rice milling, production of nutritious processed food etc.
General Insurance Corporation of India: In Pursuance of the Insurance Business (Nationalisation) Act, the General Insurance Corporation of India was registered as a government company on November 22, 1972, for the purpose of superintending, controlling and carrying on general insurance business.
List of Corporations in India
Hindustan Petroleum Corporation Limited: The Government of India acquired the undertaking of EESO Eastern Inc. in India on March 1974, and vested the same in Hindustan Petroleum Corporation Limited, and subsequently amalgamated Lube India Limited with it on July 14, 1974. The Corporation has two refineries situated at Mumbai and Visakhapatnam.
India Tourism Development Corporation: India Tourism Development Corporation is the only multi-unit undertaking for the country. It was established in the year 1966. It looks after the construction and management of hotels, motels, travelers’ lodges, provision of transport facilities for tourists, provision of entertainment and management of ‘duty-free’ shops at international airports.
Indian Airlines Corporation: Indian Airlines Corporation was formed in 1953, by an Act of Parliament by nationalizing eight scheduled airlines. The main activity of the corporation is to provide safe, efficient, adequate, economical and properly coordinated passenger, freight and mail transportation of the internal network in the country and 14 countries. Its operations cover 72 destinations including 16 abroad.
Indian Oil Corporation: The Corporation was established on September 1, 1964, with the merger of Indian Refineries Limited and Indian Oil Company Limited. The Corporation has three divisions, viz, (i) Refineries and Pipelines, (ii) Marketing, (iii) Assam Oil. It has six refineries, viz. Guwahati Refinery, Barauni Refinery, Koyali Refinery, Haldia Refinery, Mathura Refinery and Digboi Refinery.
List of Corporations in India
Industrial Credit and Investment Corporation of India (ICICI): It was established in 1955 as a public undertaking to encourage and assist industrial organizations in India. It is a privately owned and privately managed joint-stock company which was essentially designed to mobilize international finance to develop and extend private enterprise in the country.
Life Insurance Corporation of India (LIC): The Life Insurance Corporation of India is the sole public sector undertaking engaged in the business of life insurance, prior to the establishment of LIC, there were over three hundred Indian, as well as Foreign Companies, engaged in the life insurance business in the country. All these companies were nationalized with effect from September 1, 1956, and the Life Insurance Corporation was set up to take over the assets and liabilities of the erstwhile life insurance companies and to exclusively carry on the life insurance business of India.
List of Corporations in India
The central office of the Corporation is in Mumbai and it has seven zonal offices in Kolkata, Chennai, Delhi, Hyderabad, Kanpur, Bhopal and Mumbai. It has also offices abroad viz, U.K., Fiji and Mauritius.
National Hydroelectricity power Corporation: It was incorporated as a company under the Companies Act, 1956 on November 7, 1975, and the Corporation started effective functioning from June 1, 1976. The main objectives of the corporation are:
(a) to plan, promote and organize an integrated and efficient development of hydroelectric power in all its aspects.
(b) to undertake, where necessary, the construction of inter-state transmission lines and ancillary works for timely and coordinated inter-state exchange of power.
List of Corporations in India
National Industrial Development Corporation (NIDC): The National Industrial Development Council was set up for the rehabilitation and modernization of cotton textiles and jute industries and for the expansion of machine tools units. It is now providing engineering consultancy services both at home and abroad.
National Minorities Development and Finance Corporation (NMDFC): NMDFC was set up in September 1994 to assist weaker sections among minorities. It provides the critical input for prosperity, i.e. finance, for setting up self-employment ventures for the ‘backward sectors’ of the minorities. It gives loans through state Minorities Development Corporations/ State Channelising Agencies nominated by the State Government/ Union Territory Administrations.
List of Corporations in India
National Thermal Power Corporation (NTPC): National Thermal Power Corporation was constituted as a generating company in November 1975 for the purpose of construction, operation and maintenance of super thermal power stations and associated EHV transmission lines.
Oil India Limited (OIL): Oil India Limited (OIL), a public sector enterprise, is engaged in the exploration, production, and transportation image of Indian Oil is missing of crude oil from Assam and Arunachal Pradesh to the refineries of North-East India.
List of Corporations in India
Oil and Natural Gas Corporation (ONGC): The oil and Natural Gas Directorate set up in 1956 under the Government of India was converted later on October 15, 1956, into ‘Oil and Natural Gas Commission, by an Act of Parliament with headquarters at Dehradun and project/units all over the country. Its main objectives are exploring and transporting of crude oil and gas so as to achieve self-sufficiency. In 1993, the ONGC was converted into a public limited company under the Companies Act and named as the Oil and Natural Gas Corporation.
List of Corporations in India
Steel Authority of India Limited (SAIL): It was established as a holding company for the management of public sector steel plants. The steel-producing units under the ownership and management of the SAIL are the Bhilai Steel plant, Durgapur Steel Plant, Rourkela Steel Plant, Bokaro Steel Plant and the Indian Iron and Steel Company. The SAIL has also one Alloy Steel Plant at Durgapur under it. Salem Steel Plant in Tamil Nadu is the latest plant under the Steel Authority of India.
Unit Trust of India (UTI): UTI was established in 1963 by an Act of Parliament as a public sector investment institution for mobilising the savings of the community and for providing to the investors, particularly small and middle-income groups, a medium of investment in industrial securities. It has now been restructured into 2 companies.
List of Corporations in India
Vayudoot Limited: Vayudoot was registered as a private limited company under the Companies Act, 1956 on January 20, 1981, and converted into a public limited company on February 17, 1983. The company was formed as the third-level feeder airline to operate its services in regions having difficult geographical terrains, slow means of transportation, and poor communication facilities. 0 0 0
List of Corporations in India
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