Dun & Bradstreet Conducted 8th Edition of PSU Awards 2022

Dun and Bradstreet India presented 28 awards across various categories. This year, Dun & Bradstreet India also celebrated 20 companies that were incorporated before, or in the year 1947.

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Dun & Bradstreet, a leading global provider of business decisioning data and analytics, recognized the leading Public Sector Undertakings (PSUs) of India on September 29, 2022 at the 8th edition of ‘PSU Awards’.  The theme of the event was ‘Transforming the Public Sector for a Digital Future’.

Dun and Bradstreet India presented 28 awards across various categories. This year, Dun & Bradstreet India also celebrated 20 companies that were incorporated before, or in the year 1947. The winners were selected by Dun & Bradstreet’s propriety model, based on several parameters including total income, profitability, and net worth, amongst others. The full list of winners can be found below.

The event also marked the launch of Dun & Bradstreet India’s annual publication ‘India’s Top PSUs 2022’, which is an initiative to recognize the important role that PSUs play in nation-building. The 14th edition of the publication profiles Central Public Sector Enterprises (CPSEs) which are a part of the Department of Public Enterprises (DPE) list, scheduled commercial banks (SCBs) from the public sector, public sector insurance companies, public sector NBFCs/financial institutions and special government institutions incorporated under specific government acts.

Speaking at the event, Avinash Gupta, Managing Director & CEO – India, Dun & Bradstreet said, “India has 225 operating Central PSUs across the country with a total financial investment of approximately 22 trillion rupees as of March 2021. They have provided employment to at least 1.3 million people (as at December 2021) and account for approximately 6% of the total market capitalization of BSE. CPSEs have been at the forefront of initiatives such as the AatmaNirbhar Bharat Abhiyan for capacity building, greater sustainability & resilience. In fact, CPSEs procurement from local MSMEs stands at 25% of the total procurement for FY’21.”

“Over the years, the PSUs have taken the lead in adopting the ‘Digital First’ policy to review their business operations, simplify processes, and optimize workflows, in sync with the advanced technological intervention. Various PSUs have embarked on this journey years ago by implementing digital transformation across their value chain. They have used technology as enabler to ensure business continuity, as well as manage the health and well-being of their employees and their families during COVID-19, all while ensuring uninterrupted supply to customers,” added Gupta.

Full List of Winners, Dun & Bradstreet India ‘PSU Awards 2022’

Sr. No.SectorsAward Winner
1CoalMahanadi Coalfields Limited
2Contract & Construction and Tech. Consultancy ServicesRail Vikas Nigam Limited
3Crude OilOil and Natural Gas Corporation Limited
4FertilizersRashtriya Chemicals and Fertilizers Limited
5Financial ServicesREC Limited
6Heavy & Medium EngineeringHindustan Aeronautics Limited
7Other Minerals & MetalsNMDC Limited
8Petroleum (Refinery & Marketing)Bharat Petroleum Corporation Limited
9Power GenerationNTPC Limited
10Power TransmissionPower Grid Corporation of India Limited
11SteelSteel Authority of India Limited
12Chemicals & PharmaceuticalsBrahmaputra Cracker & Polymer Limited
13Telecommunication & Information TechnologyRailTel Corporation of India Limited
14Transport and Logistic ServicesGAIL (India) Limited
15BanksState Bank of India
16General InsuranceThe New India Assurance Company Limited
17Overall MaharatnaIndian Oil Corporation Limited
18Overall NavratnaREC Limited
19Overall MiniratnaIndian Railway Finance Corporation Limited
SPSUs Awards
20Power GenerationMaharashtra State Power Generation Company Limited
21Power TransmissionU.P. Power Corporation Limited
22CoalOdhisa Mining Corporation Limited
23Transport And Logistic ServicesGujarat Gas Limited
Theme Based Awards
24Corporate Social ResponsibilityOil and Natural Gas Corporation
25Environment and SustainabilityNational Fertilizer Limited
26Skilling / Re-skillingSmall Industries Development Bank of India
27Aatma Nirbhar BharatIRCON International Limited
28Digital TransformationHindustan Petroleum Corporation Limited (Joint Award Winner)
Garden Reach Shipbuilders & Engineers Limited (Joint Award Winner)
1Digital initiative for Labour Welfaree-Shram Portal (Ministry of Labour & Employment)
2Initiative for boosting ‘Make in India’Production Linked Incentive (Ministry of Finance)
3Global Initiative for Digital PaymentsNPCI International Payments Ltd (Ministry of Finance)
4Digital Initiative for Public Healthe-Hospital Application (Ministry of Electronics and Information Technology)
Milestone Felicitations for Amrit Mohatsav (for companies incorporated before or in the year 1947)
 1The Oriental Insurance Company Limited
 2UCO Bank
 3United India Insurance Company Limited
 4Indian Overseas Bank
 5Bank of Maharashtra
 6Mazagon Dock Shipbuilders Limited
 7Garden Reach Shipbuilders & Engineers Limited
 8Balmer Lawrie And Company Limited
 9Union Bank Of India
 10The New India Assurance Company Limited
 11Bridge & Roof Company (India) Limited
 12Andrew Yule & Company Limited
 13Central Bank of India
 14Bank of Baroda
 15Punjab & Sind Bank
 16Indian Bank
 17National Insurance Company Limited
 18Canara Bank
 19Bank of India
 20Punjab National Bank


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About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions in

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