Public Enterprise as a concept is very vague. There is no nationally or internationally accepted definition of PE. It is each country's prerogative to draw the line between PE and other Government organisations and activities. The line may not be always logical or rational. Forexample, a large number of our ordnance factories are not considered as PEs, but the Bharat Dynamics Limited at Hyderabad, which supplies defence requirements like other ordnance factories, is treated as a PE because it is registered as a company under the Companies Act.
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