Maharatna,
Navratna & Miniratna CPSEs In India
Public Sector
undertakings (PSUs) or CPSEs are mainly divided in Maharatna, Navratna,
Miniratna Category I & II on the basis of their financial performance, net
worth, revenue, profit etc. Guidelines for the criteria are issued by
Department of Public Enterprises which is a nodal department for all CPSEs.
As on 13 September 2017
there are 8 Maharatnas, 16 Navratnas and 74 Miniratnas.There are nearly 300
CPSEs(central public sector enterprises) in total.
Eligibility criteria
for MAHARATNA:
The CPSEs fulfilling the
following criteria are eligible to be considered for grant of Maharatna status.
(i) Having Navratna status.
(ii) Listed on Indian
stock exchange with minimum prescribed public shareholding under SEBI
regulations.
(iii) Average annual
turnover of more than Rs. 25,000 crore, during the last 3 years.
(iv) Average annual net
worth of more than Rs. 15,000 crore, during the last 3 years.
(v) Average annual net
profit after tax of more than Rs. 5,000 crore, during the last 3 years.
(vi) Should have
significant global presence/international operations.
List of MAHARATNA
CPSES
S. No
|
Organisation
|
Headquaters
|
1
|
National Thermal Power Corporation(NTPC)
|
New Delhi
|
2
|
Oil and Natural Gas Corporation(ONGC)
|
Uttarakhand
|
3
|
Steel Authority of India Limited(SAIL)
|
New Delhi
|
4
|
Bharat Heavy Electricals Limited(BHEL)
|
New Delhi
|
5
|
Indian Oil Corporation Limited(IOCL)
|
New Delhi
|
6
|
Coal India Limited(CIL)
|
Kolkata
|
7
|
Gas Authority of India Limited(GAIL)
|
New Delhi
|
8
|
Bharat Petroleum Corporation Limited(BPCL)
|
Mumbai
|
Eligibility criteria
for NAVRATNA:
- The company must have ‘Miniratna
Category – I‘ status along with a Schedule ‘A’ listing.
- It should have at least 3
‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) during the
last five years.
- Along with the above, it should
also have a composite score of 60 or above out of possible 100 marks in
the 6 selected performance parameters:-
1. Net Profit to Net Worth (Maximum: 25)
2. Manpower cost to cost of production
or services (Maximum: 15)
3. Gross margin as capital employed
(Maximum: 15)
4. Gross profit as Turnover (Maximum:
15)
5. Earnings per Share (Maximum: 10)
6. Inter-Sectoral comparison based on
Net profit to net worth (Maximum: 20)
List of NAVRATNAS
CPSES
S. No
|
Organisation
|
Headquaters
|
1
|
Bharat Electronics Limited (BEL)
|
Bengaluru
|
2
|
Container Corporation of India (CONCOR)
|
New Delhi
|
3
|
Engineers India Limited (EIL)
|
New Delhi
|
4
|
Hindustan Aeronautics Limited (HAL)
|
Bengaluru
|
5
|
Hindustan Petroleum Corporation Limited (HPCL)
|
Mumbai
|
6
|
Mahanagar Telephone Nigam Limited
(MTNL)
|
New Delhi
|
7
|
National Aluminium Company (NALCO)
|
Bhubaneswar
|
8
|
National Buildings Construction Corporation (NBCC)
|
New Delhi
|
9
|
National Mineral Development Corporation (NMDC)
|
Hyderabad
|
10
|
Neyveli Lignite Corporation
|
Chennai
|
11
|
Oil India Limited (OIL)
|
Duliajan , Assam
|
12
|
Power Finance Corporation
|
New Delhi
|
13
|
Power Grid Corporation of India Limited
|
Gurgaon
|
14
|
Rashtriya Ispat Nigam Limited
|
Visakhapatnam
|
15
|
Rural Electrification Corporation
|
New Delhi
|
16
|
Shipping Corporation of India (SCI)
|
Mumbai
|
Eligibility criteria
for giving MINIRATNA STATUS:
Those CPSEs that have
shown profits in the last continuous three years and have positive
net worth, can be considered eligible for grant of Miniratna
status. Presently, there are 74 Miniratnas in total.
Generally, questions are not asked from these companies owing to their sheer
number. But noteworthy is their categorisation. The Miniratnas are divided in
two catergories – I and II.
Category I: These have made profits
for the last three years continuously or earned a net profit of Rs. 30
crore or more in one of these three years. There are 59 such companies.
Category II : These companies have made
profits continuously for the last three years and must have a positive net
worth. There are 15 such companies in this category.
