LIST OF MAHARATNA, NAVRATNA & MINIRATNA CPSEs

Public Sector Undertakings

Maharatna CPSEs

A company qualifying for the Maharatna- External website that opens in a new window status should have an average annual turnover of Rs 20,000 crore during the last three years against Rs 25,000 crore prescribed earlier. The average annual net worth of the company should be Rs 10,000 crore. The Maharatna status empowers mega CPSEs to expand their operations and emerge as global giants. The coveted status empowers the boards of firms to take investment decisions up to Rs 5,000 crore as against the present Rs 1,000 crore limit without seeking government approval. The Maharatna firms would now be free to decide on investments up to 15% of their net worth in a project, limited to an absolute ceiling of Rs 5,000 crore.

List of Maharatna CPSEs

  • Bharat Heavy Electricals Limited
  • Coal India Limited
  • GAIL (India) Limited
  • Indian Oil Corporation Limited
  • NTPC Limited
  • Oil & Natural Gas Corporation Limited
  • Steel Authority of India Limited

Navratna CPSEs

The Central Public Sector Enterprises (CPSEs) fulfilling the following criteria are eligible to be considered for grant of Navaratna- External website that opens in a new window status:

  • Having Schedule 'A' and Miniratna Category-1 status.
  • Having at least three 'Excellent' or 'Very Good' Memorandum of Understanding (MoU) ratings during the last five years.

The Government had introduced the Navratna scheme, in 1977, to identify Central Public Sector Enterprises (CPSEs) that had comparative advantages and to support them in their drive to become global giants.

The Navratna status empowers PSEs to invest up to Rs. 1000 crore or 15% of their net worth on a single project without seeking government approval. In a year, these companies can spend up to 30% of their net worth not exceeding Rs. 1000 cr. They also enjoy the freedom to enter joint ventures, form alliances and float subsidiaries abroad.

List of Navratna CPSEs

  • Bharat Electronics Limited
  • Bharat Petroleum Corporation Limited
  • Container Corporation of India Limited
  • Engineers India Limited
  • Hindustan Aeronautics Limited
  • Hindustan Petroleum Corporation Limited
  • Mahanagar Telephone Nigam Limited
  • National Aluminium Company Limited
  • National Buildings Construction Corporation Limited
  • NMDC Limited
  • Neyveli Lignite Corporation Limited
  • Oil India Limited
  • Power Finance Corporation Limited
  • Power Grid Corporation of India Limited
  • Rashtriya Ispat Nigam Limited
  • Rural Electrification Corporation Limited
  • Shipping Corporation of India Limited

Miniratna CPSEs

For Miniratna category I status, the CPSE should have made profit in the last three years continuously, the pre-tax profit should have been Rs. 30 crores or more in at least one of the three years and should have a positive net worth. For category II, the CPSE should have made profit for the last three years continuously and should have a positive net worth.

Miniratnas can enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. This designation applies to PSEs that have made profits continuously for the last three years or earned a net profit of Rs. 30 crore or more in one of the three years.

Miniratna Category-II CPSEs :Category II miniratnas have autonomy to incurring the capital expenditure without government approval up to Rs. 300 crore or up to 50% of their net worth whichever is lower.

LIST OF MINIRATNA CATEGORY - I CPSEs

  • Airports Authority of India
  • Antrix Corporation Limited
  • Balmer Lawrie & Co. Limited
  • Bharat Coking Coal Limited
  • Bharat Dynamics Limited
  • BEML Limited
  • Bharat Sanchar Nigam Limited
  • Bridge & Roof Company (India) Limited
  • Central Warehousing Corporation
  • Central Coalfields Limited
  • Chennai Petroleum Corporation Limited
  • Cochin Shipyard Limited
  • Dredging Corporation of India Limited
  • Kamarajar Port Limited
  • Garden Reach Shipbuilders & Engineers Limited
  • Goa Shipyard Limited
  • Hindustan Copper Limited
  • HLL Lifecare Limited
  • Hindustan Newsprint Limited
  • Hindustan Paper Corporation Limited
  • Housing & Urban Development Corporation Limited
  • India Tourism Development Corporation Limited
  • Indian Rare Earths Limited
  • Indian Railway Catering & Tourism Corporation Limited
  • Indian Renewable Energy Development Agency Limited
  • India Trade Promotion Organisation
  • IRCON International Limited
  • KIOCL Limited
  • Mazagaon Dock Limited
  • Mahanadi Coalfields Limited
  • Manganese Ore (India) Limited
  • Mangalore Refinery & Petrochemical Limited
  • Mishra Dhatu Nigam Limited
  • MMTC Limited
  • MSTC Limited
  • National Fertilizers Limited
  • National Seeds Corporation Limited
  • NHPC Limited
  • Northern Coalfields Limited
  • North Eastern Electric Power Corporation Limited
  • Numaligarh Refinery Limited
  • ONGC Videsh Limited
  • Pawan Hans Helicopters Limited
  • Projects & Development India Limited
  • Railtel Corporation of India Limited
  • Rail Vikas Nigam Limited
  • Rashtriya Chemicals & Fertilizers Limited
  • RITES Limited
  • SJVN Limited
  • Security Printing and Minting Corporation of India Limited
  • South Eastern Coalfields Limited
  • State Trading Corporation of India Limited
  • Telecommunications Consultants India Limited
  • THDC India Limited
  • Western Coalfields Limited
  • WAPCOS Limited

LIST OF MINIRATNA CATEGORY-II CPSEs

  • Bharat Pumps & Compressors Limited
  • Broadcast Engineering Consultants (I) Limited
  • Central Mine Planning & Design Institute Limited
  • Central Railside Warehouse Company Limited
  • Ed.CIL (India) Limited
  • Engineering Projects (India) Limited
  • FCI Aravali Gypsum & Minerals India Limited
  • Ferro Scrap Nigam Limited
  • HMT (International) Limited
  • HSCC (India) Limited
  • Indian Medicines & Pharmaceuticals Corporation Limited
  • M E C O N Limited
  • Mineral Exploration Corporation Limited
  • National Film Development Corporation Limited
  • National Small Industries Corporation Limited
  • P E C Limited
  • Rajasthan Electronics & Instruments Limited