Subject : Latest List of Maharatna, Navaratna, Miniratna CPSEs.
A CPSE called as Central Public Sector Enterprises which was given a limited at last and have more than 51% of direct hold Government share , is treated as a Public Sector Enterprise, which are listed in the Indian Stock exchanges.There are three categories dived among the CPSEs, they are Maharatna, Navaratna, Miniratna ( Category-I, Category-II ). They were classified among there investment and growth and many more aspects in which they will be allocated the freedom for themselves in Placements and any of government policies.
Maharatna Status :
In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project; the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. These can be given at Central Public Sector Enterprises all over the country.
Eligibility for having Maharatna Status :
Navratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navratna status has been raised to 14.
Eligibility for having Navaratna Status :
Net Profit to Net Worth
Manpower cost to cost of production or services
Gross margin as capital employed
Gross profit as Turnover
Earnings per Share
Inter-Sectoral comparison based on Net profit to net worth
List of Navratna CPSEs :
There are two categories in the miniratna category, In order to make the public sector undertaking more competitive and efficient as a policy objective, it was decided by the government to allow increased autonomy and transferring of power to the profitable enterprises.Thus the government created another category called Miniratna. Miniratnas can also enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. In 2002, there were 41 government enterprises that were awarded Miniratna status.
Category I :
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. These miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs. 500 crore or equal to their net worth, whichever is lower.
Category II :
This category include those PSEs which have made profits for the last three years continuously and should have a positive net worth. 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.
Miniratna Category - I CPSEs :
A CPSE called as Central Public Sector Enterprises which was given a limited at last and have more than 51% of direct hold Government share , is treated as a Public Sector Enterprise, which are listed in the Indian Stock exchanges.There are three categories dived among the CPSEs, they are Maharatna, Navaratna, Miniratna ( Category-I, Category-II ). They were classified among there investment and growth and many more aspects in which they will be allocated the freedom for themselves in Placements and any of government policies.
Maharatna Status :
In 2009, the government established the Maharatna status, which raises a company's investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. The Maharatna firms can now decide on investments of up to 15 per cent of their net worth in a project; the Navaratna companies could invest up to Rs 1,000 crore without explicit government approval. These can be given at Central Public Sector Enterprises all over the country.
Eligibility for having Maharatna Status :
- Having Navratna status.
- Listed on Indian Stock Exchange with minimum prescribed public shareholding under SEBI regulations.
- An average annual turnover of more than Rs. 20,000 crore during the last 3 years. Earlier it was Rs 25,000 Crore.
- An average annual net worth of more than Rs. 10,000 crore during the last 3 years. Earlier it was Rs. 15,000 crore.
- An average annual net profit after tax of more than Rs. 2500 crore during the last 3 years. Earlier it was Rs. 5000 crore.
- Should have significant global presence/international operations.
- Bharat Heavy Electricals Limited
- GAIL (India) Limited
- Indian Oil Corporation Limited
- NTPC Limited
- Oil & Natural Gas Corporation Limited
- Steel Authority of India Limited
- Coal India Limited (Recently Given).
Navratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as having comparative advantages, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navratna status has been raised to 14.
Eligibility for having Navaratna Status :
- Having Schedule ‘A’ and Miniratna Category-1 status.
- Having atleast three ‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) ratings during the last five years.
- Having a composite score of 60 or above out of 100 marks based on its performance during the last three years on the following six identified efficiency parameters.
Net Profit to Net Worth
Manpower cost to cost of production or services
Gross margin as capital employed
Gross profit as Turnover
Earnings per Share
Inter-Sectoral comparison based on Net profit to net worth
List of Navratna CPSEs :
- Bharat Electronics Limited
- Bharat Petroleum Corporation Limited
- Hindustan Aeronautics Limited
- Hindustan Petroleum Corporation Limited
- Mahanagar Telephone Nigam Limited
- National Aluminium Company Limited
- National Mineral Development 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
- Neyveli Lignite Corporation Limited ( Recently Given ).
There are two categories in the miniratna category, In order to make the public sector undertaking more competitive and efficient as a policy objective, it was decided by the government to allow increased autonomy and transferring of power to the profitable enterprises.Thus the government created another category called Miniratna. Miniratnas can also enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. In 2002, there were 41 government enterprises that were awarded Miniratna status.
Category I :
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. These miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs. 500 crore or equal to their net worth, whichever is lower.
Category II :
This category include those PSEs which have made profits for the last three years continuously and should have a positive net worth. 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.
Miniratna Category - I CPSEs :
- Airports Authority of India
- Antrix Corporation Limited
- Balmer Lawrie & Co. 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
- Container Corporation of India Limited
- Dredging Corporation of India Limited
- Engineers India Limited
- Ennore 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 Railway Catering & Tourism Corporation Limited
- 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
- 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
- Bharat Pumps & Compressors Limited
- Broadcast Engineering Consultants (I) Limited
- Central Mine Planning & Design Institute 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
- India Trade Promotion Organisation
- Indian Medicines & Pharmaceuticals Corporation Limited
- M E C O N Limited
- National Film Development Corporation Limited
- National Small Industries Corporation Limited
- P E C Limited
- Rajasthan Electronics & Instruments Limited
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