Maharatna,Navratna companies of india

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    Navratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as its most prestigious, which allowed them greater autonomy to compete in the global market.The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil India Limited.

    PSU companies are divided into three categories:

    Maharatna
    Navratna
    Miniratna CPSEs
    Category I
    Category I

    Historical symbolism

    Originally, the term Navaratna meant a talisman or ornament composed of nine precious gems. Later, this symbology was adopted in the courts of Emperor Vikramaditya and the Mughal emperor Akbar, where the Navaratnas were a group of nine extraordinary men in their respective courts.
    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 would now be free to decide on investments up to 15 per cent of their net worth in a project.

    Earlier, the Navaratna companies could invest up to Rs 1,000 crore without government approvals.
    Criteria

    In order to qualify as a Maharatna, the process is bottoms up. This means the lowest employee should be proud of his/her company and contribute to the same according to the global standards. The 6 point criteria for eligibility as Maharatna are:

    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.

    List of Maharatna

    Coal India Limited
    Indian Oil Corporation Limited
    NTPC Limited
    Oil and Natural Gas Corporation Limited
    Steel Authority of India Limited

    Navratna status

    Navratna was the title given originally to nine Public Sector Enterprises (PSEs), identified by the Government of India in 1997 as its most prestigious, which allowed them greater autonomy to compete in the global market. The number of PSEs having Navratna status has been raised to 16, the most recent addition being Neyveli Lignite Ltd .


    List of Navratna CPSEs

    Bharat Electronics Limited
    Bharat Heavy Electricals Limited
    Bharat Petroleum Corporation Limited
    GAIL (India) Limited
    Hindustan Aeronautics Limited
    Hindustan Petroleum Corporation Limited
    Mahanagar Telephone Nigam Limited
    National Aluminium Company Limited
    National Mineral Development Corporation Limited
    Neyveli Lignite Corporation Limited
    Oil India Limited
    Power Finance Corporation Limited
    Power Grid Corporation of India Limited
    Rashtriya Ispat Nigam Limited (Vizag Steel)
    Rural Electrification Corporation Limited
    Shipping Corporation of India Limited

    Miniratna Status

    In addition, 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 61 government enterprises that were awarded Miniratna status. However, at present, there are 63 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.

    Airports Authority of India
    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 and Urban Development Corporation
    India Tourism Development Corporation
    Indian Railway Catering and Tourism Corporation
    IRCON International
    Kudremukh Iron Ore Company Ltd.
    Mazagon Dock Limited
    Mahanadi Coalfields Limited
    MOIL Limited
    Mangalore Refinery and Petrochemicals Limited
    Mishra Dhatu Nigam
    Minerals and Metals Trading Corporation of India
    MSTC Limited



    National Fertilizers Limited
    National Seeds Corporation
    Pawan Hans Helicopters
    NHPC Limited
    Northern Coalfields Limited
    Numaligarh Refinery Limited
    Rashtriya Chemicals & Fertilizers Limited
    Satluj Jal Vidyut Nigam
    Security Printing and Minting Corporation of India Limited
    South Eastern Coalfields Limited
    State Trading Corporation of India Limited
    Tehri Hydro Development Corporation Limited
    Telecommunications Consultants (India) Limited
    Western Coalfields Limited
    Water & Power Consultancy (India) Limited

    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. 250 crore or up to 50% of their net worth whichever is lower.

    50. Bharat Pumps & Compressors

    51. Broadcast Engineering Consultants (I) Limited

    52. Central Mine Planning & Design Institute Limited

    53. Educational Consultants (I) Limited

    54. Engineering Projects (I) Limited

    55. Ferro Scrap Nigam Limited

    56. HMT (International) Limited

    57. HSCC (India) Limited

    58. India Trade Promotion Organization

    59. Indian Medicines Pharmaceuticals Corporation Limited

    60. M E C O N Limited

    61. National Film Development Corporation Limited

    62. P E C Limited

    63. Rajasthan Electronics & Instruments Limited