About Maharatna ,Navratna, Miniratna CPSEs

Wednesday, October 03, 2012  webmaster   Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants". 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:

MaharatnaNavratnaMiniratna CPSEs
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. BHEL is elegible for maharatna status and also apply for the same.
 

    Coal India Limited     Indian Oil Corporation Limited    NTPC Limited    Oil and Natural Gas Corporation Limited     [SAIL] 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 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 16, The government is likely to accord the coveted status to [mishra dhati nigam limited], which is under consideration.
List of Navratna    Bharat Heavy Electricals Limited    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    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    GAIL (India) LimitedMiniratna 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 68 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.
    Projects & Development India limited    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 and Urban Development Corporation    India Tourism Development Corporation    Indian Railway Catering and Tourism Corporation    IRCON International Limited    Kudremukh Iron Ore Company Limited.    Mazagaon Dock Limited    Mahanadi Coalfields Limited    Manganese Ore (India) Limited    Mangalore Refinery and Petrochemicals Limited    Mishra Dhatu Nigam Limited    Minerals and Metals Trading Corporation of India    MSTC Limited    National Fertilizers Limited    National Seeds Corporation Limited    NHPC Limited    Northern Coalfields Limited    Numaligarh Refinery Limited    ONGC Videsh Limited    Pawan Hans Helicopters    Rashtriya Chemicals & Fertilizers Limited    RITES 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    RailTel Corporation of India Ltd.
===Category 53. Broadcast Engineering Consultants (I) Limited 54. Central Mine Planning & Design Institute Limited 55. Ed.CIL (India) Limited 56. Engineering Projects (India) Limited 57. FCI Aravali Gypsum & Minerals India Limited 58. Ferro Scrap Nigam Limited 59. HMT (International) Limited 60. HSCC (India) Limited 61. India Trade Promotion Organisation 62. Indian Medicines & Pharmaceuticals Corporation Limited 63. M E C O N Limited 64. National Film Development Corporation Limited 65. National Small Industries Corporation Limited 66. P E C Limited 67. Rajasthan Electronics & Instruments Limited

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