Mini Ratna Companies

 Mini Ratna 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.

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

Maharatna Companies

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.

Criteria

The six criteria for eligibility as Maharatna are:

1. Having Navratna status.
2. Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
3. An average annual turnover of more than Rs. 20,000. crore during the last 3 years. Earlier it was Rs 25,000 Crore.
4. An average annual net worth of more than Rs. 10,000 crore during the last 3 years. Earlier it was Rs. 15,000 crore.
5. An average annual net profit after tax of more than Rs. 2500 crore during the last 3 years. Earlier it was Rs. 5000 crore.
6. Should have significant global presence/international operations.

List of Maharatna

1. Coal India Limited
2. Indian Oil Corporation Limited
3. NTPC Limited
4. Oil and Natural Gas Corporation Limited
5. Steel Authority of India Limited

Navratna Companies

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 Engineers India Limited which is under consideration.

List of Navratna

1. Bharat Electronics Limited
2. Bharat Heavy Electricals Limited
3. Bharat Petroleum Corporation Limited
4. GAIL (India) Limited
5. Hindustan Aeronautics Limited
6. Hindustan Petroleum Corporation Limited
7. Mahanagar Telephone Nigam Limited
8. National Aluminium Company Limited
9. National Mineral Development Corporation Limited
10. Neyveli Lignite Corporation Limited
11. Oil India Limited
12. Power Finance Corporation Limited
13. Power Grid Corporation of India Limited
14. Rashtriya Ispat Nigam Limited
15. Rural Electrification Corporation Limited
16. Shipping Corporation of India Limited