How does govt award Maharatna, Navratna status to PSUs?

The government has divided all the Public Sector Undertakings (PSUs) mainly in three categories namely Maharatna, Navratna and Miniratna
How does govt award Maharatna, Navratna status to PSUs?

New Delhi: The government has divided all Public Sector Undertakings (PSUs) mainly in three categories, namely Maharatna, Navratna and Miniratna, according to their performance and other criteria. The criteria of evaluation laid down by the government for granting 'Ratna' status to Public Sector Undertakings (PSUs) are given below: Criteria for grant of 'Maharatna' status to CPSEs To get the Maharatna status, the organisation (PSU) must full-fill the following criteria:

  1.  The company should have 'Navratna' status.
  2.  The company should be listed on Indian stock exchange with minimum prescribed public shareholding under Securities and Exchange Board of India (SEBI) regulations.
  3. The company should have an average annual turnover of more than Rs 25,000 crore during the last 3 years.
  4. The average annual net worth of the company should be more than Rs 15,000 crore during the last 3 years.
  5. The average annual net profit after tax (PAT) should be more than Rs 5,000 crore during the last 3 years.
  6. The company (PSU) should have a significant global presence or international operations.

Currently, there are 10 Maharatna PSUs

  1. Bharat Heavy Electricals Limited (BHEL)
  2. Bharat Petroleum Corporation Limited (BPCL)
  3. Coal India Limited (CIL)
  4. GAIL (India) Limited (GAIL)
  5. Hindustan Petroleum Corporation Limited (HPCL)
  6. Indian Oil Corporation Limited (IOCL)
  7. NTPC Limited
  8. Oil & Natural Gas Corporation Limited (ONGC)
  9. Power Grid Corporation of India Limited (PGCIL)
  10. Steel Authority of India Limited (SAIL)

Criteria for grant of Navratna status to PSUs To get Navratna status, the company (PSU) must full-fill the following criteria:

  1. The company should have Miniratna-I, Schedule 'A' status.
  2. The PSU should have obtained 'excellent' or 'very good' MoU rating in three of the last five years.
  3. The PSU must have a composite score of 60 in the following six selected performance indicators given below:

Performance Indicators

Maximum Weight  100

Net Profit to Net worth


Manpower Cost to total Cost of Production or Cost of Services


PBDIT to Capital employed


PBIT to Turnover


Earning Per Share


Inter Sectorial Performance


List of 'Navratna' PSUs

  1. Bharat Electronics Limited (BEL)
  2. Container Corporation of India Limited (CONCOR)
  3. Engineers India Limited (EIL)
  4. Hindustan Aeronautics Limited (HAL)
  5. Mahanagar Telephone Nigam Limited (MTNL)
  6. National Aluminium Company Limited (NALCO)
  7. NBCC (India) Limited (NBCC)
  8. NMDC Limited
  9. NLC India Limited
  10. Oil India Limited (OIL)
  11. Power Finance Corporation Limited (PFC)
  12. Rashtriya Ispat Nigam Limited (RINL)
  13. Rural Electrification Corporation Limited (REC)
  14. Shipping Corporation of India Limited (SCI)

Criteria for grant of Miniratna status to CPSEs Miniratna Category-I status: – PSUs which have made a profit in the last three years continuously, pre-tax profit is Rs 30 crore or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status. Miniratna Category-II status: – PSUs which have made a profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.

  1. Miniratna PSUs should have not defaulted in the repayment of loans/interest payment on any loans due to the government.
  2. Miniratna PSUs shall not depend upon budgetary support or government guarantees.

Miniratna Category – I CPSEs

  1. Airports Authority of India (AAI)
  2. Antrix Corporation Limited (ACL)
  3. Balmer Lawrie & Company Limited
  4. Bharat Coking Coal Limited (BCCL)
  5. Bharat Dynamics Limited (BDL)
  6. BEML Limited
  7. Bharat Sanchar Nigam Limited (BSNL)
  8. Bridge & Roof Company (India) Limited
  9. Central Warehousing Corporation (CWC)
  10. Central Coalfields Limited (CCL)
  11. Central Mine Planning & Design Institute Limited (CMPDI)
  12. Chennai Petroleum Corporation Limited (CPCL)
  13. Cochin Shipyard Limited (CSL)
  14. EdCIL (India) Limited (EdCIL)
  15. Kamarajar Port Limited (KPL)
  16. Garden Reach Shipbuilders & Engineers Limited (GRSE)
  17. Goa Shipyard Limited (GSL)
  18. Hindustan Copper Limited (HCL)
  19. HLL Lifecare Limited (HLL)
  20. Hindustan Newsprint Limited
  21. Hindustan Paper Corporation Limited
  22. Housing & Urban Development Corporation Limited (HUDCO)
  23. HSCC (India) Limited (HSCC)
  24. India Tourism Development Corporation Limited (ITDC)
  25. Indian Rare Earths Limited (IREL)
  26. Indian Railway Catering & Tourism Corporation Limited (IRCTC)
  27. Indian Railway Finance Corporation Limited (IRFC)
  28. Indian Renewable Energy Development Agency Limited (IREDA)
  29. India Trade Promotion Organization (ITPO)
  30. IRCON International Limited (IRCON)
  31. KIOCL Limited (KIOCL)
  32. Mazagaon Dock Shipbuilders Limited (MDL)
  33. Mahanadi Coalfields Limited (MCL)
  34. MOIL Limited (MOIL)
  35. Mangalore Refinery & Petrochemical Limited (MRPL)
  36. Mineral Exploration Corporation Limited (MECL)
  37. Mishra Dhatu Nigam Limited (MDL)
  38. MMTC Limited (MMTC)
  39. MSTC Limited (MSTC)
  40. National Fertilizers Limited (NFL)
  41. National Projects Construction Corporation Limited (NPCC)
  42. National Small Industries Corporation Limited (NSIC)
  43. National Seeds Corporation (NSC)
  44. NHPC Limited
  45. Northern Coalfields Limited (NCL)
  46. North Eastern Electric Power Corporation Limited (NEEPCO)
  47. Numaligarh Refinery Limited (NRL)
  48. ONGC Videsh Limited (ONGC Videsh)
  49. Pawan Hans Helicopters Limited (PHHL)
  50. Projects & Development India Limited (PDIL)
  51. Railtel Corporation of India Limited (RailTel)
  52. Rail Vikas Nigam Limited (RVNL)
  53. Rashtriya Chemicals & Fertilizers Limited
  54. RITES Limited
  55. SJVN Limited
  56. Security Printing and Minting Corporation of India Limited
  57. South Eastern Coalfields Limited
  58. Telecommunications Consultants India Limited
  59. THDC India Limited
  60. Western Coalfields Limited
  61. WAPCOS Limited

Miniratna Category-II CPSEs

  1. Artificial Limbs Manufacturing Corporation of India
  2. Bharat Pumps & Compressors Limited
  3. Broadcast Engineering Consultants India Limited
  4. Central Railside Warehouse Company Limited
  5. Engineering Projects (India) Limited
  6. FCI Aravali Gypsum & Minerals India Limited
  7. Ferro Scrap Nigam Limited
  8. HMT (International) Limited
  9. Indian Medicines & Pharmaceuticals Corporation Limited
  10. MECON Limited
  11. National Film Development Corporation Limited
  12. Rajasthan Electronics & Instruments Limited
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