List of Maharatna, Navratna and Miniratna CPSEs

In this article, we will know about Maharatna, Navratna and Miniratna CPSEs eligibility criteria and its list. Currently, there are 10 Maharatna, 14 Navratna and 73 Miniratna CPSEs.

Maharatna

Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect from 19th May 2010, in order to empower mega CPSEs to expand their operations and emerge as global giants. The objective of the scheme is to delegate enhanced powers to the Boards of identified large-sized Navratna CPSEs so as to facilitate the expansion of their operations, both in domestic as well as global markets.

Eligibility Criteria for grant of Maharatna status

CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status:

1. Having Navratna status
2. Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations
3. Average annual turnover of more than Rs. 20,000 crore during the last three years
4. An average annual net worth of more than Rs.10,000 crore during the last three years
5. An average annual net profit of more than Rs. 2,500 crore during the last 3 years
6. The significant global presence or international operations

Following CPSEs have been identified as Maharatnas:

1. Bharat Heavy Electricals Limited
2. Bharat Petroleum Corporation Limited 
3. Coal India Limited
4. Gail (India) Limited.
5. Hindustan Petroleum Corporation Limited 
6. Indian Oil Corporation Limited 
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited 
9. Power Grid Corporation of India Limited
10. Steel Authority of India Limited

Navratnas

Eligibility Criteria for grant of Navratnas status

The Miniratna Category – I and Schedule ‘A’ CPSEs, which have obtained ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,

1. Net profit to net worth.
2. Manpower cost to total cost of production/services.
3. Profit before depreciation, interest and taxes to capital employed.
4. Profit before interest and taxes to turnover.
5. Earning per share.
6. Inter-sectoral performance.

Following CPSEs have been identified as Navratnas:

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

Miniratna

Criteria for grant of Miniratna status:

The CPSEs which have made profits in the last three years continuously and have positive net worth are eligible to be considered for grant of Miniratna status. There are 73 Miniratna CPSEs.

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