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Eligibility Criteria for Grant of Maharatna, Navratna and Miniratna Status to CPSEs

The eligibility criteria laid down by the Government for grant of Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs) are following:

Criteria for grant of Maharatna status :-

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

(i) Having Navratna status.
(ii) Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations.
(iii) Average annual turnover of more than Rs. 25,000 crore, during the last 3 years.
(iv) Average annual net worth of more than Rs. 15,000 crore, during the last 3 years.
(v) Average annual net profit after tax of more than Rs. 5,000 crore, during the last 3 years.
(vi) Should have significant global presence/international operations.

Criteria for grant of Navratna 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 composite score of 60 or above in the six selected performance parameters, namely,
(i) net profit to net worth,
(ii) manpower cost to total cost of production/services,
(iii) profit before depreciation, interest and taxes to capital employed,
(iv) profit before interest and taxes to turnover,
(v) earning per share and
(vi) inter-sectoral performance.

Maharatna CPSEs

  1. Bharat Heavy Electricals Limited
  2. Coal India Limited
  3. GAIL (India) Limited
  4. Indian Oil Corporation Limited
  5. NTPC Limited
  6. Oil & Natural Gas Corporation Limited
  7. Steel Authority of India Limited

Navratna CPSEs

  1. Bharat Electronics Limited
  2. Bharat Petroleum Corporation Limited
  3. Engineers India Limited
  4. Hindustan Aeronautics Limited
  5. Hindustan Petroleum Corporation Limited
  6. Mahanagar Telephone Nigam Limited
  7. National Aluminium Company Limited
  8. National Buildings Construction Corporation Limited
  9. NMDC 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

Presently, there are 7 Maharatna, 16 Navratna and 71 Miniratna CPSEs.

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.

———- no need to remember the list——————

Miniratna Category – I CPSEs

  1. Airports Authority of India
  2. Antrix Corporation Limited
  3. Balmer Lawrie & Co. Limited
  4. Bharat Dynamics Limited
  5. BEML Limited
  6. Bharat Sanchar Nigam Limited
  7. Bridge & Roof Company (India) Limited
  8. Central Warehousing Corporation
  9. Central Coalfields Limited
  10. Chennai Petroleum Corporation Limited
  11. Cochin Shipyard Limited
  12. Container Corporation of India Limited
  13. Dredging Corporation of India Limited
  14. Ennore Port Limited
  15. Garden Reach Shipbuilders & Engineers Limited
  16. Goa Shipyard Limited
  17. Hindustan Copper Limited
  18. HLL Lifecare Limited
  19. Hindustan Newsprint Limited
  20. Hindustan Paper Corporation Limited
  21. Housing & Urban Development Corporation Limited
  22. India Tourism Development Corporation Limited
  23. Indian Railway Catering & Tourism Corporation Limited
  24. IRCON International Limited
  25. KIOCL Limited
  26. Mazagaon Dock Limited
  27. Mahanadi Coalfields Limited
  28. Manganese Ore (India) Limited
  29. Mangalore Refinery & Petrochemical Limited
  30. Mishra Dhatu Nigam Limited
  31. MMTC Limited
  32. MSTC Limited
  33. National Fertilizers Limited
  34. National Seeds Corporation Limited
  35. NHPC Limited
  36. Northern Coalfields Limited
  37. North Eastern Electric Power Corporation Limited
  38. Numaligarh Refinery Limited
  39. ONGC Videsh Limited
  40. Pawan Hans Helicopters Limited
  41. Projects & Development India Limited
  42. Railtel Corporation of India Limited
  43. Rail Vikas Nigam Limited
  44. Rashtriya Chemicals & Fertilizers Limited
  45. RITES Limited
  46. SJVN Limited
  47. Security Printing and Minting Corporation of India Limited
  48. South Eastern Coalfields Limited
  49. State Trading Corporation of India Limited
  50. Telecommunications Consultants India Limited
  51. THDC India Limited
  52. Western Coalfields Limited
  53. WAPCOS Limited

Miniratna Category-II CPSEs

  1. Bharat Pumps & Compressors Limited
  2. Broadcast Engineering Consultants (I) Limited
  3. Central Mine Planning & Design Institute Limited
  4. Central Railside Warehouse Company Limited
  5. Ed.CIL (India) Limited
  6. Engineering Projects (India) Limited
  7. FCI Aravali Gypsum & Minerals India Limited
  8. Ferro Scrap Nigam Limited
  9. HMT (International) Limited
  10. HSCC (India) Limited
  11. India Trade Promotion Organisation
  12. Indian Medicines & Pharmaceuticals Corporation Limited
  13. M E C O N Limited
  14. Mineral Exploration Corporation Limited
  15. National Film Development Corporation Limited
  16. National Small Industries Corporation Limited
  17. P E C Limited
  18. Rajasthan Electronics & Instruments Limited
July 21, 2014

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