Navratnas was the title given to Public Sector Enterprises or PSE, identified by the Government of India. Navaratna status is conferred by Department of Public Enterprises.
In 1997, GOI declared Navaratna status to 9 PSEs, which means these are most prestigious PSEs. These are BHEL, BPCL, GAIL, HPCL, IOC, MTNL, NTPC, ONGC, and SAIL.
In 2006, GOI approved Navratnas status to 7 more PSEs. These are Power Finance Corporation, Rural Electrification Corporation, Power Grid, National Hydroelectric Corporation, BSNL, and Hindustan Aeronautics Limited. In 2007, GOI conferred Navaratna status to Nalco. In 2008, Coal India Limited gets Navaratna status.
The Total goes up to 18 PSEs, which have taken Navratna Status. The status will help the PSU to take several decisions without seeking government approval like setting investment limits and salary for employees. The Department of Public Enterprises confers this status to better performing central public sector enterprises. To be qualified as a Navratna, the company must obtain a score of 60 (of the total 100) based on six parameters. It includes net profit to net worth, total manpower cost to total cost of production or cost of service, profit before depreciation, interest, taxes to capital employed and to turnover, earning per share and inter sectoral performance. Additionally, a company must first be a mini ratna and must have four independent directors on its board before it can be made a Navratna.
List of 18 Navratnas status PSEs:
1. Bharat Electronics Limited
2. Bharat Heavy Electricals Limited
3. Bharat Petroleum Corporation Limited
4. Coal India Limited
5. GAIL (India) Limited
6. Hindustan Aeronautics Limited
7. Hindustan Petroleum Corporation Limited
8. Indian Oil Corporation Limited
9. Mahanagar Telephone Nigam Limited
10. National Aluminium Company Limited
11. NMDC Limited
12. NTPC Limited
13. Oil & Natural Gas Corporation Limited
14. Power Finance Corporation Limited
15. Power Grid Corporation of India Limited
16. Rural Electrification Corporation Limited
17. Shipping Corporation of India Limited
18. Steel Authority of India Limited.
List of Miniratna Category - I CPSEs
1. Airports Authority of India
2. Balmer Lawrie & Co. Limited
3. Bharat Dynamics Limited
4. BEML Limited
5. Bharat Sanchar Nigam Limited
6. Bongaigaon Refineries & Petrochemicals Limited
7. Broadcast Engineering Consultants (I) 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. Engineers India Limited
15. Ennore Ports Limited
16. Garden Reach Shipbuilders & Engineers Limited
17. Goa Shipyard Limited
18. Hindustan Copper Limited
19. Hindustan Latex Limited
20. Hindustan Newsprint Limited
21. Hindustan Paper Corporation Limited
22. Housing & Urban Development Corporation Limited
23. India Tourism Development Corporation Limited
24. Indian Railway Catering & Tourism Corporation Limited
25. IRCON International Limited
26. Kudremukh Iron Ore Company Limited
27. Mazagaon Docks Limited
28. Mahanadi Coalfields Limited
29. Manganese Ore India Limited
30. Mangalore Refinery & Petrochemicals Limited
31. Mishra Dhatu Nigam Limited
32. MMTC Limited
33. MSTC Limited
34. National Fertilizers Limited
35. Neyveli Lignite Corporation
36. NHPC Limited
37. Northern Coalfields Limited
38. Numaligarh Refinery Limited
39. Oil India Limited
40. Rashtriya Chemicals & Fertilizers Limited
41. Rashtriya Ispat Nigam Limited
42. RITES Limited
43. Satluj Jal Vidyut Nigam Limited
44. Security Printing and Minting Corporation of India Limited
45. South Eastern Coalfields Limited
46. State Trading Corporation of India Limited
47. Telecommunications Consultants (India) Limited
48. Western Coalfields Limited
List of Miniratna Category-II CPSEs
49. Central Mine Planning & Design Institute Limited
50. Educational Consultants (I) Limited
51. Engineering Projects (I) Limited
52. Ferro Scrap Nigam Limited
53. HMT (International) Limited
54. HSCC (India) Limited
55. India Trade Promotion Organization
56. Indian Medicines Pharmaceuticals Corporation Limited
57. M E C O N Limited
58. National Film Development Corporation Limited
59. P E C Limited
60. Rajasthan Electronics & Instruments Limited
61. Water & Power Consultancy (India) Limited
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