Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as “public sector companies that have comparative advantages”, giving them greater autonomy to compete in the global market so as to “support [them] in their drive to become global giants”.  The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil India Limited. PSU companies are divided into three categories: * Maharatna * Navratna * Miniratna CPSEs * Category I * Category II
Contents * 1 Historical symbolism * 2 Maharatna status * 2.
1 Criteria * 2. 2 List of Maharatna * 3 Navratna status * 4 Miniratna Status * 4. 1 Category I * 4. 2 Category II * 5 See also * 6 References * 7 External links| Historical symbolism Originally, the term Navaratna meant a talisman or ornament composed of nine precious gems. Later, this symbology was adopted in the courts of Emperor Vikramaditya and the Mughal emperor Akbar, where the Navaratnas were a group of nine extraordinary men in their respective courts. 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. BHEL is elegible for Maharatna status and has also applied for the same. 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  . Steel Authority of India limited 6. Bharat Heavy Electricals Limited 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 15, The government is likely to accord the coveted status to Mishra Dhatu Nigam Limited, which is under consideration. List of Navratna 1. Bharat Electronics Limited 2. Bharat Petroleum Corporation Limited . Hindustan Aeronautics Limited 4. Hindustan Petroleum Corporation Limited 5. Mahanagar Telephone Nigam Limited 6. National Aluminium Company Limited 7. National Mineral Development Corporation Limited 8. Neyveli Lignite Corporation Limited 9. Oil India Limited 10. Power Finance Corporation Limited 11. Power Grid Corporation of India Limited 12. Rashtriya Ispat Nigam Limited 13. Rural Electrification Corporation Limited 14. Shipping Corporation of India Limited 15. GAIL (India) Limited Miniratna Status In addition, the government created another category called Miniratna.
Miniratnas can also enter into joint ventures, set subsidiary companies and overseas offices but with certain conditions. In 2002, there were 61 government enterprises that were awarded Miniratna status. However, at present, there are 68 government enterprises that were awarded Miniratna 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. 00 crore or equal to their net worth, whichever is lower. 1. Projects & Development India limited 2. Airports Authority of India 3. Antrix Corporation Limited 4. Balmer Lawrie & Co. Limited 5. Bharat Dynamics Limited 6. BEML Limited 7. Bharat Sanchar Nigam Limited 8. Bridge & Roof Company (India) Limited 9. Central Warehousing Corporation 10. Central Coalfields Limited 11. Chennai Petroleum Corporation Limited 12. Cochin Shipyard Limited 13. Container Corporation of India Limited 14. Dredging Corporation of India Limited 15. Engineers India Limited 16.
Ennore Port Limited 17. Garden Reach Shipbuilders & Engineers Limited 18. Goa Shipyard Limited 19. Hindustan Copper Limited 20. HLL Lifecare Limited 21. Hindustan Newsprint Limited 22. Hindustan Paper Corporation Limited 23. Housing and Urban Development Corporation 24. India Tourism Development Corporation 25. Indian Railway Catering and Tourism Corporation 26. IRCON International Limited 27. Kudremukh Iron Ore Company Limited. 28. Mazagaon Dock Limited 29. Mahanadi Coalfields Limited 30. Manganese Ore (India) Limited 31. Mangalore Refinery and Petrochemicals Limited 32.
Mishra Dhatu Nigam Limited 33. Minerals and Metals Trading Corporation of India 34. MSTC Limited 35. National Fertilizers Limited 36. National Seeds Corporation Limited 37. NHPC Limited 38. Northern Coalfields Limited 39. Numaligarh Refinery Limited 40. ONGC Videsh Limited 41. Pawan Hans Helicopters 42. Rashtriya Chemicals & Fertilizers Limited 43. RITES Limited 44. Satluj Jal Vidyut Nigam 45. Security Printing and Minting Corporation of India Limited 46. South Eastern Coalfields Limited 47. State Trading Corporation of India Limited 48. Tehri Hydro Development Corporation Limited 9. Telecommunications Consultants (India) Limited 50. Western Coalfields Limited 51. Water & Power Consultancy (India) Limited 52. RailTel Corporation of India Ltd. 53. National Building Construction Corporation Ltd. Category II The Category II kind of PSE’s has made profits for the last three years continuously and should have a positive net worth. Unlike Category I PSE’s, these PSE’s can invest up to Rs. 250. cr or up to 50% of their net worth whichever is lower. There are 15 such PSE’s as on April 2011. 1. Bharat Pumps & Compressors Limited 2.
Broadcast Engineering Consultants (I) Limited 3. Central Mine Planning & Design Institute Limited 4. Ed. CIL (India) Limited 5. Engineering Projects (India) Limited 6. FCI Aravali Gypsum & Minerals India Limited 7. Ferro Scrap Nigam Limited 8. HMT (International) Limited 9. HSCC (India) Limited 10. India Trade Promotion Organisation 11. Indian Medicines & Pharmaceuticals Corporation Limited 12. M E C O N Limited 13. National Film Development Corporation Limited 14. National Small Industries Corporation Limited 15. P E C Limited 16. Rajasthan Electronics & Instruments Limited.
Cite this Navratna
Navratna. (2016, Oct 01). Retrieved from https://graduateway.com/navratna/