Department of Public Enterprises(DPE), under the Ministry of Finance(MoF), has granted the ‘Navratna’ status to Mazagon Dock Shipbuilders Limited (MDSL), a Central Public Sector Undertaking(CPSU) under the Ministry of Defence(MoD).
- Central Electronics Limited (CEL), a PSU under the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology(MoST), has received the ‘Mini RATNA (Category-1)’ Status from the Department of Public Enterprises.
Note: Dr. Jitendra Singh, Union Minister of State (MoS) Independent Charge (IC), MoST, announced the grant of Mini Ratna status for CEL during the Golden Jubilee(50 years) celebration of CEL at its Ghaziabad campus in Uttar Pradesh(UP).
Criteria for grant of Navratna Status:
The Miniratna Category – I and Schedule ‘A’ CPSEs who have achieved ‘excellent’ or ‘very good’ rating under the Memorandum of Understanding (MoU) system in three of the last five years, and have a composite score of 60 or above in the six selected performance parameters, namely,
- Net profit to net worth (25),
- Manpower cost to total cost of production/services (15)
- Profit Before Depreciation, Interest and Taxes (PBDIT) to capital employed (15)
- PBIT to turnover (15)
- Earnings per share (10)
- Inter-sectoral performance (20)
Benefits:
i.Navratna companies enjoy financial autonomy that allows them to make substantial investments without seeking government approval.
ii.They can invest up to Rs. 1,000 crore or 15% of their net worth in a single project, and up to 30% of their net worth in a year, provided these investments do not exceed Rs.1,000 crore.
iii.They can form joint ventures, establish subsidiaries, and can enter into strategic alliances both domestically and internationally.
iv. They can make capital expenditure on the purchase of new items or for replacement, without any monetary ceiling.
Criteria for Grant of Miniratna status:
To qualify for Miniratna status, companies must meet the following criteria:
For Miniratna Companies in Category I
i.A company must have consistently recorded profits for the past three years.
ii.It must have earned a pre-tax profit of at least Rs.30 crore in the last three years.
For Miniratna Companies in Category II
i.Companies must have made profits continuously in the last three years.
ii.They should have a positive net worth.
- They have not defaulted in the repayment of loans/interest payment on any loans due to the Government.
- These public sector enterprises shall not depend upon budgetary support or Government guarantee.
List of Navratna Companies
| S. No | Company Name |
|---|---|
| 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 | National Buildings Construction Corporation Limited (NBCC) |
| 8 | Neyveli Lignite Corporation Limited (NLC India) |
| 9 | National Mineral Development Corporation Limited (NMDC) |
| 10 | Rashtriya Ispat Nigam Limited (RINL) |
| 11 | Shipping Corporation of India Limited (SCI) |
| 12 | Rail Vikas Nigam Limited (RVNL) |
| 13 | ONGC Videsh Ltd (OVL) |
| 14 | Rashtriya Chemicals & Fertilizers Limited (RCF) |
| 15 | IRCON International Limited |
| 16 | RITES Limited |
| 17 | Indian Renewable Energy Development Agency Limited (IREDA) |
| 18 | National Fertilizers Limited |
| 19 | Central Warehousing Corporation |
| 20 | Housing & Urban Development Corporation Limited |
| 21 | Mazagon Dock Shipbuilders Limited (MDSL) |
Miniratna Category 1
| S.No | Company Name |
|---|---|
| 1 | Airports Authority of India |
| 2 | Antrix Corporation Limited |
| 3 | Balmer Lawrie & Co Limited |
| 4 | Bharat Coking Coal Limited |
| 5 | Bharat Dynamics Limited |
| 6 | BEML Limited |
| 7 | Bharat Sanchar Nigam Limited |
| 8 | Braithwaite & Company Limited |
| 9 | Bridge & Roof Company (India) Limited |
| 10 | Central Coalfields Limited |
| 11 | Central Mine Planning & Design Institute Limited |
| 12 | Chennai Petroleum Corporation Limited |
| 13 | Cochin Shipyard Limited (schedule A in July, 23) |
| 14 | Cotton Corporation of India Ltd |
| 15 | EDCIL (India) Limited |
| 16 | Garden Reach Shipbuilders & Engineers Limited |
| 17 | Grid Controller of India Limited (GRID-INDIA) |
| 18 | Goa Shipyard Limited |
| 19 | Hindustan Copper Limited |
| 20 | Hindustan Steelworks Construction Limited |
| 21 | HLL Lifecare Limited |
| 22 | Hindustan Paper Corporation Limited |
| 23 | HSCC (India) Limited |
| 24 | India Tourism Development Corporation Limited |
| 25 | Indian Rare Earths Limited |
| 26 | Indian Railway Catering & Tourism Corporation Limited |
| 27 | Indian Railway Finance Corporation Limited |
| 28 | India Trade Promotion Organization |
| 29 | KIOCL Limited |
| 30 | Mazagaon Dock Shipbuilders Limited |
| 31 | Mahanadi Coalfields Limited |
| 32 | MOIL Limited |
| 33 | Mangalore Refinery & Petrochemical Limited |
| 34 | Mineral Exploration Corporation Limited |
| 35 | Mishra Dhatu Nigam Limited |
| 36 | MMTC Limited |
| 37 | MSTC Limited |
| 38 | National Projects Construction Corporation Limited |
| 39 | National Small Industries Corporation Limited |
| 40 | National Seeds Corporation |
| 41 | NHPC Limited |
| 42 | Northern Coalfields Limited |
| 43 | North Eastern Electric Power Corporation Limited |
| 44 | Numaligarh Refinery Limited |
| 45 | Pawan Hans Helicopters Limited |
| 46 | Projects & Development India Limited |
| 47 | Railtel Corporation of India Limited |
| 48 | SJVN Limited |
| 49 | Security Printing and Minting Corporation of India Limited |
| 50 | South Eastern Coalfields Limited |
| 51 | Telecommunications Consultants India Limited |
| 52 | THDC India Limited |
| 53 | Western Coalfields Limited |
| 54 | WAPCOS Limited |
| 55 | Central Electronics Limited (CEL) |
About Mazagon Dock Shipbuilders Limited (MDSL):
Chairman & Managing Director(CMD)– Sanjeev Singhal
Headquarters– Mumbai, Maharashtra
Founded– 1934
About Central Electronics Limited (CEL):
Chairman & Managing Director(CMD)– Chetan Prakash Jain
Headquarters– New Delhi, Delhi
Established– 1974
