Ministry of Heavy Industries

Ratna Status to CPSEs

Posted On: 03 DEC 2019 12:24PM by PIB Delhi

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

Criteria for grant of Maharatna status to CPSEs

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

  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. 25,000 crore during the last 3 years
  4. An average annual net worth of more than Rs. 15,000 crore during the last 3 years
  5. An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
  6. Should have significant global presence/international operations.


Criteria for grant of Navratna status to CPSEs

The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’ MOU rating in three of the last five years and having composite score of 60 or above in following six selected performance indicators are eligible to be considered for grant of Navratna status.

(Maximum Weight)



1.         Net Profit to Net worth                                                          25

2.         Manpower Cost to total Cost of Production or                      15

            Cost of Services

3.         PBDIT to Capital employed                                                   15

4.         PBIT to Turnover                                                                    15

5.         Earning Per Share                                                                   10

6.         Inter Sectoral Performance                                                     20


Criteria for grant of Miniratna status to CPSEs


Miniratna Category-I status: - The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.

Miniratna Category-II status: - The CPSEs which have made profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.

•      Miniratna CPSEs should have not defaulted in the repayment of loans/interest payment on any loans due to the Government.

•      Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.

There is one Navratna CPSE, viz. NLC (India) Limited and two Miniratna CPSEs, viz. Chennai Petroleum Corporation Limited and Kamarajar Port Limited having registered office in Tamil Nadu.

Presently, there is no proposal with Department of Public Enterprises for grant of Maharatna or Navratna status to any CPSE having registered office in Tamil Nadu. As per extant guidelines, the administrative Ministry/Department of the concerned CPSE is competent to decide to confer Miniratna status keeping in view the laid down eligibility criteria. The list of existing 10 Maharatna, 14 Navratna and 73 Miniratna CPSEs is as under:

Maharatna CPSEs

  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

Navratna CPSEs

  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 Category - I CPSEs

  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. Bridge & Roof Company (India) Limited
  9. Central Warehousing Corporation
  10. Central Coalfields Limited
  11. Central Mine Planning & Design Institute Limited
  12. Chennai Petroleum Corporation Limited
  13. Cochin Shipyard Limited
  14. EdCIL (India) Limited
  15. Kamarajar Port Limited
  16. Garden Reach Shipbuilders & Engineers Limited
  17. Goa Shipyard Limited
  18. Hindustan Copper Limited
  19. HLL Lifecare Limited
  20. Hindustan Newsprint Limited
  21. Hindustan Paper Corporation Limited
  22. Housing & Urban Development 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. Indian Renewable Energy Development Agency Limited
  29. India Trade Promotion Organization
  30. IRCON International Limited
  31. KIOCL Limited
  32. Mazagaon Dock Shipbuilders Limited
  33. Mahanadi Coalfields Limited
  34. MOIL Limited
  35. Mangalore Refinery & Petrochemical Limited
  36. Mineral Exploration Corporation Limited
  37. Mishra Dhatu Nigam Limited
  38. MMTC Limited
  39. MSTC Limited
  40. National Fertilizers Limited
  41. National Projects Construction Corporation Limited
  42. National Small Industries Corporation Limited
  43. National Seeds Corporation
  44. NHPC Limited
  45. Northern Coalfields Limited
  46. North Eastern Electric Power Corporation Limited
  47. Numaligarh Refinery Limited
  48. ONGC Videsh Limited
  49. Pawan Hans Helicopters Limited
  50. Projects & Development India Limited
  51. Railtel Corporation of India Limited
  52. Rail Vikas Nigam Limited
  53. Rashtriya Chemicals & Fertilizers Limited
  54. RITES Limited
  55. SJVN Limited
  56. Security Printing and Minting Corporation of India Limited
  57. South Eastern Coalfields Limited
  58. Telecommunications Consultants India Limited
  59. THDC India Limited
  60. Western Coalfields Limited
  61. WAPCOS Limited

Miniratna Category-II CPSEs

  1. Artificial Limbs Manufacturing Corporation of India
  2. Bharat Pumps & Compressors Limited
  3. Broadcast Engineering Consultants India Limited
  4. Central Railside Warehouse Company Limited
  5. Engineering Projects (India) Limited
  6. FCI Aravali Gypsum & Minerals India Limited
  7. Ferro Scrap Nigam Limited
  8. HMT (International) Limited
  9. Indian Medicines & Pharmaceuticals Corporation Limited
  10. MECON Limited
  11. National Film Development Corporation Limited
  12. Rajasthan Electronics & Instruments Limited

This information was given by the Minister of Heavy Industries & Public Enterprises, Prakash Javadekar, in a written reply in the Lok Sabha today.




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