PSU in India: List of Maharatna, Navratna and Miniratna Companies

Public Sector undertakings in India

PSU in India: In India a state-owned enterprise (Controlled and managed by the government) is called a Public Sector undertaking (PSU) or a Public Sector Enterprise. These are the companies which are owned and managed by the union government of India, or one of the many state or territorial governments, or both. PSU's stock needs to be owned by the government in terms of shareholding patterns. Public Sector undertaking (PSU) may be classified as Central Public Sector Enterprises (CPSEs), Public sector banks (PSBs) or State Level Public Enterprises (SLPEs). CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises.Government of India categorized certain PSUs as Maharatna, Navratna and Miniratna Companies;

Criteria for Maharatna, Navratna and Miniratna Companies

	Maharatna	Navratna	Miniratna Category-I	Miniratna Category-II
Eligibility	Three years with an average annual net profit of over Rs. 2500 crore (earlier was 5,000 Cr), OR Average annual Net worth of Rs. 10,000 crore for 3 years (earlier was 15,000 Cr), OR Average annual Turnover of Rs. 20,000 crore for 3 years (earlier was 25,000 Cr)	A score of 60 (out of 100), based on six parameters which include net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest and Taxes), capital employed, etc., AND A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna.	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	Have made profits continuously for the last three years and should have a positive net worth.
Benefits for investment	Rs. 1,000 crore - Rs. 5,000 crore, or free to decide on investments up to 15% of their net worth in a project	up to Rs. 1,000 crore or 15% of their net worth on a single project or 30% of their net worth in the whole year (not exceeding Rs. 1,000 crores).	up to Rs. 500 crore or equal to their net worth, whichever is lower.	up to Rs. 300 crore or up to 50% of their net worth, whichever is lower.

PSUs in India are also categorised based on their special non-financial objectives and are registered under Section 8 of Companies Act, 2013 (erstwhile Section 25 of Companies Act, 1956).

List of Maharatna, Navratna and Miniratna Companies

List of Maharatna, Navratna and Miniratna CPSEsPSUs in India are also categorised based on their special non-financial objectives and are registered under Section 8 of Companies Act, 2013 (erstwhile Section 25 of Companies Act, 1956).

As per available information

(as on 26 October, 2014)

Maharatna CPSEs

Bharat Heavy Electricals Limited
Coal India Limited
GAIL (India) Limited
Indian Oil Corporation Limited
NTPC Limited
Oil & Natural Gas Corporation Limited
Steel Authority of India Limited

Navratna CPSEs

Bharat Electronics Limited
Bharat Petroleum Corporation Limited
Container Corporation of India Limited
Engineers India Limited
Hindustan Aeronautics Limited
Hindustan Petroleum Corporation Limited
Mahanagar Telephone Nigam Limited
National Aluminium Company Limited
National Buildings Construction Corporation Limited
NMDC Limited
Neyveli Lignite Corporation Limited
Oil India Limited
Power Finance Corporation Limited
Power Grid Corporation of India Limited
Rashtriya Ispat Nigam Limited
Rural Electrification Corporation Limited
Shipping Corporation of India Limited

PSU in India: List of Maharatna, Navratna and Miniratna Companies

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Last Updated: Wednesday, December 23, 2015