NAVRATNA PSUs In India:

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Navratna status is considered to be the prestigious among public sector companies.Currently following companies have Navratna status.

PSU Name Area Of Operation
Bharat Electronic Limited Defense products
BHEL Engg & Manufacturing
BPCL Oil marketing
CoalIndia Coal production & marketing
GAIL India Ltd Gas transmission
Hindustanaeronautics ltd Aircrafts and Accessories production.
HPCL Oil marketing
IOCL Oil Marketing
MTNL Telephone
NALCO Aluminium Products and marketing
NMDC Ltd Ore/ Mineral exploration and marketing
NTPC Ltd Power Plant products
ONGC Ltd Oil & gas marketing
Power Finance Corporation Of India. Infrastructure & power Finance
Power grid Corporation of India Ltd. Power transmission
REC India Ltd Infrastructure and power finance
Shipping Corporation Of India Ltd Shipping
Steel Authority Of India Ltd Iron & steel producer

Criterias for Navratna company:

1. Having Schedule A and Miniratna Category 1 status
2. Having atleast three Excellent or Very Good Memorandum of Understanding ratings during the last five years.
3. Having a composite score of 60 or above out of 100 marks based on its performance during the last three years on the following six identified efficiency parameters:
  • Net Profit to Net Worth
  • Inter-Sectoral comparison based on Net profit to net worth
  • Manpower cost to cost of production or services
  • Gross margin as capital employed
  • Gross profit as Turnover
  • Earnings per Share.
Navratna companies have benefits of operational autonomy to take faster financial decisions.Thses PSUs can take investment decisions upto Rs. 1000 Crore without approval of the government.

 


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