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.
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.
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:
Miniratna Category – I CPSEs
Miniratna Category-II CPSEs
This information was given by the Minister of Heavy Industries & Public Enterprises, Prakash Javadekar, in a written reply in the Lok Sabha today.