Ratna Status to CPSEs

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Ratna Status to CPSEs
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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.

(Maximum Weight)

                                                                                                                        100

 

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

Navratna CPSEs

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.