PSU companies are divided into three categories:
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Maharatna
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Navratna
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Miniratna CPSEs
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Category-I
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Category-II
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Maharatna Status:
In 2009, the government established the Maharatna status, which raises a company’s
investment ceiling from Rs. 1,000 Crore to Rs. 5,000 Crore. The Maharatna firms
can now decide on investments of up to 15 per cent of their net worth in a project;
the Navaratna companies could invest up to Rs. 1,000 Crore without explicit government
approval.
Criteria to be a Maharatna:
The six criteria for eligibility as Maharatna are:
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. 20,000 Crore during the last 3 years.
Earlier it was Rs. 25,000 Crore.
4. An average annual net worth of more than Rs. 10,000 Crore during the last 3 years.
Earlier it was Rs. 15,000 Crore.
5. An average annual net profit after tax of more than Rs. 2500 Crore during the
last 3 years. Earlier it was Rs. 500 Crore.
6. Should have significant global presence/international operations.
List of Maharatna:
1. Coal India Limited
2. Indian Oil Corporation Limited
3. NTPC Limited
4. Oil and Natural Gas Corporation Limited
5. Steel Authority of India Limited
Navratna Status:
Navratna was the title given originally to nine Public Sector Enterprises, identified
by the Government of India in 1997 as having comparative advantages, which allowed
them greater autonomy to compete in the global market. The number of PSEs having
Navratna status has been raised to 16. The government is likely to accord the coveted
status to Engineers India Limited, which is under consideration.
List of Navratna:
1. Bharat Heavy Electricals Limited
2. Bharat Electronics Limited
3. Bharat Petroleum Corporation Limited
4. Hindustan Aeronautics Limited
5. Hindustan Petroleum Corporation Limited
6. Mahanagar Telephone Nigam Limited
7. National Aluminium Company Limited
8. National Mineral Development Corporation Limited
9. Neyveli Lignite Corporation Limited
10. Oil India Limited
11. Power Finance Corporation Limited
12. Power Grid Corporation of India Limited
13. Rashtriya Ispat Nigam Limited
14. Rural Electrification Corporation Limited
15. Shipping Corporation of India Limited
16. Gas Authority of India Limited
Miniratna Status:
In addition, the government created another category called Miniratna. Miniratnas
can also enter into joint ventures, set subsidiary companies and overseas offices
but with certain conditions. In 2002, there were 61 government enterprises that
awarded Miniratna status. However, at present, there are 68 government enterprises
that were awarded Miniratna status.
Exam Pattern of Some of PSUs:
Percentage Criterion for Some of PSUs:
Tentative Exam Schedule of PSUs: