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==Navratnas == = Navratnas =

Navratna was the title given originally to nine Public Sector Enterprises (PSEs) identified by the Government of India in 1997 as "public sector companies that have comparative advantages", giving them greater autonomy to compete in the global market so as to "support [them] in their drive to become global giants". The number of PSEs having Navratna status has been raised to 16, the most recent addition being Oil.

PSU companies are divided into three categories:

§ Maharatna

§ Navratna

§ Miniratna CPSEs

§ Category I

§ Category II

==Historical symbolism ==

Originally, the term Navaratna meant a talisman or ornament composed of nine precious gems. Later, this symbology was adopted in the courts of Emperor Vikramaditya and the Mughal emperor Akbar, where the Navaratnas were a group of nine extraordinary men in their respective courts.

==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 ===

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. 5000 crore.

6. {C}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 (PSEs), 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 Navratnas

1. Bharat Electronics Limited

2. Bharat Heavy Electricals Limited

3. Bharat Petroleum Corporation Limited

4. GAIL (India) Limited

5. Hindustan Aeronautics Limited

6. Hindustan Petroleum Corporation Limited

7. Mahanagar Telephone Nigam Limited

8. National Aluminium Company Limited

9. National Mineral Development Corporation Limited

10. Neyveli Lignite Corporation Limited

11. Oil India Limited

12. Power Finance Corporation Limited

13. Power Grid Corporation of India Limited

14. Rashtriya Ispat Nigam Limited

15. Rural Electrification Corporation Limited

16. Shipping Corporation 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 were awarded Miniratna status. However, at present, there are 66 government enterprises that were awarded Miniratna status.

===Category I ===

This designation applies to PSEs that 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. These miniratnas granted certain autonomy like incurring capital expenditure without government approval up to Rs. 500 crore or equal to their net worth, whichever is lower.

1. Airports Authority of India

2. Antrix Corporation Limited

3. Balmer Lawrie & Co. Limited

4. Bharat Dynamics Limited

5. BEML Limited

6.Bharat Sanchar Nigam Limited

7. Bridge & Roof Company (India) Limited

8. Central Warehousing Corporation

9. Central Coalfields Limited

10. Chennai Petroleum Corporation Limited

11. Cochin Shipyard Limited

12. Container Corporation of India Limited

13. Dredging Corporation of India Limited

14. Engineers India Limited

15. Ennore Port Limited

16. Garden Reach Shipbuilders & Engineers Limited

17. Goa Shipyard Limited

18. Hindustan Copper Limited

19. HLL Lifecare Limited

20. Hindustan Newsprint Limited

21. Hindustan Paper Corporation Limited

22.Housing and Urban Development Corporation

23. India Tourism Development Corporation

24. Indian Railway Catering and Tourism Corporation

25. IRCON International Limited

26. Kudremukh Iron Ore Company Limited.

27. Mazagaon Dock Limited

28. Mahanadi Coalfields Limited

29.Manganese Ore (India) Limited

30. Mangalore Refinery and Petrochemicals Limited

31. Mishra Dhatu Nigam Limited

32. Minerals and Metals Trading Corporation of India

33. MSTC Limited

34. National Fertilizers Limited

35. National Seeds Corporation Limited

36. NHPC Limited

37.Northern Coalfields Limited

38. Numaligarh Refinery Limited

39. ONGC Videsh Limited

40. Pawan Hans Helicopters

41. Rashtriya Chemicals & Fertilizers Limited

42. RITES Limited

43. Satluj Jal Vidyut Nigam

44. Security Printing and Minting Corporation of India Limited

45. South Eastern Coalfields Limited

46. State Trading Corporation of India Limited

47. Tehri Hydro Development Corporation Limited

48.Telecommunications Consultants (India) Limited

49. Western Coalfields Limited

50. Water & Power Consultancy (India) Limited



===Category II ===

This category includes those PSEs which have made profits for the last three years continuously and should have a positive net worth. Category II miniratnas have autonomy to incurring the capital expenditure without government approval up to Rs. 250 crore or up to 50% of their net worth whichever is lower.

51. Bharat Pumps & Compressors Limited

52. Broadcast Engineering Consultants (I) Limited

53. Central Mine Planning & Design Institute Limited

54. Ed.CIL (India) Limited

55. Engineering Projects (India) Limited

56. FCI Aravali Gypsum & Minerals India Limited

57. Ferro Scrap Nigam Limited

58. HMT (International) Limited

59. HSCC (India) Limited

60. India Trade Promotion Organisation

61. Indian Medicines & Pharmaceuticals Corporation Limited

62. M E C O N Limited

63. National Film Development Corporation Limited

64. National Small Industries Corporation Limited

65. P E C Limited

66. Rajasthan Electronics & Instruments Limited

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