Nov 22, 2011
NAVRATNA PSUs In India:
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.
Recent Comments