NAVRATNA PSUs In India:

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.