List of Maharatna, Navratna and Miniratna CPSEs As per available information (as on November, 2011) Maharatna CPSEs 1. 2. 3. 4. 5.

Coal India Limited Indian Oil Corporation Limited NTPC Limited Oil & Natural Gas Corporation Limited Steel Authority of India Limited

Navratna CPSEs 1. 2. 3. 4. 5. 6. Bharat Electronics Limited Bharat Heavy Electrical Limited Bharat Petroleum Corporation Limited GAIL (India) Limited Hindustan Aeronautics Limited Hindustan Petroleum Corporation Limited 7. Mahanagar Telephone Nigam Limited 8. National Aluminium Company Limited 9. NMDC 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 Category - I CPSEs 1. 2. 3. 4. 5. 6. 7. Airports Authority of India Antrix Corporation Limited Balmer Lawrie & Co. Limited Bharat Dynamics Limited BEML Limited Bharat Sanchar Nigam Limited Bridge & Roof Company (India) Limited

8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45.

Central Warehousing Corporation Central Coalfields Limited Chennai Petroleum Corporation Limited Cochin Shipyard Limited Container Corporation of India Limited Dredging Corporation of India Limited Engineers India Limited Ennore Port Limited Garden Reach Shipbuilders & Engineers Limited Goa Shipyard Limited Hindustan Copper Limited HLL Lifecare Limited Hindustan Newsprint Limited Hindustan Paper Corporation Limited Housing & Urban Development Corporation Limited India Tourism Development Corporation Limited Indian Railway Catering & Tourism Corporation Limited IRCON International Limited KIOCL Limited Mazagaon Dock Limited Mahanadi Coalfields Limited Manganese Ore (India) Limited Mangalore Refinery & Petrochemical Limited Mishra Dhatu Nigam Limited MMTC Limited MSTC Limited National Fertilizers Limited National Seeds Corporation Limited NHPC Limited Northern Coalfields Limited Numaligarh Refinery Limited ONGC Videsh Limited Pawan Hans Helicopters Limited Projects & Development India Limited Rashtriya Chemicals & Fertilizers Limited RITES Limited SJVN Limited Security Printing and Minting Corporation of India Limited

46. 47. 48. 49. 50. 51.

South Eastern Coalfields Limited State Trading Corporation of India Limited Telecommunications Consultants India Limited THDC India Limited Western Coalfields Limited WAPCOS Limited

Miniratna Category-II CPSEs 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. Bharat Pumps & Compressors Limited Broadcast Engineering Consultants (I) Limited Central Mine Planning & Design Institute Limited Ed.CIL (India) Limited Engineering Projects (India) Limited FCI Aravali Gypsum & Minerals India Limited Ferro Scrap Nigam Limited HMT (International) Limited HSCC (India) Limited India Trade Promotion Organisation Indian Medicines & Pharmaceuticals Corporation Limited M E C O N Limited National Film Development Corporation Limited National Small Industries Corporation Limited P E C Limited Rajasthan Electronics & Instruments Limited

Difference Between Maharatna and Navratna Status for PSE The title of Navratna was initiated by the government of India in 1997 to recognize and appreciate the efforts of public sector companies that were doing exceedingly well. The concept of Navratna came from 9 gems in the courts of maharaja Vkramaditya and later Emperor Ashoka, who were scholars par excellence and greatly helped the king in administration through their wisdom. At a time, when PSEs were being criticized for being non competitive and performing poorly in comparison to private sector companies, this was the highest award and reward a PSE could get. Since then, the number of companies getting the status of Navratna has been increased to 16. Maharatna is the latest honor constituted to pick out the best of the best, which implies that maharatna are the companies that have

already been granted the status of Navratna. Let us find out the difference between Maharatna and Navratna. Navratna Navratna was the top honor conferred on public sector enterprises till recently in the country. On six chosen parameters, a company getting a score of 60 out of 100 on each of these parameters, qualifies to be conferred the title of a Navratna. The title does not just add to prestige and status of the PSE, it also allows greater autonomy, both financial and operational, to the company. The company gets automatic permission to invest up to Rs. 1000 crores or 15% of their net worth on a project without seeking prior approval from the government. In fact, Navratna companies can spend up to 30% of their net worth (but less than Rs. 1000 crore) without approval from the government. Maharatna There was a time when there were very few public sector companies doing well. But today the situation has changed dramatically, many PSEs are doing exceedingly well prompting the government to increase the number of Navratnas from the customary 9 to 15. Even among Navratnas, the best are chosen to confer the title of Maharatna. The status of Maharatna allows a PSE to make foreign investments up to Rs. 5000 crores without seeking government approval. To get to the status of Maharatna, a Navratna must have an annual profit of more than 5000 crores, a net worth of Rs. 15000 crores, and a turnover of Rs. 25,000 crores in the last three years. In India, there are just 4 companies that have been conferred the title of Maharatna, and they are IOCL, NTPC, ONGC, and SAIL.