About 

• Established in 2009, Grid Controller of India Limited (GRID-INDIA)  holds the crucial mandate of overseeing the seamless and uninterrupted operation of the Indian Power System, ensuring the efficient transfer of electric power within and across regions, facilitating trans-national power exchanges with a focus on reliability, economy, and sustainability.
• It facilitates competitive and efficient wholesale electricity markets and administer settlement systems.
• Comprising five Regional Load Despatch Centres (RLDCs) and the National Load Despatch Centre (NLDC), GRID-INDIA shoulders the immense responsibility of managing the All India synchronous grid, one of the world’s largest and most intricate power systems. 
• Over the years, GRID-INDIA’s functions have dynamically evolved in response to the integration of power systems, escalating energy demands, the proliferation of Renewable Energy (RE) sources, economic growth, and technological advancements, coupled with evolving regulations and market dynamics.
• GRID-INDIA upholds the principles of independent system operation, fostering a level playing field for all stakeholders involved.

Why in News?

• Grid Controller of India Limited (GRID-INDIA) achieved a significant milestone by being conferred with the status of Miniratna Category-I Central Public Sector Enterprise (CPSE). This recognition, bestowed upon by the Ministry of Power, Government of India, underscores GRID-INDIA’s pivotal role in the nation’s power landscape.

Criteria for grant of Maharatna, Navratna and Miniratna status

Criteria for grant of Maharatna status to CPSEs: 

• The CPSEs meeting the following criteria are eligible to be considered for grant of Maharatna status. 
  • Having Navratna status
  • Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
  • An average annual turnover of more than Rs. 25,000 crore during the last 3 years
  • An average annual net worth of more than Rs. 15,000 crore during the last 3 years
  • An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
  • Should have significant global presence/international operations.

Criteria for grant of Navratna status to CPSEs

• The CPSEs which are Miniratna I, Schedule ‘A’ and have obtained ‘excellent’ or ‘very good’ MOU rating in three of the last five years and having composite score of 60 or above in following six selected performance indicators are eligible to be considered for grant of Navratna status.

Criteria for grant of Miniratna status to CPSEs

• Miniratna Category-I status:- The CPSEs which have made profit in the last three years continuously, pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
• Miniratna Category-II status:- The CPSEs which have made profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.
  • Miniratna CPSEs should have not defaulted in the repayment of loans/interest payment on any loans due to the Government.
  • Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.

https://pib.gov.in/PressReleasePage.aspx?PRID=2015770